Copyright 2022, Faulkner Information Services. All
Publication Date: 2212
Report Type: VENDOR
Fujitsu is a Japanese provider of systems and services for the
information and communications technology (ICT) sector. The company –
which now has 124,200 employees (2022) in 180 countries – divides its
operations into three business segments: Technology Solutions, Ubiquitous
Solutions, and Device Solutions. This profile takes a deeper look at
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Shiodome City Center
Minato-ku, Tokyo 105-7123, Japan
(888) FUJITSU [385-4878]
Type of Vendor: Computer, Communications, and
Fujitsu Limited Stock Symbol: FJTSY (OTC Markets),
Code:6702 (Tokyo, Nagoya)
Service Areas: Worldwide
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Fujitsu is a Japanese firm that offers information and communications
technology products and services with the stated goal to make the world
“more sustainable by building trust in society through innovation.” The
company has 124,200 employees (as of March 2022) in 180 countries of
operation. In terms of its regional operations, Fujitsu employs an
organizational structure consisting of just five areas – EMEIA (Europe,
Middle East, India, and Africa); the Americas; Asia; Oceania; and Japan –
as well as a new Global Delivery organization. Fujitsu’s Global Delivery
organization integrates the service delivery functions of its
International Business segment, and is responsible for offering services
worldwide, including in Japan.
Fujitsu operates three core business segments:
- Technology Solutions is divided into four
- Solutions/Services such as consulting, cloud and data offerings,
network services, and security solutions.
- System Platforms including servers, software, automotive control and
in-vehicle information systems, and network management systems.
- International Regions Excluding Japan handles product sales and
delivery outside Japan.
- Technology Solutions (Common) is responsible for basic research and
development as well as overseeing other corporate subsidiaries.
semiconductor packages, batteries, etc.
History & Milestone Events
The company has its roots in the 1923 formation of Fuji Electric by
Siemens and Furukawa, which was created to produce generators and electric
motors in Japan. It was out of Fuji Electric that Fuji Tsushinki
Manufacturing Corporation (Fujitsu) ultimately emerged in 1935 as a
communications division spinoff. At the time it had 700 employees. Over
the years, Fujitsu has simultaneously introduced products in two fields
that would continually intersect – computing and telecommunications –
allowing it to grow into a leading provider of information and
communications technology business solutions for the global marketplace.
Notable headlines from Fujitsu’s past have included:
- 1935 – Acquires carrier device production license
- 1941 – Sees Kawazu Wireless Electric (Fujitsu
Telecom Networks) become part of the Fujitsu Group.
- 1942 – Opens plant in Suzaka for mass production of
telephones and telecommunications devices.
- 1949 – Becomes listed on the reopened Tokyo Stock
- 1952 – Resumes a technical cooperation with Siemens.
- 1953 – Begins manufacturing radio communications
- 1956 – Ships its first commercial computer, the
- 1957 – Absorbs Shinko Electric Industries.
- 1959 – Opens Oyama plant to mass produce
- 1964 – Sees Ishii Communications Industry (Fujitsu
Business Systems) join the Fujitsu Group.
- 1967 – Formally changes its name to Fujitsu
Kabushiki Kaisha (Fujitsu Limited) … Opens a New York representative
office, its first outside of Japan.
- 1969 – Establishes Fujitsu Laboratories R&D
Center as a separate company … Integrates Hirayama Electronics
(Fujitsu Electronics) into the Fujitsu Group … Establishes Fujitsu
California as its first overseas subsidiary.
- 1972 – Launches Fujitsu FANUC.
- 1978 – Concludes joint-venture agreement with
Siemens for computing products.
- 1980 – Becomes the largest computer company in
- 1981 – Introduces the FM-8 personal computer, its
- 1995 – Opens Tatebayashi System Center to serve as a
base for its outsourcing services.
