4914240 said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥17.74 per share, a gain from ¥3.02 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥312.5 million, a gain from ¥53.1 million in the prior-year period.

The normalized profit margin climbed to 0.6% from 0.1% in the year-earlier period.

Total revenue grew 7.4% on an annual basis to ¥48.50 billion from ¥45.15 billion, and total operating expenses increased 6.4% on an annual basis to ¥48.06 billion from ¥45.16 billion.

Reported net income totaled ¥340.0 million, or ¥19.30 per share, compared to a loss of ¥106.0 million, or a loss of ¥6.02 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥161.52 per share, a gain of 10.5% from ¥146.23 per share in the prior year.

Normalized net income was ¥2.85 billion, an increase of 10.5% from ¥2.58 billion in the prior year.

Full-year total revenue rose 8.1% from the prior-year period to ¥201.68 billion from ¥186.53 billion, and total operating expenses increased 8.1% on an annual basis to ¥197.54 billion from ¥182.81 billion.

he company said reported net income grew 2 Warabeya Nichiyo Holdings Co. Ltd.