Tokyo, March 2, 2001 --- Fujitsu Limited today revised its earnings projections for the current fiscal year, ending March 31, 2001. On a consolidated basis, due to the U.S. economic deceleration and the slow economic recovery in Japan, growth in personal computers and small form factor hard disk drives fell short of expectations, and slow demand for audio and visual equipment led to lower than expected growth of electronic devices. In addition, due to worldwide slowing of IT spending, sales growth in services & software is expected to be lower than previously forecasted. All these factors have contributed to a downward revision of Fujitsu's October projections for consolidated net sales, operating income and net income.
Unconsolidated earnings projections are likewise being revised down, due to the above-mentioned factors. In addition, a write-down of investments in consolidated subsidiaries has had a bearing on the decline in the latest projections.
Revised projections are as follows.
FY2000 Consolidated Earnings Projections (in billions of yen)
| |
Oct. 2000
Forecast |
Revised
Forecast |
Change |
FY1999 (actual) |
| Net Sales |
5,700 |
5,530 |
- 170 |
5,255.1 |
| Operating Income |
310 |
260 |
- 50 |
149.9 |
| Net Income |
45 |
10 |
- 35 |
42.7 |
FY2000 Unconsolidated Earnings Projections
(in billions of yen)
| |
Oct. 2000
Forecast |
Revised
Forecast |
Change |
FY1999 (actual) |
| Net Sales |
3,500 |
3,420 |
- 80 |
3,251.2 |
| Operating Income |
120 |
110 |
- 10 |
53.8 |
| Net Income |
110 |
50 |
- 60 |
13.6 |
| * | This release contains "Material Information" as specified under Article166 of the Securities and Exchange Law of Japan. If you read the contents of this release, you or any other person with whom you share the acquired information will be deemed the primary recipients of corporate insider information and will be prohibited from purchasing, selling, or making other transactions of shares or securities of Fujitsu Limited until 12 hours has elapsed from the time when this press release was made (approximately 3:00 a.m. on March 3, 2001, Japan time). |
About Fujitsu Limited
Fujitsu Limited (TSE: 6702) is a leading provider of Internet-based information technology solutions for the global marketplace. Comprising over 500 group companies and affiliates worldwide -- including ICL, Amdahl and DMR Consulting -- it had consolidated revenues of 5.26 trillion yen ($49.6 billion) in the fiscal year ended March 31, 2000. Fujitsu's pace-setting technologies, world-class computing and telecommunications platforms, and global corps of over 60,000 systems and services experts make it uniquely positioned to unleash the infinite possibilities of the Internet to help its customers succeed. Altogether, the Fujitsu Group has 188,000 employees and operations in over 100 countries.
Internet: http://www.fujitsu.com/
Consolidated Business Segment Information (2001 March Forecast)
(Unit: billions of yen)
|
2000 Oct.
Forecast
(a) |
Revised
Forecast
(b) |
Change
(b)-(a) |
 |
FY1999
Actual |
Services
& Software |
Net Sales |
Japan |
1,450 |
1,440 |
(10) |
1,320.8 |
| Overseas |
570 |
570 |
0 |
654.5 |
| Unaffiliated Customers |
2,020 |
2,010 |
(10) |
1,975.4 |
| Operating Income |
150 |
130 |
(20) |
134.9 |
Information
Processing |
Net Sales |
Japan |
1,140 |
1,080 |
(60) |
1,047.1 |
| Overseas |
510 |
460 |
(50) |
558.1 |
| Unaffiliated Customers |
1,650 |
1,540 |
(110) |
1,605.3 |
| Operating Income |
55 |
45 |
(10) |
38.8 |
Telecom-
munications |
Net Sales |
Japan |
450 |
460 |
10 |
417.2 |
| Overseas |
410 |
400 |
(10) |
355.1 |
| Unaffiliated Customers |
860 |
860 |
0 |
772.4 |
| Operating Income |
30 |
30 |
0 |
17.1 |
Electronic
Devices |
Net Sales |
Japan |
390 |
360 |
(30) |
296.3 |
| Overseas |
410 |
400 |
(10) |
271.8 |
| Unaffiliated Customers |
800 |
760 |
(40) |
568.1 |
| Operating Income |
140 |
115 |
(25) |
20.1 |
| Financing |
Net Sales |
Japan |
110 |
110 |
0 |
113.0 |
| Overseas |
- |
- |
0 |
- |
| Unaffiliated Customers |
110 |
110 |
0 |
113.0 |
| Operating Income |
3 |
3 |
0 |
3.0 |
| Other Operations |
Net Sales |
Japan |
190 |
180 |
(10) |
158.1 |
| Overseas |
70 |
70 |
0 |
62.4 |
| Unaffiliated Customers |
260 |
250 |
(10) |
220.6 |
| Operating Income |
7 |
7 |
0 |
3.4 |
Elimination &
Corporate |
Operating Income |
(75) |
(70) |
5 |
(67.6) |
| Total |
Net Sales |
Japan |
3,730 |
3,630 |
(100) |
3,352.8 |
| Overseas |
1,970 |
1,900 |
(70) |
1,902.2 |
| Unaffiliated Customers |
5,700 |
5,530 |
(170) |
5,255.1 |
| Operating Income |
310 |
260 |
(50) |
149.9 |
|
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