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Tokyo Electron fiscal Q4 profit climbs 97.4% YOY

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Tokyo Electron fiscal Q4 profit climbs 97.4% YOY

Tokyo Electron Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥234.95 per share, an increase of 97.2% from ¥119.17 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥38.66 billion, an increase of 97.4% from ¥19.58 billion in the prior-year period.

The normalized profit margin rose to 14.8% from 11.9% in the year-earlier period.

Total revenue rose 58.7% on an annual basis to ¥260.63 billion from ¥164.23 billion, and total operating expenses rose 48.4% from the prior-year period to ¥199.09 billion from ¥134.20 billion.

Reported net income increased 153.5% year over year to ¥47.29 billion, or ¥287.42 per share, from ¥18.66 billion, or ¥113.52 per share.

For the year, the company's normalized net income totaled ¥598.35 per share, compared to EPS of ¥440.44 in the prior year.

Normalized net income was ¥98.43 billion, an increase from ¥74.58 billion in the prior year.

Full-year total revenue rose from the prior-year period to ¥799.72 billion from ¥663.95 billion, and total operating expenses grew year over year to ¥644.02 billion from ¥547.16 billion.

The company said reported net income rose on an annual basis to ¥115.21 billion, or ¥700.35 per share, in the full year, from ¥77.89 billion, or ¥460.00 per share.

As of June 20, US$1 was equivalent to ¥111.69.