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Token fiscal Q1 profit climbs 39.5% YOY

Token Corp. said its normalized net income for the fiscal first quarter ended July 31 came to ¥85.63 per share, an increase of 39.5% from ¥61.38 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.15 billion, a gain of 39.5% from ¥826.9 million in the year-earlier period.

The normalized profit margin climbed to 1.8% from 1.4% in the year-earlier period.

Total revenue rose 8.6% on an annual basis to ¥63.00 billion from ¥58.03 billion, and total operating expenses grew 7.9% on an annual basis to ¥61.30 billion from ¥56.84 billion.

Reported net income rose 70.6% from the prior-year period to ¥1.22 billion, or ¥90.59 per share, from ¥715.0 million, or ¥53.08 per share.

As of Sept. 12, US$1 was equivalent to ¥107.36.