Fujitsu's business outlook brightens

Fujitsu has raised its first-half financial outlook on strong demand for several key products.

Healthy demand for cellular equipment and other key products should help Fujitsu achieve better than expected financial results in the first six months of its fiscal year, it said Wednesday.

The Tokyo company, which is due to report first quarter earnings on Thursday, said it expects to lose YEN 15 billion (AU$175.6 million) on a company-wide basis in the period from April to September. That's half as much as it had previously forecast it would lose. Its net sales forecast for the period remained unchanged, at YEN 2.2 trillion.

While the recovery in IT spending in Japan has been "patchy at best" and investment has yet to return to levels previously seen, several of Fujitsu's businesses are experiencing strong demand, the company said in a statement. They include sales of cell phone-related equipment in Japan, optical transmission systems in North America, and hard-disk drives, it said.

Those factors, plus gains expected from the weaker Japanese yen and the settlement of litigation relating to hard-disk drives, led to the revisions, it said.

Despite the brighter outlook, the loss would still be bigger than Fujitsu reported during the April to September period of 2004, when its net loss was YEN 8.1 billion and net sales were YEN 2.22 trillion.

The company did not change its full-year forecast, which calls for a net profit of YEN 50 billion and net sales of YEN 4.85 trillion, up 57 percent and 2 percent on last year, respectively. It cited an expected delay in the recovery of the semiconductor market and other unspecified uncertainties in the second half as reason for not changing the full-year outlook.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Essentials

James Cook University - Master of Data Science Online Course

Learn more >

Mobile

Victorinox Werks Professional Executive 17 Laptop Case

Learn more >

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?