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Hiramatsu posts fiscal Q2 profit

Hiramatsu Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥365.6 million.

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

The normalized profit margin was 13.6%.

Total revenue totaled ¥2.69 billion, and total operating expenses came to ¥2.12 billion.

Reported net income totaled ¥374.2 million, or ¥9.32 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.