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Fujix swings to profit in fiscal Q2

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Fujix swings to profit in fiscal Q2

Fujix Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥1.63 per share, compared with a loss of ¥39.01 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.3 million, compared with a loss of ¥53.8 million in the year-earlier period.

The normalized profit margin increased to 0.1% from negative 3.1% in the year-earlier period.

Total revenue rose 8.2% year over year to ¥1.86 billion from ¥1.72 billion, and total operating expenses rose 7.6% year over year to ¥1.88 billion from ¥1.75 billion.

Reported net income came to a loss of ¥6.0 million, or a loss of ¥4.36 per share, compared to income of ¥42.0 million, or ¥30.48 per share, in the year-earlier period.

As of Nov. 13, US$1 was equivalent to ¥122.78.