TYO:6702

11 stories mentioning TYO:6702Updated 9h ago

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Fujitsu's Fiscal Q1 Attributable Profit Falls 77% on One-Off Comparison, Maintains Outlook

Fujitsu's (TYO:6702) attributable profit fell 77% in the first quarter as the absence of a one-time gain from the sale of Shinko Electric Industries shares weighed on reported earnings.Profit attributable to owners of the parent declined to 40.1 billion yen in the quarter ended June 30 from 171.8 billion yen a year earlier, according to the company's earnings release on Thursday.Revenue rose 3.9% to 779.4 billion yen from 749.9 billion yen, while operating profit climbed 57% to 52.5 billion yen from 33.5 billion yen.The prior-year quarter included a gain on the disposal of Shinko Electric Industries shares.Fujitsu said "strong growth in Uvance and modernization" underpinned its service solutions business during the quarter.Manufacturing customers drove growth in the enterprise segment, while finance, local government, public racing and defense customers led expansion in the public segment.The company added that adjusted operating profit benefited from "steady progress in profitability improvements, in addition to the benefit of higher revenue."The service solutions business remained the group's main growth engine. Revenue increased 6.7% to 549.0 billion yen from 514.6 billion yen, while adjusted operating profit rose 31% to 62.8 billion yen from 47.8 billion yen.Revenue from the Uvance business climbed 31% to 192.2 billion yen, and orders jumped 51% to 193.3 billion yen.The company also expanded the use of artificial intelligence across nearly all system integration projects and has begun integrating multi-agent AI into its modernization services, targeting a nearly 40% reduction in delivery time.Fujitsu maintained its full-year forecast for revenue of 3.51 trillion yen, operating profit of 415 billion yen and profit attributable to owners of the parent of 310 billion yen.On an adjusted basis, it continues to expect operating profit of 425 billion yen and adjusted profit attributable to owners of the parent of 320 billion yen.

TYO:6702

Asia14d ago

Fujitsu Teams Up With Japan's Robotics Majors for Physical AI Push

Fujitsu (TYO:6702) has partnered with robotics companies Fanuc (TYO:6954), Yaskawa Electric (TYO:6506), and Kawasaki Heavy Industries (TYO:7012) to delve into opportunities in robotics-powered physical AI, according to a Thursday statement.Under this effort, the companies plan to develop a collaborative control platform that uses technology from chip producer NVIDIA.The cooperation also aims to foster an environment where "humans and robots coexist and collaborate" while boosting Japan's industrial competitiveness, Fujitsu said.The collaboration will cover sectors such as manufacturing, retail, logistics and health care.

TYO:6506TYO:6702TYO:6954TYO:7012

Japan44d ago

Nikkei 225 Crosses 70,000 Intraday, Closes with Tepid Gains After Bank of Japan Hikes Rates

Japanese equities closed with mild gains on Tuesday after crossing the 70,000 mark for the first time intraday, as investors cheered the rate hike by the central bank.The Nikkei 225 closed up 87.00 points or 0.13% close at 69,404.50.The Bank of Japan raised its benchmark policy rate to 1.0% from 0.75% at the conclusion of its monetary policy meeting on Tuesday. The decision, approved by a 7-1 vote, was in line with market expectations.The central bank said Japan's economy continues to recover moderately, although geopolitical uncertainties remain risks to the outlook.On the corporate side, Internet Initiative Japan (TYO:3774) completed payment for the disposal of 68,111 treasury shares under its restricted stock remuneration plan. The shares were disposed of at 3,064 yen each, totaling 208.7 million yen.Also, Fujitsu (TYO:6702) Chairman Hidenori Furuta resigned on Tuesday following "woman-related inappropriate conduct," Reuters reported Tuesday, citing a company spokesperson.

Nikkei 225TYO:3774TYO:6702

Asia44d ago

Fujitsu Chairman Resigns Following Inappropriate Conduct

Fujitsu (TYO:6702) Chairman Hidenori Furuta resigned on Tuesday following "woman-related inappropriate conduct," Reuters reported Tuesday, citing a company spokesperson.Furuta will also not stand for election to the company's board at the firm's upcoming annual meeting.The company did not disclose additional details regarding the conduct, according to the report.

TYO:6702

Asia56d ago

LiComm Wins Optical Communication Network Equipment Order from 1Finity; LiComm Shares Jump 30%

Electronics manufacturer LiComm (KOSDAQ:388790) secured an order for optical communication network equipment from Fujitsu (TYO:6702) subsidiary and telecommunications and network solutions firm 1Finity, according to a Thursday filing with the Korea Exchange.The contract, valued at 3.87 billion won, is valid till Dec. 6, 2027.Shares of LiComm jumped nearly 30% in recent trade, while those of Fujitsu fell nearly 3%.

KOSDAQ:388790TYO:6702

Research62d ago

CLSA Downgrades Fujitsu to Accumulate From Buy; Price Target is 4,300 Yen

Fujitsu (TYO:6702) has an average rating of overweight and mean price target of 4,449.29 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TYO:6702

Asia63d ago

Fujitsu Declares Higher Final Dividend in Fiscal Year 2025

Fujitsu (TYO:6702) declared a year-end dividend of 35 yen per share for the fiscal year 2025, matching earlier forecasts and also higher than the 14 yen per share paid a year ago.The total dividend payment amounts to 60.7 billion yen, payable from retained earnings on June 8, according to a Tokyo bourse filing on Thursday.The company's basic policy targets a consolidated dividend payout ratio that supports sustainable growth and shareholder returns.For the fiscal year 2026, Fujitsu forecasts full-year dividends of 55 yen per share, consisting of an interim dividend of 25 yen and a year-end dividend of 30 yen.

