Home / Knowledge / News / Information Technology / Fujitsu Q1 FY'14 sales up 4.4%
Fujitsu Q1 FY'14 sales up 4.4%
30
Jul '13
Fujitsu reported a consolidated net loss of 21.9 billion yen (US$221 million), representing an improvement of 3.5 billion yen compared to the loss posted in the first quarter of fiscal 2012.

The operating loss was an improvement over April projections. Fujitsu is keeping the full-year projections unchanged.

Net sales were 999.2 billion yen (US$10,093 million) for the first quarter of fiscal 2013, an increase of 4.4% from the first quarter of fiscal 2012. Sales in Japan declined by 5.7%. Sales of system integration services rose, but mobile phone and PC sales declined. Sales outside Japan rose 22.8%.

On a constant currency basis, sales rose by 3%. Sales increased largely because of a recovery in demand for optical transmission systems in North America, as well as higher sales of LSI devices and electronic components. The impact of foreign exchange fluctuations for the first quarter was to increase net sales by approximately 65.0 billion yen.

Gross profit was 259.6 billion yen, an increase of 8.9 billion yen from the first quarter of fiscal 2012. Selling, general and administrative expenses were 282.4 billion yen, an increase of 5.0 billion yen from the first quarter of fiscal 2012, primarily as a result of yen depreciation.

Fujitsu recorded an operating loss of 22.8 billion yen (US$230 million), an improvement of 3.9 billion yen from last fiscal year's first quarter.

"We are beginning to see a positive impact of structural reforms in the LSI business and businesses outside Japan as well as various workforce-related measures and progress in streamlining corporate headquarter functions," commented Masami Yamamoto, President of Fujitsu Limited. "We will continue to pursue aggressive structural reforms to achieve profitable growth for this fiscal year and years forward."

The Fujitsu Group's consolidated subsidiaries outside of Japan, which have adopted International Financial Reporting Standards (IFRS), have also adopted the amended IAS 19 Employee Benefits.

As a result, for comparison figures, we have retroactively revised the financial statement figures stated for fiscal 2012. Compared to the amounts prior to the retroactive application, the amounts in the first quarter of fiscal 2012 for operating income, income before income taxes and minority interests, and net income have all been reduced by 1696 million yen.

Fujitsu


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X