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Fuji Corp. fiscal Q1 profit climbs 10.5% YOY

Fuji Corp. said its normalized net income for the fiscal first quarter ended Jan. 31 amounted to ¥98.50 per share, a gain of 10.5% from ¥89.13 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥926.3 million, an increase of 10.5% from ¥838.1 million in the year-earlier period.

The normalized profit margin rose to 9.2% from 9.1% in the year-earlier period.

Total revenue grew 9.8% year over year to ¥10.10 billion from ¥9.20 billion, and total operating expenses rose 10.3% year over year to ¥8.68 billion from ¥7.87 billion.

Reported net income grew 16.1% on an annual basis to ¥939.0 million, or ¥99.85 per share, from ¥809.0 million, or ¥86.03 per share.

As of March 17, US$1 was equivalent to ¥121.28.