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Halows fiscal Q2 profit climbs 18.0% YOY

Halows Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥31.62 per share, a gain of 18.0% from ¥26.80 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥573.8 million, a gain of 18.0% from ¥486.3 million in the year-earlier period.

The normalized profit margin increased to 2.3% from 2.1% in the year-earlier period.

Total revenue rose 6.2% year over year to ¥24.66 billion from ¥23.21 billion, and total operating expenses rose 5.8% year over year to ¥23.72 billion from ¥22.41 billion.

Reported net income rose 22.1% year over year to ¥552.0 million, or ¥30.42 per share, from ¥452.0 million, or ¥24.91 per share.

As of Oct. 10, US$1 was equivalent to ¥107.98.