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Tokyo Electron fiscal Q3 profit climbs 194.3% YOY

Tokyo Electron Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥86.95 per share, a gain of 193.5% from ¥29.62 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.62 billion, an increase of 194.3% from ¥5.31 billion in the year-earlier period.

The normalized profit margin climbed to 11.4% from 3.8% in the year-earlier period.

Total revenue came to ¥137.02 billion, compared with ¥138.40 billion in the year-earlier period, and total operating expenses decreased 11.1% year over year to ¥114.94 billion from ¥129.33 billion.

Reported net income totaled ¥17.45 billion, or ¥97.14 per share, compared with a loss of ¥38.10 billion, or a loss of ¥212.60 per share, in the year-earlier period.

As of Feb. 9, US$1 was equivalent to ¥118.60.