- 1997 – Converts Amdahl to a wholly-owned subsidiary
… Announces the SOLUTIONVISION business architecture featuring network
- 1998 – Makes ICL a wholly-owned subsidiary …
Develops NAND-type flash memory technology.
- 1999 – Establishes the Fujitsu Siemens Computers
joint venture … Merges Internet service InfoWeb with online
information service NIFTY-serve to form the @nifty Internet service
- 2002 – Renames ICL (Fujitsu Services Holding), DMR
(Fujitsu Consulting Holdings), and Amdahl (Fujitsu IT Holdings) …
Expands its global alliance with Microsoft.
- 2009 – Acquires Siemens’ stake in Fujitsu Siemens
(Fujitsu Technology Solutions) … Transfers its hard drive business to
- 2010 – Reaches an agreement to merge its mobile
handset operations with that of Toshiba.
- 2012 – Sees its semiconductor, x86 server, desktop
PC, network product, and mobile phone plant production affected by an
earthquake, tsunami, and the subsequent disruption to its electricity,
water, and gas supply.
- 2014 – Enters into an agreement with Panasonic and
Development Bank of Japan to integrate its System LSI business with that
of Panasonic … Reaches an agreement with NTT DOCOMO to collaborate on
5G mobile communications technology experimental trials … Collapses
Fujitsu Mobile-phones Products into Fujitsu Peripherals.
- 2015 – Reveals plans to spin off each of its
Ubiquitous Solutions businesses as a wholly-owned subsidiary, as well as
to consolidate its IoT technology, planning, development, manufacturing,
and sales operations within a company-wide IoT business unit.
- 2016 – Consolidates three of its large-scale
systems-engineering subsidiaries in Japan … Opens a co-creative
Workspace Lab for IoT … Acquires TrueNet Communications, a
communications infrastructure engineering contractor.
- 2017 – Sells a 51 percent stake (to Lenovo) and 5
percent stake (to Development Bank of Japan) in its Fujitsu Client
Computing subsidiary, converting it to a joint venture … Announces
that Nifty’s consumer ISP business will succeed that of its subsidiary,
as executed through an absorption-style split.
- 2018 – Announces changes to management structure to
focus on becoming a “services-oriented company” … Establishes Fujitsu
Intelligence Technology to formulate and carry out strategy for AI
- 2019 – Partners with Cray, which is now under the
ownership of HPE, to provide processing and high-memory bandwidth for
future supercomputers … Completes a series of NSA (non-standalone) 5G
NR (New Radio) data calls with Qualcomm using the sub-6GHz and mmWave
(millimeter Wave) spectrum bands … Creates the “Design the Trusted
Future by Data x AI” framework and process …. Is contracted by the
University of Tokyo’s IT Center to provide the “Oakbridge-CX”
- 2020 – Rolls out its Fujitra initiative to promote a
company-wide shift to digital transformation that involves a complete
re-evaluation of its business processes, organizations, corporate
culture, products, services, and business models; the Fujitsu Way
campaign is part of the initiative … Announces an absorption-style
merger for its semiconductor business.
- 2021 – To promote its digital transformation,
integrates Fujitsu Laboratories into Fujitsu Limited and creates the new
Fujitsu Research organization … Working with the Research Organization
for Science and Technology, completes joint development of Fugaku, the
world’s fastest quantum supercomputer … Participates in the inaugural
meeting of the Founders’ Association of the Council for New Industry
Creation Through Quantum Computing … Continues consolidation of its
various subsidiaries, absorbing Fujitsu Kansai-Chubu Net-Tech, Fujitsu
Kyushu Network Technologies, and Fujitsu Computer Technologies into
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Fujitsu delivers “total” solutions for ICT (information and communication
technology) and “multifaceted” services that encompass the development,
manufacturing, sales, and maintenance of cutting-edge, high-quality
products and electronic devices. Particular strategic areas include:
- Expanding its business domains
- Extending ICT use areas
- Growing its business on a global scale
- Responding to customer needs via cloud-based integration
- Systemizing products
- Expanding its business through vertical integration and customization
Recently, Fujitsu launched Fujitsu Uvance, a new global business brand
with the aim “to make the world more sustainable by building trust in
society through innovation. Uvance, which the company says embodies a
concept of “making all (universal) things move forward (advance) in a
sustainable direction,” will leverage Fujitsu’s technological capabilities
and problem-solving expertise across seven key focus areas. Four of these
consist of cross-industry vertical business areas, which relate to the
ideal state of the world and possible social issues: Sustainable
Manufacturing, Consumer Experience, Healthy Living, and Trusted Society.
