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Fujitsu Revises Earnings Projections for First-Half FY 2009
Fujitsu Limited
Tokyo, August 21, 2009
Fujitsu announced today that it has revised its consolidated earnings projections for fiscal 2009, previously announced on July 30, 2009.
1. Revised Consolidated Earnings Projections
Revised Projections for First-Half FY 2009
(April 1, 2009 – September 30, 2009)
| (Billion Yen) |
| |
Net Sales |
Operating Income/Loss |
Net Income/Loss |
| Previous Projection (A) |
2,210.0 |
-35.0 |
-55.0 |
| Current Projection (B) |
2,210.0 |
-35.0 |
15.0 |
| Change (B-A) |
- |
- |
70.0 |
| Percent Change |
- |
- |
- |
| Results for 2Q FY 2008 |
2,453.7 |
38.5 |
4.6 |
Revised Projections for Full-Year FY 2009
(April 1, 2009 – March 31, 2010)
| (Billion Yen) |
| |
Net Sales |
Operating Income |
Net Income/Loss |
| Previous Projection (A) |
4,820.0 |
90.0 |
25.0 |
| Current Projection (B) |
4,820.0 |
90.0 |
95.0 |
| Change (B-A) |
- |
- |
70.0 |
| Percent Change |
- |
- |
28.0% |
| Results for FY 2008 |
4,692.9 |
68.7 |
-112.3 |
2. Reasons for Revisions to Earnings Projections
Projections have been revised in accordance with the sale of shares in Fanuc Ltd. on August 21, 2009. The net income projections reflect the one-time gain on sale of investment securities. For detailed information, please see the related release "Notice Regarding Sale of Investment Securities" issued today.
* These materials may contain forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results may differ materially from those projected or implied in the forward-looking statements due to, without limitation, the following factors:
- General economic and market conditions in key markets (particularly in Japan, North America, Europe, and Asia, including China)
- Rapid changes in the high-technology market (particularly semiconductors, PCs, mobile phones, etc.)
- Fluctuations in exchange rates or interest rates
- Fluctuations in capital markets
- Intensifying price competition
- Changes in market positioning due to competition in R&D
- Changes in the environment for the procurement of parts and components
- Changes in competitive relationships relating to collaborations, alliances and technical provisions
- Potential emergence of unprofitable projects
- Changes in accounting policies
About Fujitsu
Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 employees supporting customers in 70 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 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.
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Company:Fujitsu Limited
All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 21 August, 2009
City: Tokyo
Company:
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