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Hokuryo posts fiscal Q2 profit

Hokuryo Co. Ltd. said its normalized net income for the fiscal second quarter ended Feb. 28 was ¥85.6 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.3%.

Total revenue totaled ¥3.75 billion, and total operating expenses totaled ¥3.59 billion.

Reported net income totaled ¥87.0 million, or ¥14.57 per share.

As of April 14, US$1 was equivalent to ¥119.09.