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Fujitsu fiscal Q3 profit falls YOY

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Fujitsu fiscal Q3 profit falls YOY

Fujitsu Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥5.10 per share, a decline of 55.6% from ¥11.49 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.56 billion, a decline of 55.6% from ¥23.78 billion in the year-earlier period.

The normalized profit margin fell to 0.9% from 2.0% in the year-earlier period.

Total revenue came to ¥1.167 trillion, compared with ¥1.172 trillion in the year-earlier period, and total operating expenses climbed on an annual basis to ¥1.153 trillion from ¥1.138 trillion.

Reported net income declined 80.9% from the prior-year period to ¥5.27 billion, or ¥2.55 per share, from ¥27.60 billion, or ¥13.34 per share.

As of Feb. 3, US$1 was equivalent to ¥118.06.