Japan's Fujitsu sees post-quake profit growth

Jun 17, 2011

Japan's Fujitsu on Friday forecast net profit to rise 8.9 percent this year, expecting demand for IT products and services to recover after the March earthquake and tsunami.

Fujitsu, which provides and also makes computers and cellphones, predicted a net profit of 60 billion yen ($745 million) in the business year to March 2012.

It also forecast to rise 1.8 percent to 135 billion yen on sales of 4.6 trillion yen, up 1.6 percent.

Fujitsu in April reported its for the year ended in March fell 41 percent to 55 billion yen citing the quake's negative impact as well as weak spending on information technology.

The disaster forced Fujitsu to temporarily suspend several factories in affected regions in March, but all of them have since resumed operations at full output capacity.

Fujitsu expects to break even in the April-September first half of the current fiscal year but projected business would pick up in the second half.

"Thanks to growing sales, primarily in the services business outside of Japan, as well as a recovery demand-driven rebound in domestic ICT (information and communication technology) investments in the second half of the fiscal year, Fujitsu projects increased sales and income for the full year," it said in a statement.

Explore further: Hackerspaces used to turn ideas turn into reality

add to favorites email to friend print save as pdf

Related Stories

Fujitsu back in the black for fiscal year

Apr 30, 2010

Japan's Fujitsu, embroiled in a dispute with its former boss, announced a return to profit Friday after massive losses the previous year as cost-cutting measures offset a decline in sales.

Fujitsu 3Q net profit rises, cuts forecasts

Jan 28, 2011

Japanese IT giant Fujitsu said Friday its net profit for the October-December quarter quadrupled but warned that an uncertain outlook for capital expenditure forced it to lower full year forecasts.

Sharp annual profit more than quadruples

Apr 27, 2011

(AP) -- Sharp said its annual profit more than quadrupled due to brisk demand for liquid crystal display screens but warned the earthquake and tsunami that hit Japan last month will have a "broad" impact on its business.

Japan's Fujitsu sets sights on cloud computing

Jul 09, 2010

Japan's Fujitsu said Friday it aimed to generate 1.5 trillion yen (17 billion dollars) in revenue from its global cloud computing business by March 2016, making it a cornerstone of its strategy.

Sony rebounds to profit in April-June quarter

Jul 29, 2010

(AP) -- Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles, personal computers and televisions.

Recommended for you

Hackerspaces used to turn ideas turn into reality

5 hours ago

At HeatSync Labs, the tables are littered with computer chips, pens, pads and tools while the room is abuzz with the chatter of would-be inventors hoping to change the world—or just make cool things. They are part of a ...

China Telecom profit rises as mobile data grows

5 hours ago

China Telecom Ltd., one of the country's three main state-owned carriers, said Wednesday its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.

Snapchat valued at $10 bln

6 hours ago

US media on Tuesday reported that Snapchat was valued at $10 billion based on funding pumped into the startup by a powerhouse Silicon Valley venture capital firm.

User comments : 0