Tokyo, Jan 31, 2012 - (JCN Newswire) - Fujitsu announced today that it has revised its consolidated earnings projections for fiscal 2011 (April 1, 2011 - March 31, 2012), previously announced October 26, 2011.
1. Revised Earnings Projections
Revised Projections for Fiscal 2011 (April 1, 2011 - March 31, 2012)
Net sales projections have been revised downward by 50.0 billion yen to 4,490.0 billion yen. Sales of PCs, car audio and navigation systems, and LSI devices have been revised downward due to delays in procuring certain parts and customer production adjustments due to the flooding in Thailand. In addition, the downward revision in net sales also reflects lower sales of services and server-related products because of delays in the recovery of ICT spending inside and outside Japan, as well as lower demand for LSI devices and electronic components.
Operating income projections have been revised downward by 35.0 billion yen to 100.0 billion yen. In addition to the impact of lower sales of services, server-related products, PCs, car audio and navigation systems, LSI devices, and electronic components, the downward revision in operating income reflects the adverse impact of higher HDD procurement costs due to the Thai flooding.
As a result of the projected decline in operating income, net income projections have also been revised downward by 25.0 billion yen.
About Fujitsu Limited
Fujitsu is a leading provider of information and communication technology (ICT)-based business solutions for the global marketplace. With approximately 170,000 employees supporting customers in over 100 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$55 billion) for the fiscal year ended March 31, 2011. For more information, please see: www.fujitsu.com .
Source: Fujitsu Limited
Contact:
Copyright 2011 JCN Newswire. All rights reserved. www.japancorp.net
1. Revised Earnings Projections
Revised Projections for Fiscal 2011 (April 1, 2011 - March 31, 2012)
Differences in Financial Projections and Actual Results
Net Sales Operating Income Net Income EPS
(bn yen) (bn yen) (bn yen) (yen)
Previous Projection (A) 4,540.0 135.0 60.0 28.99
Current Projection (B) 4,490.0 100.0 35.0 16.91
Change (B-A) -50.0 -35.0 -25.0 -
Percent Change -1.1% -25.9% -41.7% -
Results for FY 20 4,528.4 132.5 55.0 26.62
2. Reasons for Revisions to Earnings ProjectionsNet sales projections have been revised downward by 50.0 billion yen to 4,490.0 billion yen. Sales of PCs, car audio and navigation systems, and LSI devices have been revised downward due to delays in procuring certain parts and customer production adjustments due to the flooding in Thailand. In addition, the downward revision in net sales also reflects lower sales of services and server-related products because of delays in the recovery of ICT spending inside and outside Japan, as well as lower demand for LSI devices and electronic components.
Operating income projections have been revised downward by 35.0 billion yen to 100.0 billion yen. In addition to the impact of lower sales of services, server-related products, PCs, car audio and navigation systems, LSI devices, and electronic components, the downward revision in operating income reflects the adverse impact of higher HDD procurement costs due to the Thai flooding.
As a result of the projected decline in operating income, net income projections have also been revised downward by 25.0 billion yen.
About Fujitsu Limited
Fujitsu is a leading provider of information and communication technology (ICT)-based business solutions for the global marketplace. With approximately 170,000 employees supporting customers in over 100 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$55 billion) for the fiscal year ended March 31, 2011. For more information, please see: www.fujitsu.com .
Source: Fujitsu Limited
Contact:
Fujitsu Limited Public and Investor Relations www.fujitsu.com/global/news/contacts/ +81-3-3215-5259
Copyright 2011 JCN Newswire. All rights reserved. www.japancorp.net
