Home / Knowledge / News / Information Technology / FY'13 sales marginally down at Fujitsu
FY'13 sales marginally down at Fujitsu
01
May '13
Fujitsu reported a consolidated net loss of 72.9 billion yen (US$776 million) for the full year of fiscal 2012, a year-on-year deterioration of 115.6 billion yen, primarily as a result of extraordinary loss stemming from the LSI device business. This was 22.0 billion yen less than the Company's consolidated projections announced in February 2013.

Full-year consolidated net sales totaled 4,381.7 billion yen (US$46,614 million), a year-on-year decline of 1.9%. Sales in Japan fell by 2.6% primarily as a result of a decline in sales of hardware such as PCs, mobile phones, LSI devices and electronic components. Sales outside of Japan were essentially unchanged from the previous fiscal year.

Gross profit was 1,203.7 billion yen, down 31.6 billion yen from fiscal 2011, attributable to lower sales of PCs, mobile phones and LSI devices. Selling, general and administrative expenses were 1,108.4 billion yen, a decline of 21.6 billion yen from fiscal 2011 resulting from efforts across the Group to generate cost efficiencies. As a result, operating income was 95.2 billion yen (US$1,013 million), a decline of 10.0 billion yen from the previous fiscal year.

In other income and expenses, Fujitsu recorded a loss of 140.3 billion yen, representing a deterioration of 101.8 billion yen from fiscal 2011.

The loss of 140.3 billion yen includes 116.2 billion yen in restructuring expenses stemming from 90.3 billion yen for the LSI business, 20.0 billion yen for business outside Japan, and 5.8 billion yen for others. Restructuring expenses for the LSI devices business consist of losses mainly relating to the transfer of production facilities and expenses related to personnel rationalization.

The restructuring expenses for business outside Japan consist of personnel-related expenses, primarily for the European subsidiary Fujitsu Technology Solutions (Holding) B.V. (FTS). Other restructuring expenses include the losses mainly on personnel-related rationalization expenses at managerial levels.

Fujitsu also posted an impairment loss of 34.2 billion yen mainly on the unamortized balance of the goodwill recorded at the time of acquisition of FTS.

"In the fourth quarter we saw solid performance in Technology Solutions both in and outside Japan. On the other hand, the device business and Ubiquitous Solutions have deteriorated significantly. As a result, we were unable to meet the operating income target revised at the end of the second quarter," commented Fujitsu's President Masami Yamamoto.

"In order to achieve stable profit, we are shifting resources into growth fields under the structural reform measures announced in February 2013. In fiscal 2015, Fujitsu aims to generate operating income of at least 200.0 billion yen, net income of 100.0 billion yen or above, and free cash flow of at least 100.0 billion yen."

Fujitsu

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search