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Hokuryo posts fiscal Q4 profit

Hokuryo Co. Ltd. said its normalized net income for the fiscal fourth quarter ended Aug. 31 was ¥136.9 million.

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

The normalized profit margin was 3.4%.

Total revenue totaled ¥4.05 billion, and total operating expenses came to ¥3.84 billion.

Reported net income came to ¥122.0 million, or ¥16.34 per share.

For the year, the company's normalized net income totaled ¥98.91 per share, a gain from ¥44.18 per share in the prior year.

Normalized net income was ¥659.4 million, a gain from ¥257.5 million in the prior year.

Full-year total revenue increased 17.8% on an annual basis to ¥15.59 billion from ¥13.24 billion, and total operating expenses increased 13.0% year over year to ¥14.55 billion from ¥12.89 billion.

The company said reported net income grew year over year to ¥667.0 million, or ¥100.05 per share, in the full year, from ¥54.0 million, or ¥9.26 per share.

As of Nov. 26, US$1 was equivalent to ¥122.54.