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Fuji Co. fiscal Q2 profit falls YOY

Fuji Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥19.11 per share, a decline of 28.3% from ¥26.64 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥674.1 million, a decline of 28.3% from ¥940.0 million in the prior-year period.

The normalized profit margin fell to 0.9% from 1.2% in the year-earlier period.

Total revenue decreased on an annual basis to ¥78.22 billion from ¥79.57 billion, and total operating expenses declined year over year to ¥77.36 billion from ¥78.15 billion.

Reported net income increased 22.4% year over year to ¥645.0 million, or ¥18.28 per share, from ¥527.0 million, or ¥14.94 per share.

As of Oct. 10, US$1 was equivalent to ¥107.98.