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TETSUJIN fiscal Q3 profit climbs 26.4% YOY

TETSUJIN Inc. said its normalized net income for the fiscal third quarter ended May 31 was ¥15.31 per share, an increase of 25.8% from ¥12.18 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥95.6 million, an increase of 26.4% from ¥75.6 million in the year-earlier period.

The normalized profit margin increased to 4.0% from 2.9% in the year-earlier period.

Total revenue declined 9.4% year over year to ¥2.40 billion from ¥2.65 billion, and total operating expenses declined 9.4% year over year to ¥2.27 billion from ¥2.50 billion.

Reported net income rose from the prior-year period to ¥62.9 million, or ¥10.07 per share, from ¥29.0 million, or ¥4.67 per share.

As of July 15, US$1 was equivalent to ¥123.95.