cocokara fine Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥45.82 per share, a decline of 52.8% from ¥97.17 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.16 billion, a decline of 53.2% from ¥2.47 billion in the year-earlier period.

The normalized profit margin declined to 1.4% from 2.7% in the year-earlier period.

Total revenue fell 6.0% year over year to ¥85.03 billion from ¥90.49 billion, and total operating expenses fell year over year to ¥83.73 billion from ¥86.99 billion.

Reported net income came to a loss of ¥742.0 million, or a loss of ¥29.37 per share, compared to income of ¥660.0 million, or ¥25.95 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥161.83 per share, a decline of 30.6% from ¥233.26 per share in the prior year.

Normalized net income was ¥4.11 billion, a decrease of 30.7% from ¥5.93 billion in the prior year.

Full-year total revenue amounted to ¥349.16 billion, compared with ¥349.34 billion in the prior year, and total operating expenses came to ¥344.80 billion, compared with ¥341.92 billion in the prior-year period.

The company said reported net income declined 53.9% year over year to ¥1.66 billion, or ¥65.29 per share, in the full year, from ¥3.60 billion, or ¥141.44 per share.

As of June 25, US$1 was equivalent to ¥123.71.