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Tokyo Electron fiscal Q3 profit climbs YOY

Tokyo Electron Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥97.42 per share, a gain of 12.0% from ¥86.95 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.02 billion, an increase from ¥15.62 billion in the prior-year period.

The normalized profit margin dropped to 10.1% from 11.4% in the year-earlier period.

Total revenue increased 15.9% year over year to ¥158.77 billion from ¥137.02 billion, and total operating expenses grew 15.9% from the prior-year period to ¥133.26 billion from ¥114.94 billion.

Reported net income grew on an annual basis to ¥17.86 billion, or ¥108.57 per share, from ¥17.45 billion, or ¥97.14 per share.

As of Feb. 10, US$1 was equivalent to ¥114.87.