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Fujitsu fiscal Q2 profit climbs 46.5% YOY

Fujitsu Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥15.09 per share, a gain of 47.8% from ¥10.21 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥30.95 billion, a gain of 46.5% from ¥21.12 billion in the prior-year period.

The normalized profit margin climbed to 3.1% from 1.9% in the year-earlier period.

Total revenue decreased 8.9% year over year to ¥1.001 trillion from ¥1.099 trillion, and total operating expenses fell 7.9% from the prior-year period to ¥977.55 billion from ¥1.061 trillion.

Reported net income grew 62.5% year over year to ¥42.11 billion, or ¥20.54 per share, from ¥25.91 billion, or ¥12.52 per share.

As of Nov. 1, US$1 was equivalent to ¥114.04.