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Tokan fiscal Q4 profit climbs YOY

Tokan Co.Ltd. said its normalized net income for the fiscal fourth quarter ended Sept. 30 amounted to ¥49.82 per share, a gain of 8.0% from ¥46.12 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥300.1 million, an increase from ¥292.8 million in the year-earlier period.

The normalized profit margin rose to 0.7% from 0.7% in the year-earlier period.

Total revenue rose on an annual basis to ¥44.38 billion from ¥43.39 billion, and total operating expenses increased from the prior-year period to ¥44.07 billion from ¥43.07 billion.

Reported net income rose 24.5% year over year to ¥259.0 million, or ¥42.99 per share, from ¥208.0 million, or ¥32.77 per share.

For the year, the company's normalized net income totaled ¥213.32 per share, a gain of 34.9% from ¥158.16 per share in the prior year.

Normalized net income was ¥1.32 billion, an increase of 31.0% from ¥1.00 billion in the prior year.

Full-year total revenue increased 5.7% on an annual basis to ¥169.90 billion from ¥160.69 billion, and total operating expenses increased 5.4% year over year to ¥168.37 billion from ¥159.68 billion.

The company said reported net income rose 49.7% on an annual basis to ¥1.35 billion, or ¥218.33 per share, in the full year, from ¥899.0 million, or ¥141.62 per share.

As of Dec. 16, US$1 was equivalent to ¥118.31.