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Halows fiscal Q3 profit climbs 20.1% YOY

Halows Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥27.61 per share, an increase of 20.2% from ¥22.98 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥500.6 million, a gain of 20.1% from ¥416.9 million in the prior-year period.

The normalized profit margin increased to 2.1% from 1.9% in the year-earlier period.

Total revenue rose on an annual basis to ¥23.50 billion from ¥22.51 billion, and total operating expenses grew from the prior-year period to ¥22.68 billion from ¥21.82 billion.

Reported net income grew 20.7% on an annual basis to ¥472.0 million, or ¥26.03 per share, from ¥391.0 million, or ¥21.55 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.