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Fujita fiscal Q3 profit climbs 50.0% YOY

Fujita Corp. Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥3.87 per share, a gain from 94 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.8 million, an increase of 50.0% from ¥2.5 million in the year-earlier period.

The normalized profit margin increased to 0.3% from 0.2% in the year-earlier period.

Total revenue declined 13.7% on an annual basis to ¥1.41 billion from ¥1.64 billion, and total operating expenses fell 13.3% on an annual basis to ¥1.40 billion from ¥1.61 billion.

Reported net income came to a loss of ¥7.0 million, or a loss of ¥7.23 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.