Japan's Fujitsu lifts FY net profit forecast to 102 bln yen from 80 bln yen |
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Tue, 17 Apr 2007 07:46
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TOKYO (XFN-ASIA) - Fujitsu now expects to have made a consolidated net profit of 102 bln yen in the fiscal year ended March 31, having previously forecast a net profit of 80 bln yen, because it has booked special capital gains from the sale of some of its shares in Fanuc Co, Fujitsu said.The company said it had booked special gains of 70 bln yen from selling 11.97 mln shares in Fanuc, or a 5 pct stake in the maker of machine tools.But Fujitsu said it had lowered its forecasts of operating and current profit because of a weaker-than-expected recovery in demand for optical systems.Fujitsu gave the following revised forecasts for the last fiscal year, compared with its previous estimates:Revenue - 5.1 trln yen, unchangedOperating profit - 182 bln yen vs 190 blnCurrent profit - 147 bln yen vs 150 blnNet profit - 102 bln yen vs 80 bln(1 usd = 119.38 yen)yasuhiko.seki@xfn.com
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Fujitsu cuts yr to March 2007 parent forecast to net loss from net profit 