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Fuji Corp. fiscal Q1 loss widens YOY

Fuji Corp. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of ¥69.74 per share, compared with a loss of ¥34.87 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥65.0 million, compared with a loss of ¥32.5 million in the prior-year period.

The normalized profit margin fell to negative 3.0% from negative 1.6% in the year-earlier period.

Total revenue increased year over year to ¥2.16 billion from ¥2.10 billion, and total operating expenses grew year over year to ¥2.26 billion from ¥2.18 billion.

Reported net income came to a loss of ¥44.0 million, or a loss of ¥47.21 per share, compared to a loss of ¥55.0 million, or a loss of ¥59.01 per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to ¥102.19.