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Tokyo Individualized Educational fiscal Q4 profit climbs 27.0% YOY

Tokyo Individualized Educational Institute Inc. said its normalized net income for the fiscal fourth quarter ended Feb. 29 came to ¥17.66 per share, a gain of 27.0% from ¥13.91 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥958.8 million, a gain of 27.0% from ¥755.0 million in the prior-year period.

The normalized profit margin climbed to 18.0% from 15.7% in the year-earlier period.

Total revenue rose 10.2% year over year to ¥5.32 billion from ¥4.82 billion, and total operating expenses grew on an annual basis to ¥3.78 billion from ¥3.62 billion.

Reported net income rose 25.0% year over year to ¥970.0 million, or ¥17.87 per share, from ¥776.0 million, or ¥14.29 per share.

For the year, the company's normalized net income totaled ¥25.59 per share, an increase of 28.6% from ¥19.89 per share in the prior year.

Normalized net income was ¥1.39 billion, a rise of 28.6% from ¥1.08 billion in the prior year.

Full-year total revenue rose 8.8% from the prior-year period to ¥17.09 billion from ¥15.72 billion, and total operating expenses rose 6.3% on an annual basis to ¥14.88 billion from ¥13.99 billion.

The company said reported net income rose 28.7% year over year to ¥1.38 billion, or ¥25.47 per share, in the full year, from ¥1.07 billion, or ¥19.80 per share.

As of May 26, US$1 was equivalent to ¥109.66.