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Fujitsu fiscal Q3 profit climbs 27.4% YOY

Fujitsu Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥11.49 per share, an increase of 27.4% from ¥9.02 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.78 billion, an increase of 27.4% from ¥18.66 billion in the year-earlier period.

The normalized profit margin increased to 2.0% from 1.6% in the year-earlier period.

Total revenue declined year over year to ¥1.172 trillion from ¥1.201 trillion, and total operating expenses decreased on an annual basis to ¥1.138 trillion from ¥1.175 trillion.

Reported net income increased 229,536.4% from the prior-year period to ¥27.60 billion, or ¥13.34 per share, from ¥12.0 million, or 1 sen per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.