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Fujita fiscal Q3 profit climbs YOY

Fujita Corp. Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥12.64 per share, a gain from ¥3.87 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥12.5 million, a gain from ¥3.8 million in the year-earlier period.

The normalized profit margin rose to 1.0% from 0.3% in the year-earlier period.

Total revenue fell 8.7% year over year to ¥1.29 billion from ¥1.41 billion, and total operating expenses decreased 9.9% on an annual basis to ¥1.26 billion from ¥1.40 billion.

Reported net income came to ¥14.0 million, or ¥14.16 per share, compared to a loss of ¥7.0 million, or a loss of ¥7.23 per share, in the year-earlier period.

As of Feb. 8, US$1 was equivalent to ¥115.75.