Operating income increased by 40.5%
Fujitsu, a provider of ICT-based business offerings, has reported consolidated net income of JPY55bn ($663m) for fiscal 2010.
The company’s net income fell short of its 28 January 2011, projections after the March 2011 earthquake in eastern Japan caused disruption to Fujitsu manufacturing plants, regional logistics and customer facilities.
Net sales for fiscal 2010 ended on 31 March 2011 amounted to JPY4.53bn, a decline of 3.2% from fiscal 2009.
In Japan, sales were essentially flat at JPY2.9bn. Higher sales of LSI devices and electronic components were offset by temporary production stoppages and shipment delays.
Net sales outside of Japan were JPY1.59bn, a decrease of 9.2% from fiscal 2009, primarily attributable to yen appreciation and divestiture of the hard disk drive business.
The company’s operating income surged 40.5%, to JPY132.5bn, driven by improved Group-wide efficiency, particularly in the LSI device business.
Fujitsu recorded an JPY11.6bn loss on damage, primarily representing the costs of restoring plant and equipment damaged in Japan’s Tohoku earthquake.
Fujitsu president Masami Yamamoto said the earthquake devastated Japan’s Tohoku region, throwing into disarray businesses and peoples’ lives.
"Tackling the challenges of minimising supply chain disruption and power outages, we intend to leverage our expertise and state-of-the-art technologies to support economic recovery and improve the lives of people," Yamamoto said.