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Hakuyosha Q2 profit climbs 17.6% YOY

Hakuyosha Co. Ltd. said its normalized net income for the second quarter amounted to ¥245.96 per share, an increase of 17.6% from ¥209.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥942.0 million, a gain of 17.6% from ¥800.9 million in the year-earlier period.

The normalized profit margin increased to 6.8% from 6.0% in the year-earlier period.

Total revenue climbed year over year to ¥13.84 billion from ¥13.31 billion, and total operating expenses increased from the prior-year period to ¥12.34 billion from ¥12.02 billion.

Reported net income rose 11.9% year over year to ¥914.0 million, or ¥238.65 per share, from ¥817.0 million, or ¥213.29 per share.

As of Aug. 14, US$1 was equivalent to ¥124.29.