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Fujix swings to profit in fiscal Q1

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Fujix swings to profit in fiscal Q1

Fujix Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥20.69 per share, compared with a loss of ¥14.24 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥28.5 million, compared with a loss of ¥19.6 million in the prior-year period.

The normalized profit margin increased to 1.7% from negative 1.2% in the year-earlier period.

Total revenue climbed on an annual basis to ¥1.68 billion from ¥1.64 billion, and total operating expenses totaled ¥1.62 billion, compared with ¥1.62 billion in the prior-year period.

Reported net income fell 43.9% from the prior-year period to ¥46.0 million, or ¥33.39 per share, from ¥82.0 million, or ¥59.52 per share.

As of Aug. 12, US$1 was equivalent to ¥123.89.