Tokyo, March 17, 2000 --- Fujitsu Limited today revised its earnings
projections for the current fiscal year, ending March 31, 2000. On a
consolidated basis, due to slower than expected recovery in IT spending
held back because of the Y2K issue, sales of information systems and
software & services to enterprises in the key markets of Japan, the U.S.
and Europe are expected to be lower than previously forecast. In
addition, due to tight parts supply and other factors, the company is
not expected to achieve projected levels of growth in its North American
fiber optic transmission systems business.
As a result, Fujitsu is revising downward its previous projections for
consolidated net sales, operating income, and net income. Unconsolidated
earnings projections are likewise being revised lower, due to the
above-mentioned factors as well lower than expected sales of mobile
telephones.
Revised projections are as follows.
FY1999 Consolidated Earnings Projections
(in billions of yen)
| |
10/99
Forecast
|
Revised Forecast
|
Change
|
FY1998 (actual)
|
| Net Sales |
5,500
|
5,260
|
- 240
|
5,242.9
|
| Operating Income |
210
|
140
|
- 70
|
132.2
|
| Net Income |
60
|
20
|
- 40
|
- 13.6
|
FY1999 Unconsolidated Earnings Projections
(in billions of yen)
| |
10/99
Forecast
|
Revised Forecast
|
Change
|
FY1998 (actual)
|
| Net Sales |
3,340
|
3,240
|
- 100
|
3,191.1
|
| Operating Income |
95
|
60
|
- 35
|
39.8
|
| Net Income |
35
|
15
|
- 20
|
- 21.5
|
About Fujitsu Limited
Fujitsu Limited (TSE: 6702) is a leading provider of comprehensive
information technology and network solutions for the global
marketplace. Comprising over 500 group companies and affiliates
worldwide -- including ICL, Amdahl and the DMR Consulting Group --
the Fujitsu Group had consolidated revenues of 5.24 trillion yen
($43.3 billion) in the fiscal year ended March 31, 1999. With
world-class hardware and software technology in computers,
telecommunications and microelectronics, and a corps of 55,000
systems and services experts around the world, Fujitsu is uniquely
positioned to harness the power of the network to help its
customers succeed. Altogether, the Fujitsu Group has 188,000
employees and operations in over 100 countries.
Homepage: http://www.fujitsu.com/
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