Japan's Fujitsu hit by third-quarter loss

Jan 31, 2012

Japanese high-tech giant Fujitsu plunged into a net loss for the three months to December, it said Tuesday, as it slashed its full-year sales and profit forecast.

The firm, which provides and makes computers and cellphones, booked a net loss of 4.3 billion yen ($56 million) in the fiscal third quarter, sharply down from a 16.5 billion yen profit a year earlier.

Operating profit slumped to 3.1 billion yen from 21.2 billion on sales of 1.08 trillion yen, down 1.5 percent.

The slump was mainly due to a strong yen, stagnant , restructuring costs and the impact of flooding in Thailand, it said, adding that concerns over the European also affected businesses overseas.

Fujitsu said it revised downward its net profit forecast from 60 billion yen to 35 billion yen for the year to March.

Full-year operating profit is now seen at 100 billion yen, down from 135 billion yen, while projected sales are downgraded to 4.49 trillion yen from 4.54 trillion yen.

Explore further: EU says Ireland grants Apple illegal tax benefits

add to favorites email to friend print save as pdf

Related Stories

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 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.

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.

NEC sees losses triple

Jan 27, 2011

Japan's NEC said Thursday its net loss in the October-December quarter almost tripled from a year earlier, blaming a delay in the recovery of IT-related capital investment in the country.

Recommended for you

Canada demands Google, Netflix data, sets deadline

3 hours ago

Canada's broadcast regulator on Monday gave American companies Google and Netflix a three-day deadline to turn over subscriber data or have their testimony expunged from a major public hearing, media reported.

Lenovo looks to expand after IBM acquisition

Sep 29, 2014

Lenovo Group has received U.S. and European approval to complete its acquisition of IBM Corp.'s low-end server business and plans to use it to grow faster outside its personal computer business, Lenovo's ...

Tech-friendly cities struggle with new biz rules (Update)

Sep 28, 2014

A renowned technology hub that is home to some of the country's top universities, Boston is emerging as an unlikely battleground for web-based businesses like Airbnb and Uber, with some saying more regulations ...

User comments : 0