Supporting these vertical areas – and forming a platform for the
collection of data creating synergies between applications and performing
analysis – are three horizontals: Digital Shifts, Business Applications,
and Hybrid IT.
The Fujitsu strategy also centers around the “Fujitsu Way,” a philosophy
that provides its “reason for existence, value and principles.” The
Fujitsu Way facilitates management innovation and promotes a unified
direction for the Fujitsu Group as it expands its business activities,
providing more innovative technology and solutions worldwide. It also
provides a set of principles to allow employees to enhance corporate
value. The Fujitsu Way was further tweaked to focus on implementing a
management policy and business strategy that is based on digital
transformation (DX), with a “Work Life Shift” campaign for introducing a
“more empowering, productive, and creative experience.” The Fujitsu Way
comprises three elements: Our Purpose, Our Values, and Code of Conduct.
These areas are described in Table 1.
| Our Purpose indicates
why Fujitsu exists in society
The world has become more inter-connected with ever-growing
| Our Values are the
important sense of value each person should have
| Code of Conduct is
“what we should comply”
Figure 1 is a graphic representation of the Fujitsu Way.
Figure 1. The Fujitsu Way
Fujitsu is a leading ICT firm with a number of competitive
- Broad product portfolio, innovation, R&D capabilities, brand, and
- Ability to cross-sell products and services, offering extensive
support services and making products more accessible.
- Unique distribution strategy, from retail and commercial channels to
- General market leadership for PCs and access devices, imaging and
printing products, and related technology and services.
- Expansive customer base that includes individual consumers, SMBs,
large enterprises, and members of the government, healthcare, and
- Consistent, balanced performance across all segments and regions.
- Innovation via core, advanced growth initiatives and investments.
Potential limitations include:
- Economic and market conditions in key markets.
- Fluctuations in exchange rates, interest rates, and capital markets.
- Intensifying price competition.
- Competition in R&D.
- Changes in environment for procuring parts and components.
- Changes in competitive relationships due to collaborations, alliances,
and technical provisions.
- Risks related to public relations, public policy, and tax matters.
- Product and services defects.
- Potential unprofitable projects.
- Risks related to R&D investments, capital expenditures, business
acquisitions, and business restructuring.
- Potential natural disasters and unforeseen events.
- Accounting policy changes.
Still facing the effects of the Covid pandemic and component supply
delays relating to the global chip shortage, Fujitsu believes that it is
poised to balance a negative impact on gross profit with the positive
effect of higher revenue. In its October 2022 summary of the first half of
fiscal year 2022, the company projected an annual revenue increase of 133
billion yen, citing a gradual recovery in demand for its IT and digital
transformation (DX) services. Meanwhile, the worldwide semiconductor
shortage is impacting different Fujitsu operations in different ways, with
Technology Solutions (network services, system platforms, etc.) being
negatively affected while Device Solutions (the company’s own chip
manufacturing process) is seeing higher revenues due to increased prices.
For the second half of the fiscal year (ending March 2023), Fujitsu
forecasts a 3.7 percent revenue increase over FY2021.
In the long term, Fujitsu has identified two business areas it will focus
on for value creation. For growth, the firm expects that customers will
embrace its DX and modernization services, while the company’s stability
relies on its traditional IT offerings such as systems maintenance and
operations in addition to sales of its hardware products.
