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Murata Manufacturing fiscal Q2 profit climbs 34.1% YOY

Murata Manufacturing Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥172.50 per share, a gain of 33.8% from ¥128.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥36.52 billion, an increase of 34.1% from ¥27.24 billion in the year-earlier period.

The normalized profit margin increased to 14.1% from 12.3% in the year-earlier period.

Total revenue climbed 16.7% year over year to ¥258.60 billion from ¥221.55 billion, and total operating expenses climbed 15.2% on an annual basis to ¥206.34 billion from ¥179.07 billion.

Reported net income increased 37.9% year over year to ¥41.59 billion, or ¥196.44 per share, from ¥30.17 billion, or ¥142.78 per share.

As of Nov. 12, US$1 was equivalent to ¥115.15.