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Hokuryo posts fiscal Q3 profit

Hokuryo Co. Ltd. said its normalized net income for the fiscal third quarter ended May 31 came to ¥220.6 million.

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

The normalized profit margin was 5.6%.

Total revenue came to ¥3.95 billion, and total operating expenses came to ¥3.61 billion.

Reported net income came to ¥216.0 million, or ¥29.20 per share.

As of July 14, US$1 was equivalent to ¥123.44.