Auto audio and navigator specialist Alpine Electronics said net income declined by 24.2% to JPY4.57bn (US$56.9m) for the fiscal year ended 31 March 2012.

Operating income declined by almost half to JPY5.65bn. Net sales rose slightly by 0.8% to JPY202.91bn.

For the full year ending 31 March 2013, the company expects net income of JPY5bn, operating income of JPY6bn and net sales of JPY220bn.