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HKS Co. Ltd. fiscal Q1 profit climbs YOY

HKS Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, came to ¥103.86 per share, a gain from ¥14.11 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥76.9 million, a gain from ¥11.3 million in the prior-year period.

The normalized profit margin rose to 4.1% from 0.8% in the year-earlier period.

Total revenue increased 27.3% year over year to ¥1.88 billion from ¥1.48 billion, and total operating expenses increased 17.3% year over year to ¥1.75 billion from ¥1.50 billion.

Reported net income rose from the prior-year period to ¥85.0 million, or ¥114.83 per share, from ¥16.0 million, or ¥20.07 per share.

As of Jan. 14, US$1 was equivalent to ¥118.06.