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Tokyo Electron fiscal Q3 profit climbs 29.9% YOY

Tokyo Electron Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, was ¥126.55 per share, a gain of 29.9% from ¥97.42 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥20.82 billion, an increase of 29.9% from ¥16.02 billion in the prior-year period.

The normalized profit margin climbed to 11.2% from 10.1% in the year-earlier period.

Total revenue rose 17.4% on an annual basis to ¥186.37 billion from ¥158.77 billion, and total operating expenses increased 14.2% on an annual basis to ¥152.22 billion from ¥133.26 billion.

Reported net income grew 45.3% from the prior-year period to ¥25.95 billion, or ¥157.73 per share, from ¥17.86 billion, or ¥108.57 per share.

As of Feb. 13, US$1 was equivalent to ¥113.90.