HOB Co. Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was ¥88.59 per share, a decrease of 6.9% from ¥95.14 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥67.5 million, a decrease of 6.9% from ¥72.5 million in the prior-year period.
The normalized profit margin declined to 3.1% from 4.6% in the year-earlier period.
Total revenue grew 36.0% on an annual basis to ¥2.14 billion from ¥1.58 billion, and total operating expenses climbed 39.2% from the prior-year period to ¥2.04 billion from ¥1.46 billion.
Reported net income declined 37.3% on an annual basis to ¥69.0 million, or ¥90.56 per share, from ¥110.0 million, or ¥144.36 per share.
As of Feb. 13, US$1 was equivalent to ¥118.68.
