Wednesday, April 19, 2006
Japanese electronics conglomerate Fujitsu Ltd. has revised its fiscal 2005 full year results said it is on schedule to beat its net profit target for the year ended last month by 36 percent, mainly due to better than anticipated sales of hard disk drives, semiconductors and mobile phones.
Fujitsu said it now expected to record a group net profit of Yen 68 billion ($580 million) for the year ended March 2006, above its prior projection of Yen 50 billion ($430 million).
The company said it would more than double the Yen 31.9 billion ($270 million) in net profit posted for the previous financial year.
Group sales for the period were, however, estimated at Yen 4800 trillion, 0.2 percent down from the previous estimate issued at the end of January 2006.
The actual results will be revealed April 27 when the company reports. The preliminary results were helped by a Yen 4.8 billion ($40 million) one-time gain for a change in accounting policies, the company said.
By: DocMemory
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