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The company’s business includes multi-faceted services provisioning, as
well as the development, manufacturing, sales, and maintenance of products
and electronic devices that make these services possible. Fujitsu operates
three business segments – Technology Solutions, Ubiquitous Solutions, and
Device Solutions – and also maintains “Other” activities such as Japan’s
Next-Generation Supercomputing project, facility services, and the
development of information systems for group companies. The products and
services offered by its three core business segments are detailed in Table
|International Regions Excluding Japan||
|Technology Solutions (Common)||
Fujitsu’s competitors include Accenture, Apple, Cisco, Dell, HP Inc,
Hitachi, IBM, Lenovo, and Toshiba.
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Mergers, Acquisitions, and Divestitures
Fujitsu Limited has concluded an
agreement for an absorption-type merger with its consolidated subsidiary
Shiga Fujitsu Software Limited (SFL). SFL was established as a joint
venture between Fujitsu and an unnamed financial institution to provide
support for the institution’s accounting system. Recently, however, the
company’s business focus has shifted to providing its solution services to
the financial industry as a whole, rather than only to the specified
financial institution. Under these circumstances, Fujitsu determined that
the joint venture’s purpose had been achieved and unwound the merger in
June 2022. Fujitsu will absorb and merge with SFL on April 1, 2023, with
the plan to integrate its delivery function and SFL’s solution service
know-how for financial institutions.
Fujitsu Limited and Fujitsu
Australia and New Zealand have moved to strengthen their security services
capabilities with the acquisition of New Zealand cyber security company
InPhySec. Founded in 2015, InPhySec is one of New Zealand’s largest
providers of security consulting and managed security services. Its
comprehensive range of managed security services includes SIEM (security
information and event management), as well as cloud, network, and endpoint
detection and response services, delivered through its global 24/7
Security Operations Centres across three locations. The strategic
acquisition will provide Fujitsu’s customers in New Zealand with access to
specialist security consulting and managed services. Likewise, InPhySec’s
customer base, which spans a wide range of industries including Fujitsu
ANZ’s core industries of defense, public sector, healthcare, retail,
financial services, and transportation, will now have access to Fujitsu’s
range of digital transformation services and products.
Fujitsu Limited and Fujitsu
Australia announced acquisition plans for the Asia-Pacific region’s
largest independent ServiceNow-specialist, Enable Professional Services.
Enable Professional Services will operate as a stand-alone Fujitsu company
for the foreseeable future, although it will be re-branded “Enable, a
Fujitsu company.” The acquisition provides Fujitsu with market-leading
expertise and experience to deliver ServiceNow advisory, consulting, and
delivery services for customers across the region. Enable Professional
Services currently operates in Australia, Singapore, Hong Kong,
Philippines, and India. Prior to this, Fujitsu Australia acquired data and
AI-consultancy Versor, and Microsoft-specialist oobe.
Fujitsu Limited announced two
absorption-type mergers with the consolidated subsidiaries, Fujitsu
Mission Critical Software Limited (MCS) and Toyama Fujitsu Limited (TFL).
The absorption of MCS will integrate mainframe software development,
maintenance, and support functions currently spread across Fujitsu and
MCS, thereby enabling technological inheritance and greater efficiency for
long-term, stable business continuity. TFL, which operates the Fujitsu
Group’s internal ICT infrastructure (information systems, networks, and
internal data centers), will be moved to the parent in order to enable
Fujitsu to consolidate TFL’s skills and human resources internally,
thereby unifying and strengthening its structures for development and
Products and Services
Fujitsu has started to offer
“Fujitsu Computing as a Service” (CaaS), its service portfolio to deliver
customers access to world-leading computing technologies via the public
cloud, to the Japanese market, with global roll out to follow in fiscal
2023. The services in the suite include “Fujitsu Computing as a Service
HPC” as well as “Fujitsu Computing as a Service Digital Annealer” for
developing and running simulations, AI technologies, and combinatorial
optimization applications. The launch also includes “Fujitsu Computing as
a Service Technical Consulting Services” that supports the selection of
the optimum environment according to the characteristics of customers’
applications and their acceleration. Moving forward, Fujitsu will
collaborate with external cloud providers to strengthen its environment
and enhance its services by expanding the applications offered under CaaS.
