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Hub Co. Ltd. fiscal Q2 profit climbs YOY

Hub Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥128.8 million, a gain from ¥125.0 million in the prior-year period.

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

The normalized profit margin dropped to 5.4% from 5.8% in the year-earlier period.

Total revenue grew 10.0% year over year to ¥2.36 billion from ¥2.15 billion, and total operating expenses rose 10.6% from the prior-year period to ¥2.16 billion from ¥1.95 billion.

Reported net income totaled ¥119.0 million, or ¥10.56 per share, compared to ¥120.0 million in the year-earlier period.

As of Oct. 14, US$1 was equivalent to ¥107.05.