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Murata Manufacturing fiscal Q2 profit climbs 13.3% YOY

Murata Manufacturing Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥198.12 per share, an increase of 13.3% from ¥174.89 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥42.15 billion, an increase of 13.3% from ¥37.21 billion in the year-earlier period.

The normalized profit margin declined to 12.2% from 12.4% in the year-earlier period.

Total revenue increased 14.5% year over year to ¥344.66 billion from ¥301.00 billion, and total operating expenses grew 18.6% from the prior-year period to ¥286.04 billion from ¥241.19 billion.

Reported net income rose 23.2% from the prior-year period to ¥57.94 billion, or ¥272.33 per share, from ¥47.03 billion, or ¥221.05 per share.

As of Nov. 10, US$1 was equivalent to ¥113.32.