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Tay Two fiscal Q4 profit falls YOY

Tay Two Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to 11 Japanese sen per share, a decrease of 88.0% from 93 sen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.6 million, a decline of 88.0% from ¥46.9 million in the year-earlier period.

The normalized profit margin fell to 0.1% from 0.5% in the year-earlier period.

Total revenue declined year over year to ¥8.59 billion from ¥9.02 billion, and total operating expenses decreased from the prior-year period to ¥8.59 billion from ¥8.93 billion.

Reported net income totaled a loss of ¥1.10 billion, or a loss of ¥21.68 per share, compared to a loss of ¥221.7 million, or a loss of ¥4.38 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥3.89 per share, compared with ¥2.83 per share in the prior year.

Normalized net income was a loss of ¥196.9 million, compared with income of ¥144.4 million in the prior year.

Full-year total revenue declined 6.3% from the prior-year period to ¥29.42 billion from ¥31.39 billion, and total operating expenses fell year over year to ¥29.75 billion from ¥31.14 billion.

The company said reported net income totaled a loss of ¥1.35 billion, or a loss of ¥26.78 per share, in the full year, compared with a loss of ¥193.0 million, or a loss of ¥3.79 per share, the prior year.

As of May 29, US$1 was equivalent to ¥124.15.