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TS Tech fiscal Q4 profit climbs 10.0% YOY

TS Tech Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥78.64 per share, an increase of 10.0% from ¥71.51 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.35 billion, an increase of 10.0% from ¥4.86 billion in the prior-year period.

The normalized profit margin rose to 4.7% from 3.9% in the year-earlier period.

Total revenue declined 8.2% year over year to ¥114.08 billion from ¥124.28 billion, and total operating expenses decreased 9.1% from the prior-year period to ¥104.75 billion from ¥115.19 billion.

Reported net income declined 9.2% on an annual basis to ¥4.61 billion, or ¥67.75 per share, from ¥5.08 billion, or ¥74.63 per share.

For the year, the company's normalized net income totaled ¥290.25 per share, a decrease from ¥303.16 per share in the prior year.

Normalized net income was ¥19.74 billion, a decline from ¥20.61 billion in the prior year.

Full-year total revenue decreased on an annual basis to ¥434.28 billion from ¥457.05 billion, and total operating expenses declined year over year to ¥398.99 billion from ¥417.92 billion.

The company said reported net income declined 7.9% on an annual basis to ¥22.01 billion, or ¥323.66 per share, in the full year, from ¥23.90 billion, or ¥351.48 per share.

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