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Token fiscal Q4 profit falls YOY

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Token fiscal Q4 profit falls YOY

Token Corp. said its normalized net income for the fiscal fourth quarter ended April 30 came to ¥152.68 per share, a decrease of 33.8% from ¥230.70 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.05 billion, a decrease of 33.8% from ¥3.11 billion in the prior-year period.

The normalized profit margin declined to 2.7% from 4.2% in the year-earlier period.

Total revenue rose year over year to ¥76.25 billion from ¥74.18 billion, and total operating expenses increased 5.0% from the prior-year period to ¥73.04 billion from ¥69.57 billion.

Reported net income fell 31.3% from the prior-year period to ¥2.05 billion, or ¥152.57 per share, from ¥2.99 billion, or ¥222.04 per share.

For the year, the company's normalized net income totaled ¥633.65 per share, a gain of 31.8% from ¥480.63 per share in the prior year.

Normalized net income was ¥8.53 billion, a gain of 31.8% from ¥6.47 billion in the prior year.

Full-year total revenue grew 6.9% from the prior-year period to ¥283.73 billion from ¥265.34 billion, and total operating expenses increased 5.7% year over year to ¥270.55 billion from ¥255.89 billion.

The company said reported net income increased 38.9% year over year to ¥8.63 billion, or ¥641.61 per share, in the full year, from ¥6.22 billion, or ¥461.74 per share.

As of July 29, US$1 was equivalent to ¥102.36.