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FUJIFILM Holdings fiscal Q3 profit climbs 24.3% YOY

FUJIFILM Holdings Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, amounted to ¥80.85 per share, a gain of 30.1% from ¥62.16 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥35.65 billion, a gain of 24.3% from ¥28.69 billion in the year-earlier period.

The normalized profit margin climbed to 6.2% from 4.7% in the year-earlier period.

Total revenue fell 5.0% year over year to ¥578.64 billion from ¥609.34 billion, and total operating expenses decreased 5.5% on an annual basis to ¥527.68 billion from ¥558.45 billion.

Reported net income rose 15.9% year over year to ¥43.38 billion, or ¥98.38 per share, from ¥37.44 billion, or ¥77.68 per share.

As of Feb. 13, US$1 was equivalent to ¥113.90.