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Fuji Oozx fiscal Q1 profit climbs 18.3% YOY

Fuji Oozx Inc. said its normalized net income for the fiscal first quarter ended June 30 was ¥123.50 per share, a gain of 18.3% from ¥104.40 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥253.8 million, an increase of 18.3% from ¥214.5 million in the prior-year period.

The normalized profit margin increased to 6.2% from 5.3% in the year-earlier period.

Total revenue increased on an annual basis to ¥4.10 billion from ¥4.04 billion, and total operating expenses came to ¥3.78 billion, compared with ¥3.75 billion in the prior-year period.

Reported net income grew 14.7% year over year to ¥265.0 million, or ¥128.98 per share, from ¥231.0 million, or ¥112.43 per share.

As of Aug. 7, US$1 was equivalent to ¥124.28.