Fujitsu has launched a new service
portfolio, Fujitsu Computing as a Service (CaaS), to accelerate digital
transformation (DX) and empower customers globally by offering access to
some of the world’s most advanced computing technologies via the cloud for
commercial use. The new service encompasses advanced computing resources
like Fujitsu’s quantum-inspired Digital Annealer technology and software
applications that allow a wide range of users to solve problems with AI
and machine learning. Fujitsu will begin delivery of these new services to
the Japanese market starting in October 2022 with a global rollout to
international regions including Europe, Asia Pacific, and the Americas to
Fujitsu has successfully developed
the world’s fastest quantum computer simulator capable of handling 36
qubit quantum circuits on a cluster system featuring Fujitsu’s “FUJITSU
Supercomputer PRIMEHPC FX 700,” which is equipped with the same A64FX
CPU(2) that powers the world’s fastest supercomputer. The newly developed
quantum simulator can execute the quantum simulator software “Qulacs” in
parallel at high speed, achieving approximately double the performance of
other significant quantum simulators in 36 qubit quantum operations. The
company sees the quantum simulator as an important bridge towards the
development of quantum computing applications that are expected to be put
to practical use in the years ahead. Based on this breakthrough, Fujitsu
and Fujifilm Corporation will start joint research on quantum computing
applications in the field of materials science.
Alliances and Joint Ventures
Fujitsu Limited and SettleMint have
entered a global strategic agreement to accelerate the digital
transformation (DX) of the Fujitsu Enterprise Blockchain and Track and
Trust Solutions. To kick-start co-creation activities, Fujitsu has made a
strategic investment in SettleMint through a fund managed by its
subsidiary Fujitsu Ventures Limited. Under the agreement, Fujitsu will use
the SettleMint high-performance low code Blockchain platform for customers
in Japan and globally as part of the solutions portfolio of Fujitsu Uvance
Digital Shifts. Fujitsu will additionally provide professional services to
help SettleMint customers develop and operate new systems and modernize
existing systems by leveraging the Enterprise Blockchain and Track and
Trust Solutions team of Fujitsu Uvance Digital Shifts. SettleMint and
Fujitsu will work together to provide joint use cases, technology
roadmaps, and solutions drawing on the digital experiences and solutions
from both companies, including traceability solutions, trusted data
processing, analytics, and advanced data transparency using blockchain
Fujitsu Limited and Toyota Systems
Corporation announced the launch of a new automobile production
instruction system at Toyota Motor Corporation’s Tsutsumi plant leveraging
Fujitsu’s Quantum-Inspired Digital Annealer technology. Toyota Systems and
Fujitsu previously used the technology in 2020 in a project to optimize
supply chain and logistics network operations essential to support
automobile production. The new vehicle production instruction system will
enable Toyota Motor Corporation to respond quickly to production
fluctuations and reduce the workload of its employees. Moving forward, the
companies plan to expand the system to Toyota Motor Corporation’s other
plants in Japan and, in the future, to Toyota Motor Corporation’s overseas
Mazda Motor Europe (MME) has selected Fujitsu
for a multi-million-dollar deal to transform its business operations in
Europe toward a Connected Company. The carmaker chose Fujitsu to deliver
faster time-to-market and optimize costs while moving to a
state-of-the-art public cloud infrastructure. In the five-year contract,
Fujitsu will move Mazda from its existing on-premises-based IT
infrastructure to a new model which has its foundations in the public
cloud. On top of that, Fujitsu is implementing state-of-the-art security
and FinOps operations.
