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Hokuto fiscal Q4 profit climbs 19.4% YOY

Hokuto Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥34.63 per share, an increase of 19.0% from ¥29.11 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.11 billion, a gain of 19.4% from ¥926.9 million in the prior-year period.

The normalized profit margin rose to 7.2% from 6.1% in the year-earlier period.

Total revenue grew year over year to ¥15.36 billion from ¥15.11 billion, and total operating expenses totaled ¥13.75 billion, compared with ¥13.68 billion in the prior-year period.

Reported net income rose on an annual basis to ¥1.14 billion, or ¥35.68 per share, from ¥491.0 million, or ¥15.42 per share.

For the year, the company's normalized net income totaled ¥112.82 per share, a gain from ¥107.76 per share in the prior year.

Normalized net income was ¥3.60 billion, a rise of 5.0% from ¥3.43 billion in the prior year.

Full-year total revenue grew 6.9% on an annual basis to ¥60.95 billion from ¥57.02 billion, and total operating expenses increased 8.0% on an annual basis to ¥56.99 billion from ¥52.77 billion.

The company said reported net income rose 35.9% on an annual basis to ¥3.70 billion, or ¥115.90 per share, in the full year, from ¥2.72 billion, or ¥85.53 per share.

As of June 26, US$1 was equivalent to ¥123.96.