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Tokai Senko fiscal Q1 profit climbs YOY

Tokai Senko KK said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥28.54 per share, an increase from ¥10.00 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥97.3 million, an increase from ¥34.3 million in the year-earlier period.

The normalized profit margin rose to 2.4% from 0.8% in the year-earlier period.

Total revenue totaled ¥4.13 billion, compared with ¥4.09 billion in the prior-year period, and total operating expenses declined year over year to ¥3.94 billion from ¥4.01 billion.

Reported net income grew on an annual basis to ¥105.0 million, or ¥30.82 per share, from ¥37.0 million, or ¥10.80 per share.

As of Aug. 6, US$1 was equivalent to ¥102.36.