Dell Technologies and Fujitsu are
working together to make it easier for communications service providers
(CSPs) to accelerate the adoption and simplify the deployment of open
radio access network (Open RAN) solutions globally. The companies will
pave the path for CSPs to design open networks with the technologies of
their choice by collaborating on Open RAN solutions and initiatives as
well as creating a joint reference architecture that combines Fujitsu’s
expertise in open networking and radio access network software with Dell’s
expertise in open technologies. In addition, Fujitsu’s 5G Open RAN
Interoperability Lab in Richardson, Texas, will be connected to the Dell
Open Telecom Ecosystem Lab in Round Rock, Texas, providing an extended
ORAN test environment for CSPs, ecosystem partners and new ORAN technology
JCB Co., Ltd., JP GAMES, Inc., and Fujitsu
Limited will embark on a one year joint project to improve the
security of distribution and sales of digital data in the metaverse and
gaming world. The three companies will leverage Fujitsu’s hash-chain based
aggregate digital signature technology to create and verify a model for
the clear management of rights regarding the publication and ownership of
data and virtual assets. JCB, JP GAMES, and Fujitsu will use this model to
contribute to individual users’ and companies’ safe and secure use of
various types of data. The new model will not only ensure the rights to
data in the metaverse, but also guarantee the reliability, authenticity,
and traceability of transactions and digital data itself.
Teijin Limited and Fujitsu Limited
launched a joint project to realize a blockchain-based commercial platform
for enhancing the environmental value of recycled materials for
manufacturers. The collaboration will promote environmentally conscious
design by leveraging Teijin’s Life Cycle Assessment (LCA) Calculation
Method for measuring the environmental impact of manufacturing processes
across the value chain, as well as Fujitsu’s blockchain technology to
collect and track primary data on environmental impact (including GHG
emissions) to deliver reliable, transparent traceability. The new platform
will promote the use of recycled materials and environmentally friendly
designs by providing manufacturers who design products from recycled
materials with accurate information about their environmental footprint,
including proof of origin of recycled materials and data on GHG emissions.
Joint trials conducted by Fujitsu
, NTT DOCOMO, Inc., Nippon Telegraph and Telephone Corporation are
underway to realize practical applications for 6G. In the joint trials,
the partners will utilize radio waves in the high frequency range
(sub-terahertz waves) of 100 GHz and 300 GHz, which represent promising
candidates for use in 6G to enable a high-speed communication technology
with radio wave propagation that is not affected by obstacles. The
companies further aim to develop a high-frequency wireless device that
utilizes a compound semiconductor. Through this joint experiment, the
three companies aim to develop technology that is resistant to obstruction
and realizes stable high-speed wireless communication over 100 Gbps.
Fujitsu has signed a strategic
collaboration agreement with Amazon Web Services (AWS) to accelerate the
digital transformation (DX) of customers in the financial and retail
industries with new services to be built on AWS. Under this agreement,
Fujitsu will deploy these new services for customers in Japan and globally
in AWS Marketplace. Fujitsu will additionally leverage AWS Professional
Services to help customers develop and operate new systems, as well as
modernize their existing systems by using the breadth and depth of AWS
services. Using AWS, Fujitsu will develop fully managed services that
package everything from cloud infrastructure to services, centered on its
“Finplex” financial solution and “Brainforce” DX support service for the
financial and retail industries. In addition to providing developed
services directly to customers, Fujitsu is also expanding its outreach in
Japan and international markets by offering new services and applications
through AWS Marketplace, with a target of offering 10 new solutions or
services in 3 years.
Personnel and Organizational
Fujitsu Limited revealed plans to
open a new center for research and development in Tel Aviv. Scheduled to
be completed by April 2023, the newly established location will allow
Fujitsu to further enhance its presence in Israel with a team composed of
experts recruited from Israel alongside researchers from Japan and Europe.
