Fujitsu Reports Fiscal 2013 Financial Results

April 30, 2014

TOKYO, Japan., April 30 — Fujitsu today reported consolidated net income of 48.6 billion yen (US$472 million), representing an improvement of 128.5 billion yen from fiscal 2012.

Consolidated net sales for fiscal 2013 were 4,762.4 billion yen (US$46,237 million), up 8.7% from fiscal 2012. Sales in Japan rose by 2.7%. Sales of system integration services increased, primarily to the public sector and financial services sector, and there were also higher sales of network products and PCs. Outside of Japan, sales rose by 20.2%, up by 1% on a constant-currency basis.

Gross profit was 1,269.1 billion yen, up 65.4 billion yen from fiscal 2012. Despite the decline in mobile phone sales, gross profit increased due to the impact of foreign exchange fluctuations and the beneficial effects of initiatives to improve profitability. Selling, general and administrative expenses were 1,126.6 billion yen, an increase of 11.1 billion yen from fiscal 2012, mainly attributable to the weaker yen.

As a result, Fujitsu recorded an operating income of 142.5 billion yen (US $1,383 million), an increase of 54.2 billion yen from the previous fiscal year. Structural reforms in the LSI device business and businesses outside of Japan contributed approximately 30.0 billion yen to this increase, and the impact of workforce-related measures contributed approximately 20.0 billion yen.

“Throughout fiscal 2013, we saw a strong recovery in IT spending in Japan. We achieved significant improvements in profits by taking measures to deal with issues in the LSI device business and businesses outside Japan, as well as by taking workforce-related measures and initiatives to reduce corporate expenses. I’m happy to announce, as a result, that we were able to achieve the initial financial targets we set at the beginning of the year,” commented Fujitsu’s President Masami Yamamoto. “Fiscal 2014 will be the milestone year to achieve our medium term targets. We will be shifting resources for strategic investment in order to achieve mid- and long-term growth.”

Business Segment Results

Consolidated net sales in the Technology Solutions segment amounted to 3,243.0 billion yen (US$31,485 million), an increase of 10.2% from fiscal 2012. Sales in Japan increased 6.1%. In system integration services, sales increased, primarily in the public sector and financial services sector, as customers increased investment spending. In network products, overall sales increased as a result of spending by telecommunications carriers to increase LTE service area coverage and boost transmission speeds. Server-related sales increased due to large-scale systems deals in the public sector. In infrastructure services, sales of outsourcing services remained steady. Sales outside Japan increased 18.2% but were essentially unchanged on a constant-currency basis. The segment posted operating income of 209.1 billion yen (US$2,030 million), up 35.1 billion yen compared to fiscal 2012. In Japan, the increase was mainly owing to higher sales of system integration services and network products, in addition to the effect of workforce-related measures. Outside Japan, operating income benefited from structural reforms and lower amortization expenses for goodwill, as well as from higher sales of network products.

Consolidated net sales in the Ubiquitous Solutions segment were 1,125.4 billion yen (US$10,926 million), up 3.2% from fiscal 2012. Sales in Japan were down by 3.5%. There was a significant increase in enterprise PC sales on higher demand for upgrades in accordance with the ending of support for an operating system product. Sales outside Japan increased 23.9%. On a constant-currency basis, sales increased 7%. The segment posted an operating loss of 22.1 billion yen (US$215 million), a deterioration of 31.7 billion yen from fiscal 2012. In Japan, operating income for mobile phones was adversely impacted by the sharp decline in unit sales, as well as higher costs due to functionality enhancements and the weaker yen.

Consolidated net sales in Device Solutions amounted to 600.2 billion yen (US$582.7 million), an increase of 11.1% compared to fiscal 2012. Sales in Japan fell 1.3%. Sales of LSI devices used in mobile phones increased, but those used in digital audio-visual equipment and IT equipment decreased. Sales outside Japan rose 26.1%. On a constant-currency basis, sales increased by 5%. The segment recorded operating income of 28.3 billion yen (US$275 million), representing an improvement of 42.6 billion yen from fiscal 2012. In Japan, operating income benefited from lower overhead expenses owing to an early retirement incentive plan and other factors in the LSI device business.

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 162,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$46 billion) for the fiscal year ended March 31, 2014. For more information, please see http://www.fujitsu.com.

Source: Fujitsu

Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industy updates delivered to you every week!

