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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, 2016, amounted to ¥155.44 per share, a decline of 37.4% from ¥248.13 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥33.07 billion, a decline of 37.0% from ¥52.53 billion in the year-earlier period.

The normalized profit margin declined to 10.9% from 15.5% in the year-earlier period.

Total revenue decreased 10.5% year over year to ¥304.01 billion from ¥339.68 billion, and total operating expenses decreased year over year to ¥247.96 billion from ¥256.40 billion.

Reported net income fell 30.4% year over year to ¥42.29 billion, or ¥198.77 per share, from ¥60.77 billion, or ¥287.03 per share.

As of Feb. 13, US$1 was equivalent to ¥113.90.