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Hokuto fiscal Q3 profit climbs YOY

Hokuto Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥98.21 per share, an increase from ¥93.98 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.13 billion, a gain from ¥2.99 billion in the prior-year period.

The normalized profit margin climbed to 15.7% from 15.3% in the year-earlier period.

Total revenue increased year over year to ¥19.91 billion from ¥19.49 billion, and total operating expenses rose from the prior-year period to ¥15.84 billion from ¥15.35 billion.

Reported net income rose 16.7% from the prior-year period to ¥3.38 billion, or ¥106.07 per share, from ¥2.90 billion, or ¥91.21 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.