Musk’s Latest Startup Eyes Brain-Computer Links

April 21, 2017

Elon Musk, the auto and space entrepreneur and severe critic of artificial intelligence, is forming a new venture that reportedly will seek to develop an interface between the human brain and computers. Read more…

By George Leopold

MIT Mathematician Spins Up 220,000-Core Google Compute Cluster

April 21, 2017

On Thursday, Google announced that MIT math professor and computational number theorist Andrew V. Sutherland had set a record for the largest Google Compute Engine (GCE) job. Sutherland ran the massive mathematics workload on 220,000 GCE cores using preemptible virtual machine instances. Read more…

By Tiffany Trader

Nvidia P100 Shows 1.3-2.3x Speedup Over K80 GPU on Financial Apps

April 20, 2017

When it comes to the true performance of the latest silicon, every end user knows that the best processor is the one that works best for their application. Read more…

By Tiffany Trader

Quantum Adds Global Smarts to StorNext File System

April 20, 2017

Companies that use Quantum’s StorNext platform to store massive amounts of data this week got a glimpse of new storage capabilities that should make it easier to access their data horde from anywhere in the world. Read more…

By Alex Woodie

HPE Extreme Performance Solutions

HPC-Driven Weather Simulations Improving Forecasting Capabilities

In September of 1938, a massive hurricane traversed the Atlantic Ocean and made landfall in New England. Due to inadequate and incorrect forecasting, the storm struck farther north and with greater intensity than had been predicted, leaving residents and authorities with virtually no warning or time to properly prepare. Read more…

Scaling an HPC Career in Nepal Can Be a Steep Climb

April 20, 2017

Umesh Upadhyaya works as an IT Associate at the International Centre for Integrated Mountain Development (ICIMOD) in Nepal, which supports the country’s one and only HPC facility. He is directly involved in an initiative that focuses on climate change and atmosphere modeling Read more…

By Nages Sieslack

Hyperion (IDC) Paints a Bullish Picture of HPC Future

April 20, 2017

Hyperion Research – formerly IDC’s HPC group – yesterday painted a fascinating and complicated portrait of the HPC community’s health and prospects at the HPC User Forum held in Albuquerque, NM. HPC sales are up and growing ($22 billion, all HPC segments, 2016). Read more…

By John Russell

Intel Open Sources All Lustre Work, Brent Gorda Exits

April 19, 2017

In a letter to the Lustre community posted on the Intel website, Vice President of Intel's Data Center Group Trish Damkroger writes that effective immediately the company will be contributing all Lustre development to the open source community. Damkroger also announced that Brent Gorda, General Manager, High Performance Data Division at Intel is leaving the company. Read more…

By Tiffany Trader

Facebook Open Sources Caffe2; Nvidia, Intel Rush to Optimize

April 18, 2017

From its F8 developer conference in San Jose, Calif., today, Facebook announced Caffe2, a new open-source, cross-platform framework for deep learning. Caffe2 is the successor to Caffe, the deep learning framework developed by Berkeley AI Research and community contributors. Read more…

By Tiffany Trader

Hyperion (IDC) Paints a Bullish Picture of HPC Future

April 20, 2017

Hyperion Research – formerly IDC’s HPC group – yesterday painted a fascinating and complicated portrait of the HPC community’s health and prospects at the HPC User Forum held in Albuquerque, NM. HPC sales are up and growing ($22 billion, all HPC segments, 2016). Read more…

By John Russell

Knights Landing Processor with Omni-Path Makes Cloud Debut

April 18, 2017

HPC cloud specialist Rescale is partnering with Intel and HPC resource provider R Systems to offer first-ever cloud access to Xeon Phi "Knights Landing" processors. The infrastructure is based on the 68-core Intel Knights Landing processor with integrated Omni-Path fabric (the 7250F Xeon Phi). Read more…

By Tiffany Trader

CERN openlab Explores New CPU/FPGA Processing Solutions

April 14, 2017

Through a CERN openlab project known as the ‘High-Throughput Computing Collaboration,’ researchers are investigating the use of various Intel technologies in data filtering and data acquisition systems. Read more…

By Linda Barney

DOE Supercomputer Achieves Record 45-Qubit Quantum Simulation

April 13, 2017

In order to simulate larger and larger quantum systems and usher in an age of “quantum supremacy,” researchers are stretching the limits of today’s most advanced supercomputers. Read more…

By Tiffany Trader

Penguin Takes a Run at the Big Cloud Providers

April 12, 2017

HPC specialist Penguin Computing recently re-ran benchmarks from a study of its larger brethren and says the results show its ‘public cloud’ – Penguin on Demand (POD) – is among the leaders in cost and performance. Read more…

By John Russell

Nvidia Responds to Google TPU Benchmarking

April 10, 2017

Nvidia highlights strengths of its newest GPU silicon in response to Google's report on the performance and energy advantages of its custom tensor processor. Read more…

By Tiffany Trader

HPC and the Colocation Datacenter – a Bridge Too Far?

