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FUJIFILM Holdings fiscal Q1 profit climbs 181.1% YOY

FUJIFILM Holdings Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥73.58 per share, a gain of 189.2% from ¥25.44 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥32.33 billion, an increase of 181.1% from ¥11.50 billion in the year-earlier period.

The normalized profit margin increased to 5.7% from 2.1% in the year-earlier period.

Total revenue increased year over year to ¥571.49 billion from ¥545.85 billion, and total operating expenses grew year over year to ¥535.65 billion from ¥516.35 billion.

Reported net income grew 292.8% year over year to ¥43.80 billion, or ¥99.70 per share, from ¥11.15 billion, or ¥24.67 per share.

As of Aug. 14, US$1 was equivalent to ¥109.45.