Net sales for the second quarter of fiscal 2013 were 1,152.3 billion yen (US$11,758 million), an increase of 3.4% from the same period of fiscal 2012, mainly as a result of foreign exchange fluctuations. Sales in Japan declined by 6.7%.
Sales in system integration services grew, although sales of mobile phones declined. Sales outside of Japan rose 25.1%. Excluding the impact of foreign exchange fluctuations, sales rose by 2%. Sales of optical transmission systems and car audio and navigation systems in North America increased, as did LSI devices and electronic components.
Fujitsu recorded an operating income of 33.6 billion yen (US$343 million), an improvement of 2.5 billion yen from the previous fiscal year's second quarter. While there was the adverse impact stemming from lower sales of mobile phones, the improvement was primarily due to the impact of workforce-related measures and structural reforms in LSI devices business and businesses outside Japan.
There was a loss of 4.8 billion yen in other income and expenses, essentially unchanged from the previous fiscal year. The company posted 3.8 billion yen in other expenses, comprised of personnel-related expenses, primarily in its businesses outside Japan, and restructuring expenses for its LSI device business. On the other hand, there were improvements in foreign currency translation adjustment and other items.
"I am pleased to announce that we were able to beat the operating income target for the first half of fiscal 2013," commented Masami Yamamoto, President of Fujitsu Limited. "We saw solid contributions from structural reforms in the LSI devices business and businesses outside Japan as well as workforce-related measures. We will continue to pursue these initiatives for further profitable growth going forward."
Click here to read full results
Textiles | On 22nd May 2017
Goods and Services Tax (GST) which is near a roll-out would be the...
Textiles | On 22nd May 2017
The US must remain a participant in a vibrant North American Free...
Apparel/Garments | On 22nd May 2017
The National Retail Federation has asked US Congress to focus on...
Mangalam Industries Pvt Ltd
‘The manufacturing sector is improving day-by-day, becoming better in...
Vidhyaa Shankar. S
A Ganapathi Chettiar
'The usage of knits is getting into the boundaries of woven fabrics'
‘One of the recent trends in hand block printing is the indigo process,...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Coating at a fibre level is a practice not usually seen in the...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...
Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...
Information Technology | On 18th May 2017