April 7, 2017

A more standardised HPC platform approach is making the running of HPC projects within increasing financial reach. Read more…

By Clive Longbottom, Quocirca

Google Pulls Back the Covers on Its First Machine Learning Chip

April 6, 2017

This week Google released a report detailing the design and performance characteristics of the Tensor Processing Unit (TPU), its custom ASIC for the inference phase of neural networks (NN). Read more…

By Tiffany Trader

Google Pulls Back the Covers on Its First Machine Learning Chip

April 6, 2017

This week Google released a report detailing the design and performance characteristics of the Tensor Processing Unit (TPU), its custom ASIC for the inference phase of neural networks (NN). Read more…

By Tiffany Trader

Quantum Bits: D-Wave and VW; Google Quantum Lab; IBM Expands Access

March 21, 2017

For a technology that’s usually characterized as far off and in a distant galaxy, quantum computing has been steadily picking up steam. Read more…

By John Russell

Trump Budget Targets NIH, DOE, and EPA; No Mention of NSF

March 16, 2017

President Trump’s proposed U.S. fiscal 2018 budget issued today sharply cuts science spending while bolstering military spending as he promised during the campaign. Read more…

By John Russell

HPC Compiler Company PathScale Seeks Life Raft

March 23, 2017

HPCwire has learned that HPC compiler company PathScale has fallen on difficult times and is asking the community for help or actively seeking a buyer for its assets. Read more…

By Tiffany Trader

Nvidia Responds to Google TPU Benchmarking

April 10, 2017

Nvidia highlights strengths of its newest GPU silicon in response to Google's report on the performance and energy advantages of its custom tensor processor. Read more…

By Tiffany Trader

For IBM/OpenPOWER: Success in 2017 = (Volume) Sales

January 11, 2017

To a large degree IBM and the OpenPOWER Foundation have done what they said they would – assembling a substantial and growing ecosystem and bringing Power-based products to market, all in about three years. Read more…

By John Russell

CPU-based Visualization Positions for Exascale Supercomputing

March 16, 2017

In this contributed perspective piece, Intel’s Jim Jeffers makes the case that CPU-based visualization is now widely adopted and as such is no longer a contrarian view, but is rather an exascale requirement. Read more…

By Jim Jeffers, Principal Engineer and Engineering Leader, Intel

TSUBAME3.0 Points to Future HPE Pascal-NVLink-OPA Server

February 17, 2017

Since our initial coverage of the TSUBAME3.0 supercomputer yesterday, more details have come to light on this innovative project. Of particular interest is a new board design for NVLink-equipped Pascal P100 GPUs that will create another entrant to the space currently occupied by Nvidia's DGX-1 system, IBM's "Minsky" platform and the Supermicro SuperServer (1028GQ-TXR). Read more…

By Tiffany Trader

Leading Solution Providers

Tokyo Tech’s TSUBAME3.0 Will Be First HPE-SGI Super

February 16, 2017

In a press event Friday afternoon local time in Japan, Tokyo Institute of Technology (Tokyo Tech) announced its plans for the TSUBAME3.0 supercomputer, which will be Japan’s “fastest AI supercomputer,” Read more…

By Tiffany Trader

IBM Wants to be “Red Hat” of Deep Learning

January 26, 2017

IBM today announced the addition of TensorFlow and Chainer deep learning frameworks to its PowerAI suite of deep learning tools, which already includes popular offerings such as Caffe, Theano, and Torch. Read more…

By John Russell

Is Liquid Cooling Ready to Go Mainstream?

February 13, 2017

Lost in the frenzy of SC16 was a substantial rise in the number of vendors showing server oriented liquid cooling technologies. Three decades ago liquid cooling was pretty much the exclusive realm of the Cray-2 and IBM mainframe class products. That’s changing. We are now seeing an emergence of x86 class server products with exotic plumbing technology ranging from Direct-to-Chip to servers and storage completely immersed in a dielectric fluid. Read more…

By Steve Campbell

BioTeam’s Berman Charts 2017 HPC Trends in Life Sciences

January 4, 2017

Twenty years ago high performance computing was nearly absent from life sciences. Today it’s used throughout life sciences and biomedical research. Genomics and the data deluge from modern lab instruments are the main drivers, but so is the longer-term desire to perform predictive simulation in support of Precision Medicine (PM). There’s even a specialized life sciences supercomputer, ‘Anton’ from D.E. Shaw Research, and the Pittsburgh Supercomputing Center is standing up its second Anton 2 and actively soliciting project proposals. There’s a lot going on. Read more…

By John Russell

HPC Startup Advances Auto-Parallelization’s Promise

January 23, 2017

The shift from single core to multicore hardware has made finding parallelism in codes more important than ever, but that hasn’t made the task of parallel programming any easier. Read more…

By Tiffany Trader

HPC Technique Propels Deep Learning at Scale

February 21, 2017

Researchers from Baidu’s Silicon Valley AI Lab (SVAIL) have adapted a well-known HPC communication technique to boost the speed and scale of their neural network training and now they are sharing their implementation with the larger deep learning community. Read more…

By Tiffany Trader

US Supercomputing Leaders Tackle the China Question

March 15, 2017

Joint DOE-NSA report responds to the increased global pressures impacting the competitiveness of U.S. supercomputing. Read more…

By Tiffany Trader

IDG to Be Bought by Chinese Investors; IDC to Spin Out HPC Group

January 19, 2017

US-based publishing and investment firm International Data Group, Inc. (IDG) will be acquired by a pair of Chinese investors, China Oceanwide Holdings Group Co., Ltd. Read more…

By Tiffany Trader

  • arrow
  • Click Here for More Headlines
  • arrow
Share This