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Murata Manufacturing fiscal Q3 profit falls YOY

Murata Manufacturing Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was ¥248.13 per share, a decline from ¥255.33 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥52.53 billion, a decrease from ¥54.06 billion in the prior-year period.

The normalized profit margin fell to 15.5% from 18.0% in the year-earlier period.

Total revenue climbed 12.8% year over year to ¥339.68 billion from ¥301.13 billion, and total operating expenses climbed 11.9% on an annual basis to ¥256.40 billion from ¥229.17 billion.

Reported net income fell from the prior-year period to ¥60.77 billion, or ¥287.03 per share, from ¥62.69 billion, or ¥296.12 per share.

As of Feb. 9, US$1 was equivalent to ¥114.79.