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Fujitsu General fiscal Q4 profit falls YOY

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Fujitsu General fiscal Q4 profit falls YOY

Fujitsu General Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥55.22 per share, a decline of 15.2% from ¥65.13 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.78 billion, a decrease of 15.2% from ¥6.82 billion in the year-earlier period.

The normalized profit margin rose to 6.9% from 6.8% in the year-earlier period.

Total revenue fell 16.4% year over year to ¥84.06 billion from ¥100.56 billion, and total operating expenses declined 17.0% year over year to ¥73.17 billion from ¥88.16 billion.

Reported net income fell 14.0% from the prior-year period to ¥6.23 billion, or ¥59.52 per share, from ¥7.24 billion, or ¥69.20 per share.

For the year, the company's normalized net income totaled ¥149.00 per share, a decline of 7.5% from ¥161.04 per share in the prior year.

Normalized net income was ¥15.59 billion, a decline of 7.5% from ¥16.85 billion in the prior year.

Full-year total revenue increased year over year to ¥280.98 billion from ¥274.81 billion, and total operating expenses rose on an annual basis to ¥253.46 billion from ¥247.67 billion.

The company said reported net income fell year over year to ¥17.53 billion, or ¥167.54 per share, in the full year, from ¥17.81 billion, or ¥170.19 per share.

As of June 27, US$1 was equivalent to ¥101.69.