Fujitsu says first-half net loss shrinks to 97.6 mn

Oct 31, 2013

Japan's Fujitsu said Thursday it had reduced its net loss in the first half of its fiscal year largely thanks to the benefits of a weak yen.

The sprawling IT conglomerate said its shortfall came in at 9.63 billion ($97.6 million) for the six months to September, down from 14.41 billion yen a year earlier.

Sales rose 3.9 percent to 2.15 trillion yen as more than doubled to 10.8 billion yen, it said.

Net profit for the year to March would come in at 45 billion yen, it said.

Fujitsu said its gains were mainly the result of a sharp decline in the yen, which lifted it to a in the three months to September, offsetting lower sales of mobile phones.

Sales were up in its key car audio and navigation systems business in North America, it said.

The sprawling company has been overhauling a troubled semiconductor division, merging some of its chip business with that of rival Panasonic.

Explore further: Japan's NEC falls into red, hit by smartphone exit

add to favorites email to friend print save as pdf

Related Stories

Toshiba swings to profit as devices sell well

Jul 31, 2013

Japan's Toshiba on Wednesday reported $54 million in net profit for the April-June quarter, reversing a quarterly loss a year earlier, thanks to a weak yen and brisk sales of electronic devices.

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.

Fujitsu plunges into huge loss, eyes job cuts

Feb 07, 2013

Japan's Fujitsu said Thursday it lost almost $1.0 billion in the nine months to December and was looking into slashing 5,000 jobs worldwide as it struggles to compete with cheaper overseas competition.

Recommended for you

IBM posts lower 1Q earnings amid hardware slump

7 hours ago

IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.

New US-Spanish firm says targets rich mobile ad market

13 hours ago

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

Technip, Heerema win third giant Angolan oil contract

16 hours ago

The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

User comments : 0

More news stories

Simplicity is key to co-operative robots

A way of making hundreds—or even thousands—of tiny robots cluster to carry out tasks without using any memory or processing power has been developed by engineers at the University of Sheffield, UK.

Microsoft CEO is driving data-culture mindset

(Phys.org) —Microsoft's future strategy: is all about leveraging data, from different sources, coming together using one cohesive Microsoft architecture. Microsoft CEO Satya Nadella on Tuesday, both in ...

Floating nuclear plants could ride out tsunamis

When an earthquake and tsunami struck the Fukushima Daiichi nuclear plant complex in 2011, neither the quake nor the inundation caused the ensuing contamination. Rather, it was the aftereffects—specifically, ...

Patent talk: Google sharpens contact lens vision

(Phys.org) —A report from Patent Bolt brings us one step closer to what Google may have in mind in developing smart contact lenses. According to the discussion Google is interested in the concept of contact ...