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Murata Manufacturing fiscal Q2 profit climbs 55.1% YOY

Murata Manufacturing Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥267.53 per share, a gain of 55.1% from ¥172.50 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥56.64 billion, a gain of 55.1% from ¥36.52 billion in the prior-year period.

The normalized profit margin rose to 17.2% from 14.1% in the year-earlier period.

Total revenue rose 27.2% on an annual basis to ¥328.98 billion from ¥258.60 billion, and total operating expenses climbed 16.7% on an annual basis to ¥240.79 billion from ¥206.34 billion.

Reported net income rose 65.5% from the prior-year period to ¥68.81 billion, or ¥325.01 per share, from ¥41.59 billion, or ¥196.44 per share.

As of Nov. 12, US$1 was equivalent to ¥122.92.