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Fujitsu General fiscal Q3 profit climbs 48.4% YOY

Fujitsu General Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥41.02 per share, an increase of 48.4% from ¥27.64 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.29 billion, a gain of 48.4% from ¥2.89 billion in the prior-year period.

The normalized profit margin increased to 7.4% from 6.0% in the year-earlier period.

Total revenue rose 20.3% on an annual basis to ¥57.88 billion from ¥48.09 billion, and total operating expenses climbed 20.1% year over year to ¥52.40 billion from ¥43.63 billion.

Reported net income increased 24.7% year over year to ¥4.19 billion, or ¥40.00 per share, from ¥3.36 billion, or ¥32.09 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.