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TBK Co. fiscal Q4 profit falls YOY

TBK Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥12.39 per share, a decline of 19.8% from ¥15.45 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥363.4 million, a decline of 19.8% from ¥453.3 million in the year-earlier period.

The normalized profit margin declined to 3.0% from 3.9% in the year-earlier period.

Total revenue climbed year over year to ¥11.99 billion from ¥11.62 billion, and total operating expenses increased from the prior-year period to ¥11.26 billion from ¥10.79 billion.

Reported net income decreased 33.2% from the prior-year period to ¥503.0 million, or ¥17.15 per share, from ¥753.0 million, or ¥25.67 per share.

For the year, the company's normalized net income totaled ¥60.01 per share, a decline of 13.6% from ¥69.47 per share in the prior year.

Normalized net income was ¥1.76 billion, a fall of 13.6% from ¥2.04 billion in the prior year.

Full-year total revenue rose on an annual basis to ¥47.06 billion from ¥45.61 billion, and total operating expenses grew year over year to ¥44.12 billion from ¥42.18 billion.

The company said reported net income fell 19.6% year over year to ¥2.15 billion, or ¥73.37 per share, in the full year, from ¥2.67 billion, or ¥91.19 per share.

As of June 19, US$1 was equivalent to ¥122.78.