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Fuji Nihon Seito fiscal Q3 profit climbs 11.2% YOY

Fuji Nihon Seito Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥8.72 per share, a gain of 11.3% from ¥7.84 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥234.3 million, an increase of 11.2% from ¥210.6 million in the year-earlier period.

The normalized profit margin rose to 4.9% from 4.0% in the year-earlier period.

Total revenue decreased 8.4% year over year to ¥4.80 billion from ¥5.24 billion, and total operating expenses declined 10.1% on an annual basis to ¥4.47 billion from ¥4.97 billion.

Reported net income rose 34.6% from the prior-year period to ¥249.0 million, or ¥9.27 per share, from ¥185.0 million, or ¥6.88 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.