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Hinokiya Holdings Q3 profit climbs YOY

Hinokiya Group Co.Ltd. said its third-quarter normalized net income came to ¥56.52 per share, a gain from ¥6.88 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥767.3 million, an increase from ¥93.4 million in the prior-year period.

The normalized profit margin increased to 4.1% from 0.6% in the year-earlier period.

Total revenue climbed 23.4% on an annual basis to ¥18.66 billion from ¥15.12 billion, and total operating expenses climbed 15.0% from the prior-year period to ¥17.35 billion from ¥15.09 billion.

Reported net income came to ¥621.3 million, or ¥45.77 per share, compared to a loss of ¥166.5 million, or a loss of ¥14.36 per share, in the year-earlier period.

As of Nov. 10, US$1 was equivalent to ¥123.26.