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Fujita fiscal Q1 profit falls YOY

Fujita Corp. Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥8.91 per share, a decrease of 15.3% from ¥10.51 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.8 million, a decrease of 6.7% from ¥9.4 million in the year-earlier period.

The normalized profit margin climbed to 0.7% from 0.7% in the year-earlier period.

Total revenue fell 12.4% on an annual basis to ¥1.26 billion from ¥1.44 billion, and total operating expenses fell 12.1% on an annual basis to ¥1.24 billion from ¥1.41 billion.

Reported net income came to ¥8.0 million, or ¥8.15 per share, compared to a loss of ¥20.0 million, or a loss of ¥22.43 per share, in the year-earlier period.

As of Aug. 10, US$1 was equivalent to ¥124.53.