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Fujitsu Revises Earnings Projections for First-Half FY2010

Fujitsu Limited

Tokyo, July 29, 2010

Fujitsu announced today that it has revised its consolidated earnings projections for the first half of fiscal 2010 (April 1, 2010 – September 30, 2010), previously announced on April 30, 2010.

1. Revised Consolidated Earnings Projections
Revised Projections for First-Half FY2010 (April 1, 2010 - September 30, 2010)

 Net Sales
(Billion Yen)
Operating Income/Loss
(Billion Yen)
Net Income
(Billion Yen)
Net Income Per Share
(Yen)
Previous Projection (A)2,200.025.05.02.42
Current Projection (B)2,180.035.015.07.25
Change (B-A)-20.010.010.0-
Percent Change-0.9%40.0%200.0%-
Results for First-Half FY 20092,186.6-18.243.221.08

Although net sales for the first half of fiscal 2010 are projected to fall below the previous forecast due to the impact of exchange rate fluctuations, operating income has been revised upward to 35.0 billion yen, a 10.0 billion yen increase from the previous projection. This is primarily due to stronger-than-expected sales of network products, as well as steady growth in sales of electronic components, and group-wide cost reduction measures. The net income projection has been revised upward by 10.0 billion yen for the same reason.

Full-year fiscal 2010 (April 1, 2010 – March 31, 2011) projections for net sales, operating income, and net income remain the same as the April forecast. For more details, please refer to the “FY2010 First-Quarter Financial Results” announcement 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, 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
- Risks related to product or services defects
- Potential emergence of unprofitable projects
- Risks related to R&D investments, capital expenditures, business acquisitions, business restructuring, etc.
- Risks related to natural disasters and unforeseen events
- Changes in accounting policies

About Fujitsu

Fujitsu is a leading provider of ICT-based business solutions for the global marketplace. With approximately 170,000 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$50 billion) for the fiscal year ended March 31, 2010. For more information, please see: www.fujitsu.com.

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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.

This press release has been revised as of December 17, 2018.

Date: 29 July, 2010
City: Tokyo
Company: Fujitsu Limited, , , , ,

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