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Takihyo fiscal Q4 profit climbs YOY

Takihyo Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 came to ¥21.83 per share, an increase from ¥5.56 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥205.6 million, a gain from ¥51.9 million in the prior-year period.

The normalized profit margin increased to 1.1% from 0.3% in the year-earlier period.

Total revenue rose 6.2% on an annual basis to ¥19.50 billion from ¥18.37 billion, and total operating expenses grew on an annual basis to ¥19.17 billion from ¥18.28 billion.

Reported net income totaled ¥95.2 million, or ¥10.10 per share, compared to a loss of ¥51.6 million, or a loss of ¥5.58 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥159.38 per share, an increase of 19.4% from ¥133.46 per share in the prior year.

Normalized net income was ¥1.50 billion, an increase of 19.6% from ¥1.25 billion in the prior year.

Full-year total revenue decreased on an annual basis to ¥77.66 billion from ¥79.37 billion, and total operating expenses declined on an annual basis to ¥75.41 billion from ¥77.45 billion.

The company said reported net income declined 8.0% on an annual basis to ¥1.06 billion, or ¥112.60 per share, in the full year, from ¥1.15 billion, or ¥122.60 per share.

As of May 22, US$1 was equivalent to ¥121.48.