T.RAD Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥83.05 per share, a decrease of 17.6% from ¥100.81 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥682.3 million, a decrease of 17.6% from ¥828.3 million in the prior-year period.
The normalized profit margin declined to 2.3% from 3.2% in the year-earlier period.
Total revenue climbed 13.3% on an annual basis to ¥29.61 billion from ¥26.13 billion, and total operating expenses climbed 14.2% year over year to ¥28.45 billion from ¥24.91 billion.
Reported net income decreased 49.7% from the prior-year period to ¥220.0 million, or ¥26.78 per share, from ¥437.0 million, or ¥53.19 per share.
For the year, the company's normalized net income totaled ¥273.03 per share, a decrease of 26.5% from ¥371.54 per share in the prior year.
Normalized net income was ¥2.24 billion, a decline of 26.5% from ¥3.05 billion in the prior year.
Full-year total revenue increased 8.6% from the prior-year period to ¥103.44 billion from ¥95.25 billion, and total operating expenses increased 10.0% year over year to ¥100.20 billion from ¥91.10 billion.
The company said reported net income decreased 76.3% on an annual basis to ¥484.0 million, or ¥58.91 per share, in the full year, from ¥2.05 billion, or ¥249.01 per share.
As of June 25, US$1 was equivalent to ¥123.71.