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Fuji Corp. fiscal Q2 profit falls YOY

Fuji Corp. said its normalized net income for the fiscal second quarter ended April 30 was ¥28.78 per share, a decline of 5.5% from ¥30.44 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥270.6 million, a decrease of 5.5% from ¥286.3 million in the prior-year period.

The normalized profit margin declined to 4.0% from 4.2% in the year-earlier period.

Total revenue came to ¥6.71 billion, compared with ¥6.76 billion in the year-earlier period, and total operating expenses came to ¥6.30 billion, compared with ¥6.32 billion in the year-earlier period.

Reported net income fell 5.9% year over year to ¥253.0 million, or ¥26.90 per share, from ¥269.0 million, or ¥28.61 per share.

As of June 12, US$1 was equivalent to ¥123.29.