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Twinbird posts fiscal Q4 profit

Twinbird Corp. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was ¥31.9 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.8%.

Total revenue totaled ¥4.10 billion, and total operating expenses totaled ¥4.05 billion.

Reported net income totaled ¥78.0 million, or ¥8.94 per share.

For the year, the company's normalized net income totaled ¥37.39 per share, a gain of 59.7% from ¥23.42 per share in the prior year.

Normalized net income was ¥326.3 million, a gain of 59.6% from ¥204.4 million in the prior year.

Full-year total revenue grew 19.9% year over year to ¥13.36 billion from ¥11.14 billion, and total operating expenses grew 21.8% on an annual basis to ¥13.14 billion from ¥10.79 billion.

The company said reported net income increased 49.6% on an annual basis to ¥338.0 million, or ¥38.74 per share, in the full year, from ¥226.0 million, or ¥25.90 per share.

As of May 25, US$1 was equivalent to ¥121.48.