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TS Tech fiscal Q3 profit climbs YOY

TS Tech Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥74.31 per share, compared with ¥73.88 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.05 billion, compared with ¥5.02 billion in the year-earlier period.

The normalized profit margin increased to 4.9% from 4.3% in the year-earlier period.

Total revenue fell 10.9% year over year to ¥104.07 billion from ¥116.74 billion, and total operating expenses declined 10.7% on an annual basis to ¥95.67 billion from ¥107.17 billion.

Reported net income came to ¥6.05 billion, or ¥88.97 per share, compared to ¥6.09 billion, or ¥89.52 per share, in the prior-year period.

As of Feb. 9, US$1 was equivalent to ¥118.60.