Fujitsu cuts earnings estimate

March 2, 2001–Tokyo, Japan–Fujitsu Ltd. expects that it will see about 34% growth in its sales of semiconductors for the fiscal year ending March 31, not the 41% increase it expected as recently as October, on slower sales of logic chips for consumer products and personal computers.

Fujitsu projects operating margins will be about 15% of its $6.5 billion device sales, not the 17% it expected, but markedly better than last year’s 4%. The company now forecasts total net earnings will be only about $86 million (Y10 billion), and says that it will earn 77% less for the year ending March 31 than projected in October.


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