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Fuji Shoji swings to profit in fiscal Q3

Fuji Shoji Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥91.31 per share, compared with a loss of ¥12.16 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.23 billion, compared with a loss of ¥901.9 million in the year-earlier period.

The normalized profit margin rose to 13.4% from negative 19.6% in the year-earlier period.

Total revenue climbed on an annual basis to ¥16.66 billion from ¥4.59 billion, and total operating expenses climbed on an annual basis to ¥13.12 billion from ¥6.05 billion.

Reported net income totaled ¥2.21 billion, or ¥90.80 per share, compared to a loss of ¥637.0 million, or a loss of ¥8.59 per share, in the prior-year period.

As of Feb. 6, US$1 was equivalent to ¥119.01.