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Fujix swings to profit in fiscal Q3

Fujix Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to ¥12.71 per share, compared with a loss of ¥24.68 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥17.5 million, compared with a loss of ¥34.0 million in the prior-year period.

The normalized profit margin increased to 1.0% from negative 2.0% in the year-earlier period.

Total revenue totaled ¥1.70 billion, compared with ¥1.69 billion in the year-earlier period, and total operating expenses came to ¥1.72 billion, compared with ¥1.72 billion in the year-earlier period.

Reported net income rose on an annual basis to ¥31.0 million, or ¥22.51 per share, from ¥10.0 million, or ¥7.26 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.