Fuji Corp. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥12.22 per share, a decrease of 42.7% from ¥21.32 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥440.6 million, a decrease of 42.4% from ¥765.0 million in the prior-year period.
The normalized profit margin dropped to 2.6% from 3.9% in the year-earlier period.
Total revenue declined 13.2% year over year to ¥16.95 billion from ¥19.54 billion, and total operating expenses declined 11.3% from the prior-year period to ¥16.23 billion from ¥18.30 billion.
Reported net income fell 34.4% from the prior-year period to ¥492.0 million, or ¥13.64 per share, from ¥749.8 million, or ¥20.90 per share.
As of Aug. 8, US$1 was equivalent to ¥101.85.
