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Tsukamoto swings to profit in fiscal Q4

Tsukamoto Corp. Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥59.11 per share, compared with a loss of ¥22.89 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥235.6 million, compared with a loss of ¥91.3 million in the prior-year period.

The normalized profit margin increased to 3.2% from negative 1.3% in the year-earlier period.

Total revenue rose on an annual basis to ¥7.31 billion from ¥7.12 billion, and total operating expenses decreased year over year to ¥6.95 billion from ¥7.28 billion.

Reported net income came to a loss of ¥113.0 million, or a loss of ¥28.35 per share, compared to a loss of ¥135.0 million, or a loss of ¥33.86 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥21.64 per share, a fall of 21.6% from ¥27.59 per share in the prior year.

Normalized net income was ¥86.3 million, a decrease of 21.6% from ¥110.0 million in the prior year.

Full-year total revenue fell 7.0% on an annual basis to ¥27.25 billion from ¥29.31 billion, and total operating expenses decreased 6.9% on an annual basis to ¥27.09 billion from ¥29.09 billion.

The company said reported net income increased year over year to ¥1.29 billion, or ¥322.61 per share, in the full year, from ¥346.0 million, or ¥86.78 per share.

As of June 29, US$1 was equivalent to ¥122.67.