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Fujitsu fiscal Q3 profit climbs 113.6% YOY

Fujitsu Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, amounted to ¥10.90 per share, an increase of 113.6% from ¥5.10 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥22.55 billion, an increase of 113.6% from ¥10.56 billion in the year-earlier period.

The normalized profit margin rose to 2.0% from 0.9% in the year-earlier period.

Total revenue fell on an annual basis to ¥1.115 trillion from ¥1.167 trillion, and total operating expenses declined 6.5% from the prior-year period to ¥1.078 trillion from ¥1.153 trillion.

Reported net income rose 286.3% year over year to ¥20.37 billion, or ¥9.85 per share, from ¥5.27 billion, or ¥2.55 per share.

As of Feb. 3, US$1 was equivalent to ¥112.37.