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Fuji Corp. fiscal Q4 profit falls YOY

Fuji Corp. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥30.20 per share, a decrease of 57.9% from ¥71.75 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥28.1 million, a decrease of 57.9% from ¥66.9 million in the prior-year period.

The normalized profit margin dropped to 1.2% from 2.7% in the year-earlier period.

Total revenue declined year over year to ¥2.35 billion from ¥2.43 billion, and total operating expenses came to ¥2.37 billion, compared with ¥2.37 billion in the prior-year period.

Reported net income decreased 77.4% on an annual basis to ¥12.0 million, or ¥12.89 per share, from ¥53.0 million, or ¥56.87 per share.

For the year, the company's normalized net income totaled ¥53.66 per share, a fall of 48.0% from ¥103.27 per share in the prior year.

Normalized net income was ¥50.0 million, a decrease of 48.1% from ¥96.3 million in the prior year.

Full-year total revenue amounted to ¥9.39 billion, compared with ¥9.35 billion in the prior year, and total operating expenses rose on an annual basis to ¥9.50 billion from ¥9.33 billion.

The company said reported net income declined 67.6% on an annual basis to ¥12.0 million, or ¥12.88 per share, in the full year, from ¥37.0 million, or ¥39.70 per share.

As of June 29, US$1 was equivalent to ¥122.67.