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Fujitsu General fiscal Q4 profit climbs YOY

Fujitsu General Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥65.13 per share, an increase from ¥62.91 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥6.82 billion, a gain from ¥6.58 billion in the year-earlier period.

The normalized profit margin declined to 6.8% from 8.0% in the year-earlier period.

Total revenue grew 21.6% on an annual basis to ¥100.56 billion from ¥82.68 billion, and total operating expenses increased 23.0% year over year to ¥88.16 billion from ¥71.66 billion.

Reported net income grew 6.1% from the prior-year period to ¥7.24 billion, or ¥69.20 per share, from ¥6.82 billion, or ¥65.20 per share.

For the year, the company's normalized net income totaled ¥161.04 per share, an increase of 39.8% from ¥115.18 per share in the prior year.

Normalized net income was ¥16.85 billion, a gain of 36.9% from ¥12.31 billion in the prior year.

Full-year total revenue increased 13.8% year over year to ¥274.81 billion from ¥241.44 billion, and total operating expenses rose 12.2% year over year to ¥247.67 billion from ¥220.74 billion.

The company said reported net income grew 34.6% year over year to ¥17.81 billion, or ¥170.19 per share, in the full year, from ¥13.23 billion, or ¥123.79 per share.

As of June 24, US$1 was equivalent to ¥124.31.