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Fuji Corp. Ltd. fiscal Q3 profit falls YOY

Fuji Corp. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥15.33 per share, a decrease of 23.6% from ¥20.06 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥553.1 million, a decrease of 23.4% from ¥721.9 million in the prior-year period.

The normalized profit margin declined to 2.9% from 3.6% in the year-earlier period.

Total revenue decreased on an annual basis to ¥19.27 billion from ¥19.90 billion, and total operating expenses fell year over year to ¥18.35 billion from ¥18.68 billion.

Reported net income grew 9.3% year over year to ¥553.1 million, or ¥15.33 per share, from ¥506.1 million, or ¥14.06 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.