Fujitsu Revises Fiscal 2006 First-Half Financial Results Forecast.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, July 27, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Fujitsu Limited today revised its consolidated earnings forecast for the first half of fiscal 2006 (April 1, 2006 - September 30, 2006) as shown below. The forecast was previously issued on April 27, 2006 at the time of Fujitsu's fiscal 2005 financial results announcement. The company's full-year fiscal 2006 earnings forecast remains unchanged. Revised FY 2006 First-half Consolidated Financial Results Forecast (April 1, 2006 - September 30, 2006)
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(Billion Yen)
Net Operating Net
Sales Income Income
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Previous Forecast* (A) 2,350.0 20.0 0
Revised Forecast (B) 2,350.0 35.0 5.0
Increase or Decrease (B-A) -- +15.0 +5.0
Percentage of Increase
or Decrease -- +75.0% --
First-Half FY 2005 Results
(For half year ended
September 30, 2005) 2,192.3 47.5 7.6
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* Previous forecast as of April 27, 2006
Explanation of Revision Fujitsu revised its consolidated operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. forecast for the first half of fiscal 2006 upward by 15.0 billon bil·lon n. 1. An alloy of gold or silver with a greater proportion of another metal, such as copper, used in making coins. 2. An alloy of silver with a high percentage of copper, used in making medals and tokens. yen compared to the forecast originally announced in April. In addition, the company increased its projected net income for the first half by 5.0 billion yen. In addition to favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. trends in the company's outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and other services businesses in Japan and overseas markets, demand continues to be firm for logic LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. devices for digital consumer electronics. Although the recovery of the IT market in Japan still lacks robustness, it is clearly showing gradual progress, with particularly positive developments in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , manufacturing, and retail sectors. However, with respect to the full-year fiscal 2006 period, the company is leaving unchanged the forecast it made at the beginning of the fiscal year. Even with the present upward revision of its first-half earnings forecast, expected results for the half-year period are still below the level of the same period in fiscal 2005. Moreover, uncertainties remain regarding certain product-related and solutions/SI businesses for which sales and profits tend to be highly concentrated toward the end of the fiscal year, and the company believes it is premature to change its assessments of prospective market conditions and profitability for the logic LSI devices business, which is currently performing well. The Fujitsu Group will continue to make every possible effort to achieve the earnings targets set at the start of the fiscal year. About Fujitsu Limited Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing computing - computer and communications products, 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 See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :6702) reported consolidated revenues of about 4.8 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. yen (US$40.6 billion) for the fiscal year ended March 31, 2006. For more information, please see: www.fujitsu.com Source: Fujitsu Limited Contact: Fujitsu Limited Public and Investor Relations Inquiries: http://www.fujitsu.com/global/news/contacts/ Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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