Anrakutei Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥4.68 per share, a decline of 88.2% from ¥39.74 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.0 million, a decline of 88.2% from ¥85.0 million in the year-earlier period.

The normalized profit margin dropped to 0.2% from 1.9% in the year-earlier period.

Total revenue decreased year over year to ¥4.24 billion from ¥4.37 billion, and total operating expenses totaled ¥4.21 billion, compared with ¥4.23 billion in the year-earlier period.

Reported net income grew from the prior-year period to ¥117.0 million, or ¥54.70 per share, from ¥26.0 million, or ¥12.15 per share.

For the year, the company's normalized net income totaled ¥145.23 per share, an increase of 17.2% from ¥123.88 per share in the prior year.

Normalized net income was ¥310.6 million, a gain of 17.2% from ¥265.0 million in the prior year.

Full-year total revenue decreased on an annual basis to ¥17.08 billion from ¥17.27 billion, and total operating expenses totaled ¥16.56 billion, compared with ¥16.70 billion in the year-earlier period.

The company said reported net income increased 7.7% on an annual basis to ¥404.0 million, or ¥188.88 per share, in the full year, from ¥375.0 million, or ¥175.31 per share.

As of June 30, US$1 was equivalent to ¥102.42.