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Hurxley fiscal Q1 profit climbs 15.8% YOY

Hurxley Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥23.15 per share, a gain of 15.8% from ¥19.99 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥231.1 million, an increase of 15.8% from ¥199.6 million in the prior-year period.

The normalized profit margin increased to 1.9% from 1.5% in the year-earlier period.

Total revenue fell 7.1% year over year to ¥12.19 billion from ¥13.13 billion, and total operating expenses fell 8.2% year over year to ¥11.96 billion from ¥13.03 billion.

Reported net income decreased 12.1% year over year to ¥275.0 million, or ¥27.54 per share, from ¥313.0 million, or ¥31.35 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.