TYO:6702

Asia93d ago

Fujitsu's Profit Surges 105% in Fiscal Year 2025

Fujitsu's (TYO:6702) profit attributable to owners of the parent soared 105% to 449.4 billion yen for the fiscal year 2025 from 219.8 billion yen a year earlier.The ICT company's earnings per share increased to 254.05 yen from 120.66 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue slipped 1.3% to 3.503 trillion yen for the full year ended March 31 from 3.55 trillion yen in the prior year.For the period, adjusted attributable profit surged 24% to 298.3 billion yen from 241 billion yen, and adjusted EPS increased to 168.62 yen from 132.28 yen, while revenue is unchanged at 3.503 trillion yen.Adjusted operating profit is operating profit excluding one-time gains/losses from business restructuring, M&A, and institutional changes.Fujitsu declared a final dividend of 35 yen per share, payable from June 8.For the fiscal year 2026, the company expects attributable profit of 310 billion yen, basic EPS of 182.43 yen, and net revenue of 3.51 trillion yen.In terms of adjusted results, Fujitsu expects attributable profit of 320 billion yen, and EPS of 188.31 yen for the period, while revenue estimates remain the same.Fujitsu plans to pay interim and year-end dividends of 25 yen and 30 yen per share, respectively, for the year, higher than the amounts paid in the year-ago period.

TYO:6702

Asia97d ago

S&P Sees Strong Earnings for Japan's Major Electronics Producers Amid Diversification Efforts

Japanese diversified electronics makers will see robust earnings in the next few years as they compete with peers abroad through efforts that boost and diversify business segments, S&P Global Ratings said in a recent release.The eight major players in the segments have adjusted their business focus over the past 10 to 15 years, resulting in steadier and more profitable business blends, the rating agency said.These changes involve a shift from traditional electronics products to non-electronics segments such as entertainment, service solutions, IT services, and branded consumer appliances.The nontraditional segments offer steady income from subscriptions, long-term contracts, after-sales services, and customer loyalty, S&P said.A narrower risk of technological innovation in these areas also makes sustaining a competitive advantage easier, according to S&P.The major companies include Sony Group (TYO:6758), Hitachi (TYO:6501), Mitsubishi Electric (TYO:6503), Panasonic Holdings (TYO:6752), NEC (TYO:6701), Fujitsu (TYO:6702), Toshiba (TYO:6588), and Sharp (TYO:6753).Further portfolio review and bolstering will be crucial for the companies' credit quality amid elevated competition abroad and a fast-changing business environment, S&P said.Ensuing growth investments could hit the companies' financial metrics, although controlled financial management should be a mitigating factor, S&P said.The rating agency expects the companies to broadly cover expenditure with operating cash flow, with potential asset sales to ease a marked rise in financial burden.

Nikkei 225TYO:6501TYO:6503TYO:6588TYO:6701TYO:6702TYO:6752TYO:6753TYO:6758

Asia107d ago

Japan Stocks Rise as Wall Street Gains Lift Sentiment Amid Iran Talks Hopes

Japanese equities closed higher Tuesday, tracking Wall Street gains as improved risk sentiment followed U.S. President Donald Trump's comments that Iran remained open to talks despite tensions over the Strait of Hormuz.The Nikkei 225 rose 2.43%, or 1,374.62 points, to close at 57,877.39.The US and Iran are exploring another round of talks to extend a ceasefire after negotiations over the weekend ended without an agreement.The move comes after Trump ordered a naval blockade of the Strait of Hormuz to increase pressure on Tehran, despite the ongoing diplomatic efforts. The blockade threatens to disrupt global energy flows and escalate regional tensions, with key allies urging Washington to de-escalate.On the corporate front, Orix (TYO:8591) rose 3% after agreeing to sell its full stake in IX NTI Holdings to an Olympus Partners affiliate, with the deal subject to approvals and uncertain financial impact.Shiseido (TYO:4911) fell 3% after a report said foreign brands are relying on premium strategies to navigate weak consumer spending in China amid rising local competition.Fujitsu (TYO:6702) gained 4% as the company is reportedly pivoting toward AI services to tap global demand for alternatives to U.S. technology.

Nikkei 225TYO:4911TYO:6702TYO:8591

Asia107d ago

Market Chatter: Japan's Fujitsu Bets on Hardware-AI Package as Europe Seeks Alternatives to U.S. Dominance

Japanese ICT firm Fujitsu (TYO:6702) is pivoting to become an AI business by merging its electronics manufacturing roots with AI services, aligning with Europe's push to reduce U.S. tech dependence, Nikkei Asia reported Tuesday.While the U.S. and China currently dominate IT and AI, Fujitsu aims to offer AI as an integrated package, a strategy bolstered by global efforts to develop domestically controlled AI technologies due to economic security concerns, the publication said.At a February forum in Stockholm, Fujitsu executive Mikihito Saito heard repeated calls from European officials and defense leaders for reducing their reliance on U.S.-based AI, the news agency said.This growing demand for non-American AI solutions further supports Fujitsu's repositioning in the global market, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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