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Fanuc fiscal Q3 profit falls YOY

Fanuc Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥156.20 per share, a decrease of 36.7% from ¥246.90 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.56 billion, a decrease of 36.7% from ¥48.31 billion in the prior-year period.

The normalized profit margin fell to 22.2% from 26.3% in the year-earlier period.

Total revenue decreased 25.0% year over year to ¥137.62 billion from ¥183.59 billion, and total operating expenses decreased 16.2% year over year to ¥92.13 billion from ¥110.00 billion.

Reported net income fell 35.7% year over year to ¥35.40 billion, or ¥180.94 per share, from ¥55.09 billion, or ¥281.55 per share.

As of Feb. 8, US$1 was equivalent to ¥115.75.