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Hokuryo posts fiscal Q1 profit

Hokuryo Co. Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, was ¥216.3 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 ¥3.85 billion, and total operating expenses totaled ¥3.52 billion.

Reported net income came to ¥242.0 million, or ¥41.52 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.