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Tokai Senko fiscal Q3 profit climbs 34.0% YOY

Tokai Senko K.K. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥58.13 per share, a gain of 34.0% from ¥43.37 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥198.0 million, an increase of 34.0% from ¥147.8 million in the year-earlier period.

The normalized profit margin rose to 5.4% from 3.7% in the year-earlier period.

Total revenue declined 7.2% on an annual basis to ¥3.66 billion from ¥3.94 billion, and total operating expenses fell 11.6% on an annual basis to ¥3.29 billion from ¥3.72 billion.

Reported net income rose 56.0% from the prior-year period to ¥262.0 million, or ¥76.92 per share, from ¥168.0 million, or ¥49.31 per share.

As of Feb. 5, US$1 was equivalent to ¥117.16.