Archived content
NOTE: this is an archived page and the content is likely to be out of date.
Fujitsu Revises Forecast for First-Half FY 2004 Financial Results
Fujitsu Limited
Tokyo, October 18, 2004
Fujitsu Limited today revised its forecast financial results for the first half of FY 2004 from previous projections issued at the time of its first-quarter results announcement on July 29, 2004. Details are as follows:
Revised Forecast for First-Half FY 2004 Consolidated Financial Results
(For the 6-month period from April 1, 2004 to September 30, 2004)
(billion yen) |
|
Net Sales
|
Operating Income
(Loss)
|
Net Income
(Loss) |
Previous Forecast
(July 29, 2004) |
2,250 |
10 |
(25) |
Revised Forecast |
2,220 |
33 |
(8) |
Change |
- 30 |
+ 23 |
+ 17 |
Percentage Change |
- 1.3% |
+ 230.0% |
-- |
First-half FY 2003 (Actual) |
2,141.9 |
(17.9) |
(58.5) |
Reasons for the Revision
During the first half of the fiscal year favorable demand for such products as 3G mobile communication base stations and system-on-chip devices used in digital audio-video equipment helped boost profitability. Although negatively impacted by such factors as continued pricing pressures in the Solutions & Systems Integration segment and lower sales of mobile telephones, thanks to progress in reducing costs and expense reductions from restructuring efforts undertaken in the previous fiscal year Fujitsu expects consolidated operating income to exceed its previous forecast. The company also anticipates higher than previously forecast net income as a result of higher operating income as well as improvements to its balance of financial income and expenses, net foreign exchange gains and other factors.
About Fujitsu
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting technologies, highly reliable computing and communications platforms, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.7 trillion yen (US$45 billion) for the fiscal year ended March 31, 2004.
For more information, please see: http://www.fujitsu.com/
Press Contacts
Public & Investor Relations
Inquiries
Company:Fujitsu Limited
Date: 18 October, 2004
City: Tokyo
Company:
Fujitsu Limited,
,
,
,
,