This team will be dedicated to strengthening security technology for
communications networks as part of Fujitsu’s global strategy for Data and
Security, one of five key technology areas under the company’s global
Fujitsu Limited will establish a
new organization to strengthen its governance of AI ethics. The newly
established “AI Ethics and Governance Office,” headed by Junichi Arahori,
will accelerate the safe and secure deployment of leading-edge
technologies including artificial intelligence (AI) and other machine
learning applications in society. The company says this is an effort to
strengthen and enforce comprehensive, company-wide measures to achieve
robust AI ethics governance based on international best-practices,
policies, and legal frameworks. The new office will focus on implementing
measures to actively promote ethics related to the research, development,
and implementation of advanced technologies.
Fujitsu has announced several
personnel changes throughout its executive ranks. Among the new appointees
are: Shunsuke Onishi as senior executive vice president of Global Customer
Success; Masahiro Ohta, executive vice president and CISO; Rupert Lehner,
executive vice president and vice head of System Platform (in charge of
Platform Business); Masaru Yagi, executive vice president and vice head of
Global Customer Success (in charge of Finance Business); Masuo Yasuda,
executive vice president and vice head, Japan Region (in charge of
National Security & Social Systems); Paul Patterson, executive vice
president and CEO, Europe Region; Mikihito Saito, executive vice president
and vice head of Europe Region (in charge of Uvance); and Graeme
Beardsell, executive vice president and CEO, Asia Pacific Region. Stepping
down from their executive officer positions are Naoyoshi Takatsuna, Isamu
Yamamori, and Toshihiko Morita who will be appointed to fellow and advisor
roles within the company.
Fujitsu rebounded in its second
quarter of the 2022 fiscal year with JPY 886.4 in reported revenue.
Revenue in the first half of fiscal 2022 was JPY 1,705.3 billion, up JPY
42.3 billion from the prior year. By business segment, revenue in
Technology Solutions increased by 12.5 billion yen from the prior year. In
Ubiquitous Solutions, revenue declined by 6.4 billion yen from the prior
year, but Device Solutions posted an increase of JPY 32.4 billion from the
prior year. The company says the results are a factor of strong demand as
well as the weak yen also having a positive impact.
For the first quarter of its 2022 fiscal year, Fujitsu
reported revenue (excluding special items) of JPY 818.8 billion, an
increase of JPY 16.8 billion from Q1FY21. The company particularly cited
growth in the Technology Solutions and Electrical Components sectors.
However, the impact of component supply delays led to a reduction in
operating profit of JPY 12.9 billion. Consolidated operating profit was
JPY 25.6 billion, down JPY 8.1 billion from the prior year’s first
Fiscal year 2021 final results were issued by Fujitsu,
showing revenue at JPY 3,586.8 billion, down JPY 2.8 billion from last
year. The company says that, excluding the impact of business
restructurings – especially the sale of the mobile telephone operations –
revenue increased by 32.3 billion yen, or 0.9 percent. The increase was
driven by the network products business and electronic components.
Operating profit was JPY 275.6 billion, up JPY 28.2 billion from the prior
year, an improvement attributed to improved profitability in Technology
Solutions and the impact of higher revenue from electronic components.
Fujitsu reported financial results
for the third quarter of its fiscal year 2021. The quarter ending December
31, 2020, saw revenue down two percent to JPY 880.5 billion from JPY 894.4
billion last year. Operating profit was JPY 65.2 billion, as compared to
an operating profit JPY 93.5 billion in Q3 2021, a 30 percent drop. The
company said that continued supply delays for semiconductors and
electronic components contributed to the downturn. In addition, profits
were “significantly impacted” by a one-time gain on the sale of its mobile
phone retail business recorded last year did not recur this year as well
as a reduction in the tax expense burden due to the restructuring of its
North American business and the liquidation of a subsidiary.
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