For the year ended 31 March, the Japanese company posted net profit of Y1.64 billion versus Y2.03 billion a year earlier.
Revenue rose to Y38.42 billion from Y30.80 billion, while operating profit nearly doubled to Y4.42 billion and pretax profit increased to Y4.64 billion.
Earnings per share fell to Y105.87 from Y130.82, with the results prepared under Japanese accounting standards.
Hirakawa's operating profit doubled, but net earnings dropped. What is draining its bottom line?
Do Japan's unique accounting standards paint a misleading picture of corporate financial health?
Amid a cable market boom and US trade friction, can Hirakawa sustain its rapid growth?