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S.T. Corp. swings to profit in fiscal Q3

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S.T. Corp. swings to profit in fiscal Q3

4916045 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥1.99 per share, compared with a loss of ¥4.77 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥43.5 million, compared with a loss of ¥103.6 million in the prior-year period.

The normalized profit margin climbed to 0.3% from negative 0.8% in the year-earlier period.

Total revenue increased on an annual basis to ¥14.03 billion from ¥13.70 billion, and total operating expenses increased on an annual basis to ¥13.95 billion from ¥13.36 billion.

Reported net income fell 73.5% on an annual basis to ¥31.0 million, or ¥1.37 per share, from ¥116.9 million, or ¥5.34 per share.

s of Feb. 13, US$1 was equivalent to ¥118.68.S.T. Corp.

4916045 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥1.99 per share, compared with a loss of ¥4.77 per share in the prior-year period.