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Fujitsu General fiscal Q1 profit climbs 98.0% YOY

Fujitsu General Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥35.04 per share, an increase from ¥16.98 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.67 billion, a gain of 98.0% from ¥1.85 billion in the prior-year period.

The normalized profit margin climbed to 6.7% from 3.7% in the year-earlier period.

Total revenue increased 10.8% year over year to ¥55.10 billion from ¥49.71 billion, and total operating expenses increased 5.5% year over year to ¥49.13 billion from ¥46.57 billion.

Reported net income grew 99.5% year over year to ¥4.05 billion, or ¥38.66 per share, from ¥2.03 billion, or ¥18.60 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.