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NOK Corp. fiscal Q2 profit climbs YOY

4915802 said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥59.08 per share, a gain from ¥22.77 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.20 billion, a gain from ¥3.93 billion in the year-earlier period.

The normalized profit margin climbed to 6.2% from 2.7% in the year-earlier period.

Total revenue grew 14.2% on an annual basis to ¥164.95 billion from ¥144.41 billion, and total operating expenses increased 8.2% year over year to ¥150.42 billion from ¥139.07 billion.

Reported net income rose on an annual basis to ¥11.24 billion, or ¥65.10 per share, from ¥2.84 billion, or ¥16.46 per share.

s of Nov. 14, US$1 was equivalent to ¥116.46.NOK Corp.

4915802 said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥59.08 per share, a gain from ¥22.77 per share in the year-earlier period.