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Fujitsu fiscal Q4 profit climbs 50.7% YOY

Fujitsu Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥34.04 per share, an increase of 50.7% from ¥22.58 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥70.42 billion, a gain of 50.7% from ¥46.72 billion in the prior-year period.

The normalized profit margin climbed to 5.1% from 3.3% in the year-earlier period.

Total revenue decreased year over year to ¥1.389 trillion from ¥1.410 trillion, and total operating expenses decreased on an annual basis to ¥1.276 trillion from ¥1.305 trillion.

Reported net income grew 81.6% year over year to ¥88.25 billion, or ¥42.65 per share, from ¥48.60 billion, or ¥22.33 per share.

For the year, the company's normalized net income totaled ¥58.07 per share, compared to EPS of ¥33.52 in the prior year.

Normalized net income was ¥120.15 billion, an increase from ¥69.36 billion in the prior year.

Full-year total revenue totaled ¥4.753 trillion, compared with ¥4.762 trillion in the prior year, and total operating expenses totaled ¥4.575 trillion, compared with ¥4.620 trillion in the prior-year period.

The company said reported net income increased 188.0% on an annual basis to ¥139.95 billion, or ¥67.64 per share, in the full year, from ¥48.60 billion, or ¥23.49 per share.

As of June 22, US$1 was equivalent to ¥123.23.