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Fujitsu fiscal Q2 profit falls YOY

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Fujitsu fiscal Q2 profit falls YOY

Fujitsu Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥4.42 per share, a decrease of 51.0% from ¥9.02 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥9.15 billion, a decline of 51.0% from ¥18.67 billion in the prior-year period.

The normalized profit margin declined to 0.8% from 1.7% in the year-earlier period.

Total revenue climbed year over year to ¥1.176 trillion from ¥1.124 trillion, and total operating expenses grew 5.7% year over year to ¥1.161 trillion from ¥1.099 trillion.

Reported net income fell 82.9% year over year to ¥2.94 billion, or ¥1.42 per share, from ¥17.21 billion, or ¥8.32 per share.

As of Nov. 6, US$1 was equivalent to ¥123.17.