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: Venture investments jump to $9.5B in 1Q

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

US venture investments highest since 2001 (Update)

23 hours ago

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

Weibo IPO below expectations, raises $285.6 mn

Apr 17, 2014

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

User comments : 0

More news stories

Researchers uncover likely creator of Bitcoin

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

LinkedIn membership hits 300 million

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

Impact glass stores biodata for millions of years

(Phys.org) —Bits of plant life encapsulated in molten glass by asteroid and comet impacts millions of years ago give geologists information about climate and life forms on the ancient Earth. Scientists ...