Energy News  
Fujitsu's profit drops in first quarter

by Staff Writers
Tokyo (AFP) Jul 27, 2006
Japanese computer maker Fujitsu said Thursday its net profit dropped 73.4 percent in the quarter to June due to a lack of special gains that had inflated its earnings a year earlier.

Net profit for the fiscal first quarter came to 664 million yen (5.7 million dollars), down from 2.50 billion yen a year earlier.

Current profit, however, rose to 6.34 billion yen from 478 million yen as sales increased 7.5 percent to 1.10 trillion yen.

Fujitsu said the net profit fall was mainly due to the absence of extraordinary gains worth 15.9 billion yen a year earlier after it reached an out-of-court settlement in a lawsuit filed in the United States.

Despite the year-on-year net profit slide, Fujitsu chief financial officer Masamichi Ogura said the first quarter outcome "is still beyond our initial projections.

"IT investment continued to be solid outside Japan while capital investment finally started to move forward," Ogura said.

As a result, Fujitsu said it now expects to post net profit of some five billion yen in the first half to September, compared with its previous estimates of breakeven.

While raising its first half projections, Fujitsu left unchanged its full year to March 2007 forecasts, with net profit seen at 80 billion yen and revenue at 5.2 trillion yen.

The company usually makes its most profit in the second half of the fiscal year and Ogura said Fujitsu needed to see how sales perform towards the end of 2006 before making any upgrades to the full-year forecasts.

Community
Email This Article
Comment On This Article

Related Links
All about the technology of space and more



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


Technip strikes profits bonanza, hits production snags
Paris (AFP) Jul 27, 2006
French oil services group Technip raised net profit in the second quarter by 55.0 percent and raised its profit forecast for the year while warning on Thursday that it was encountering manufacturing problems.







  • China to introduce fuel tax
  • Congestion Might Clog Nation's Power Grid
  • High-Tech Hydrogen Scooter Designed To Sell Clean Technology
  • Fuel Cells, A Neglected Clean Source Of Energy

  • Lithuania invites Poland to join nuclear plant project
  • Russia to build Kazakhstan's first nuclear power plant
  • India says no compromise on US nuclear deal
  • House to debate US-India nuclear energy bill

  • NASA Experiment Finds Possible Trigger For Radio-Busting Bubbles
  • California's Model Skies
  • ESA Picks SSTL To Develop Atmospheric CO2 Detector
  • Faster Atmospheric Warming In Subtropics Pushes Jet Streams Toward Poles

  • Malaysia And Indonesia Join Forces To Dampen Haze Problem
  • Fires Rage In Indonesian Borneo And Sumatra
  • WWF Warns Over Pulp Giant In Indonesia
  • World Bank Vows To Improve Forestry Program In Cambodia

  • Smog Damage To Crops Costing Billions
  • WWF Reports That Bluefin Tuna Fishery Threatened In East Atlantic
  • Reducing The Global Need For Nitrogen Fertilizers
  • Food-Crop Yields In Future Greenhouse-Gas Conditions Lower Than Expected

  • Toyota To Expand Hybrid Car Range In US
  • Ford First To Offer Clean-Burning Hydrogen Vehicles
  • Smart Cars To Rule The Roads
  • Nano Replacement For Petroleum

  • Boeing Puts Aircraft Market At 2.6 Trillion Dollars
  • Innovative Solutions Make Transportation Systems Safer Secure and Efficient
  • Joint Strike Fighter Is Not Flawed Finds Australian Government
  • Globemaster Airdrops Falcon Small Launch Vehicle

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement