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Fujita fiscal Q4 profit climbs 13.3% YOY

Fujita Corp. Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥21.65 per share, a gain from ¥21.03 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥21.3 million, an increase of 13.3% from ¥18.8 million in the prior-year period.

The normalized profit margin increased to 1.5% from 1.2% in the year-earlier period.

Total revenue decreased 8.7% year over year to ¥1.39 billion from ¥1.52 billion, and total operating expenses declined 9.5% year over year to ¥1.33 billion from ¥1.47 billion.

Reported net income came to a loss of ¥106.0 million, or a loss of ¥108.01 per share, compared to a loss of ¥306.0 million, or a loss of ¥343.20 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥33.24 per share, compared with a loss of ¥2.10 per share in the prior year.

Normalized net income was ¥31.3 million, compared with a loss of ¥1.9 million in the prior year.

Full-year total revenue declined 11.6% on an annual basis to ¥5.64 billion from ¥6.38 billion, and total operating expenses declined 12.2% on an annual basis to ¥5.53 billion from ¥6.30 billion.

The company said reported net income came to a loss of ¥145.0 million, or a loss of ¥154.22 per share, in the full year, compared with a loss of ¥350.0 million, or a loss of ¥392.55 per share, the prior year.

As of June 26, US$1 was equivalent to ¥123.96.