Fujitsu has reported net sales of JPY1,142.3 billion for the second quarter of 2009, a decline of 10.5% compared to the same period last year and an increase of 9.4% sequentially. Net sales were JPY2,186.6 billion for the first half of fiscal 2009, a decrease of 10.9% compared to same period a year ago.
Operating income for the quarter was JPY18.9 billion, a decrease of JPY13.8 billion compared to a year ago period. Operating loss was JPY18.2 billion, representing a decline of JPY13.8 billion, compared to same period a year ago, but an improvement from the operating loss of JPY37.1 billion in the first quarter of fiscal 2009.
The company posted a consolidated net income of JPY72.4 billion for the second quarter of fiscal 2009, an increase by JPY68.1 billion compared with the second quarter of fiscal 2008 primarily to a gain on the sale of investment securities. For the first half of 2009, the net income totalled JPY43.2 billion, an improvement of JPY 28.2 billion over the target and JPY38.6 billion over last year.
For the quarter, net sales in the Technology Solutions segment, which includes the System Platforms and Services sub-segments, totalled to JPY754.1 billion, a decrease of 8.8% compared to the same period last year. Net sales for the Ubiquitous Product Solutions segment were JPY235.8 billion, a decrease of 5.5% from the same period last year.
Geographically, second-quarter profitability in and outside Japan declined compared to the same period last year, but improved in each region compared to the first quarter of 2009. In Japan, operating income rebounded from an operating loss of JPY12.3 billion in the first quarter to an operating profit of JPY33.3 billion.
Michiyoshi Mazuka, president of Fujitsu, said: “For the first half of the year, we beat our earnings target despite a very challenging business environment. I’m confident that the resiliency of our core businesses and our dedication to lean, customer-centric management will enable us to meet our targets for the full year”
