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Tigers Polymer fiscal Q4 profit climbs YOY

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Tigers Polymer fiscal Q4 profit climbs YOY

Tigers Polymer Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥19.50 per share, a gain from ¥9.60 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥390.1 million, a gain from ¥192.1 million in the prior-year period.

The normalized profit margin climbed to 3.4% from 1.9% in the year-earlier period.

Total revenue rose 10.7% on an annual basis to ¥11.33 billion from ¥10.23 billion, and total operating expenses rose 10.0% from the prior-year period to ¥10.72 billion from ¥9.75 billion.

Reported net income rose from the prior-year period to ¥586.0 million, or ¥29.29 per share, from ¥185.0 million, or ¥9.24 per share.

For the year, the company's normalized net income totaled ¥82.31 per share, an increase from ¥41.07 per share in the prior year.

Normalized net income was ¥1.65 billion, a rise from ¥822.0 million in the prior year.

Full-year total revenue increased 15.4% on an annual basis to ¥40.62 billion from ¥35.18 billion, and total operating expenses grew 13.6% year over year to ¥38.25 billion from ¥33.66 billion.

The company said reported net income grew year over year to ¥2.02 billion, or ¥101.04 per share, in the full year, from ¥808.0 million, or ¥40.37 per share.

As of June 24, US$1 was equivalent to ¥124.31.