;
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

No tax on cotton fabric import from India to Vietnam soon

Textiles | On 9th Dec 2018

No tax on cotton fabric import from India to Vietnam soon

Under the free trade agreement between India and the Association of...

Courtesy: Businesswire

Textiles | On 9th Dec 2018

Endy being taken over by Sleep Country

Endy, Canada’s leading online mattress brand, is being taken over by...

Courtesy: Polartec

Textiles | On 9th Dec 2018

Polartec working with online retailer Backcountry

Polartec, the premium provider of innovative and sustainable textile...

Interviews View All

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

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

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search