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Fujikura Rubber fiscal Q3 profit falls YOY

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Fujikura Rubber fiscal Q3 profit falls YOY

Fujikura Rubber Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥13.60 per share, a decline of 39.8% from ¥22.58 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥318.1 million, a decline of 30.9% from ¥460.6 million in the prior-year period.

The normalized profit margin dropped to 4.0% from 6.6% in the year-earlier period.

Total revenue climbed 12.3% year over year to ¥7.88 billion from ¥7.02 billion, and total operating expenses climbed 13.4% on an annual basis to ¥7.53 billion from ¥6.64 billion.

Reported net income declined 18.0% on an annual basis to ¥401.0 million, or ¥17.14 per share, from ¥489.0 million, or ¥23.98 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.