Fujitsu Reports Fiscal 2014 First Quarter Financial Results

July 31, 2014

TOKYO, Japan, July 31 — Fujitsu today reported a profit for the first quarter attributable to owners of the parent of 6.8 billion yen (US$67 million), representing an improvement of 16.0 billion yen compared to the loss posted in the first quarter of fiscal 2013.

From the first quarter of fiscal 2014, the Fujitsu Group has adopted International Financial Reporting Standards (IFRS). In addition, consolidated financial statements for the previous fiscal year’s first quarter and for the full 2013 fiscal year are presented in accordance with IFRS.

Consolidated revenue for the first quarter of fiscal 2014 amounted to 1,068.6 billion yen (US$10,580 million), an increase of 6.9% from the first quarter of fiscal 2013. Revenue in Japan increased 8.1%. Revenue from mobile phones and PCs rose significantly, and revenue from system integration services also increased, primarily from the public sector and financial services sector. Outside of Japan, revenue rose 5.3%, but was essentially unchanged on a constant-currency basis. Revenue from LSI devices and electronic components declined, but higher revenue from car audio and navigation systems was recorded in North America, and revenue of PCs grew in Europe.

Gross profit was 280.9 billion yen, an increase of 21.0 billion yen from the first quarter of fiscal 2013. The gross profit margin was 26.3%, an increase of 0.3 of a percentage point from the first quarter of the previous fiscal year as a result of improved profitability in mobile phones and other factors. Selling, general and administrative expenses were 274.4 billion yen, essentially unchanged from the first quarter of fiscal 2013. Other income (expenses) was 0.8 billion yen, a decline of 1.6 billion yen from the first quarter of fiscal 2013. This was attributable to the one-time posting of profit associated with a partial buyout of the retirement benefit plan of a European subsidiary, and other factors, in the first quarter of the previous fiscal year.

Fujitsu recorded an operating profit of 7.2 billion yen (US$71 million), an improvement of 18.0 billion yen from the previous fiscal year’s first quarter. In addition to the positive impact from higher revenue, results benefited from structural reforms implemented last fiscal year in the mobile phone business and other areas.

Profit before income taxes amounted to 10.4 billion yen. This was on account of the addition of income from investments accounted for using the equity method, net to operating profit, and other factors.

President Masami Yamamoto commented: “I am delighted to report to our shareholders and investors, that for the first time since fiscal 2010, we have achieved operating profit in a first quarter. This is on account of improved profits in line with recovery to ICT investments in Japan, as well as being able to enjoy the benefits of structural reforms to our mobile phone business in the Ubiquitous Solutions segment. In fiscal 2013 we were able to set consistent goals for structural reforms, which put us on course for our May 29 announcement of a new medium-term management plan, commencing in fiscal 2014, and forward on to achieving sustainable growth. Together with steadily expanding our footprint in ICT domains, both in and outside of Japan, we are striving to achieve our fiscal 2014 operating profit and net profit goals, and to meeting our medium-term objectives.”

Business Segment Results

Consolidated revenue in the Technology Solutions segment amounted to 708.0 billion yen (US$7,010 million), an increase of 4.5% from the same period in fiscal 2013. Revenue in Japan rose 3.2%. Revenue from system integration services rose, primarily in the financial services and public sectors. For network products, revenue rose as a result of the high level of spending by telecommunications carriers to expand their LTE coverage areas. Revenue outside Japan increased 6.4%, but declined by 1% on a constant currency basis. Overall revenue from infrastructure services declined as a result of temporary sluggishness in hardware-related demand in continental Europe. There was a decline in revenue from optical transmission systems in North America as this was a slow period for investment spending in this segment on the part of telecommunications carriers. The segment posted an operating profit of 11.4 billion yen (US$113 million), a decline of 2.9 billion yen compared to the first quarter of fiscal 2013. In Japan, operating profit rose on the impact of higher revenue. Outside Japan, operating profit declined on the impact of lower revenue in the infrastructure services business in addition to a one-time posting of profit related to a partial buyout of a retirement benefit plan of a European subsidiary in the prior fiscal year’s first quarter.

Consolidated revenue in the Ubiquitous Solutions segment amounted to 268.9 billion yen (US$2,662 million), an increase of 24.5% from the first quarter of fiscal 2013. Revenue in Japan was up by 24.6%. Contributing factors included increased unit sales of PCs on account of higher demand for upgrades as a consequence of the ending of support for an operating system. For mobile phones, in addition to strong revenue in the Raku-Raku series, the launch of new models contributed to increased revenue. Revenue outside Japan increased 24.4%, and even on a constant currency basis rose 19%, primarily owing to higher revenue from PCs in Europe and Mobilewear in North America. The segment posted an operating profit of 8.7 billion yen (US$86 million), an improvement of 25.7 billion yen from the first quarter of the previous fiscal year. In addition to the impact of higher revenue, income from mobile phones increased because of the impact of the structural reforms implemented last fiscal year, a decline in costs relating to quality issues and a further reduction in operating costs.

Consolidated revenue in the Device Solutions segment amounted to 135.2 billion yen (US$1,339 million), a decrease of 7% from the same period of fiscal 2013. In Japan, revenue from both LSI devices and electronic components was essentially unchanged from the first quarter of fiscal 2013. Outside Japan, revenue decreased 13.7%. The segment posted an operating profit of 3.3 billion yen (US$33 million), a decline of 3.8 billion yen compared to the first quarter of fiscal 2013 primarily because of lower revenue.

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 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!

ASC17 Makes Splash at Wuxi Supercomputing Center

April 24, 2017

A record-breaking twenty student teams plus scores of company representatives, media professionals, staff and student volunteers transformed a formerly empty hall inside the Wuxi Supercomputing Center into a bustling hub of HPC activity, kicking off day one of 2017 Asia Student Supercomputer Challenge (ASC17). Read more…

By Tiffany Trader

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

NERSC Cori Shows the World How Many-Cores for the Masses Works

April 21, 2017

As its mission, the high performance computing center for the U.S. Department of Energy Office of Science, NERSC (the National Energy Research Supercomputer Center), supports a broad spectrum of forefront scientific research across diverse areas that includes climate, material science, chemistry, fusion energy, high-energy physics and many others. Read more…

By Rob Farber

HPE Extreme Performance Solutions

Remote Visualization Optimizing Life Sciences Operations and Care Delivery

As patients continually demand a better quality of care and increasingly complex workloads challenge healthcare organizations to innovate, investing in the right technologies is key to ensuring growth and success. Read more…

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

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

ASC17 Makes Splash at Wuxi Supercomputing Center

April 24, 2017

A record-breaking twenty student teams plus scores of company representatives, media professionals, staff and student volunteers transformed a formerly empty hall inside the Wuxi Supercomputing Center into a bustling hub of HPC activity, kicking off day one of 2017 Asia Student Supercomputer Challenge (ASC17). Read more…

By Tiffany Trader

NERSC Cori Shows the World How Many-Cores for the Masses Works

April 21, 2017

As its mission, the high performance computing center for the U.S. Department of Energy Office of Science, NERSC (the National Energy Research Supercomputer Center), supports a broad spectrum of forefront scientific research across diverse areas that includes climate, material science, chemistry, fusion energy, high-energy physics and many others. Read more…

By Rob Farber

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

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

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

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

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

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

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

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