OREANDA-NEWS. Fujitsu reported a consolidated net loss of 21.9 billion yen, representing an improvement of 3.5 billion yen compared to the loss posted in the first quarter of fiscal 2012. The operating loss was an improvement over April projections. Fujitsu is keeping the full-year projections unchanged.

Net sales were 999.2 billion yen for the first quarter of fiscal 2013, an increase of 4.4% from the first quarter of fiscal 2012. Sales in Japan declined by 5.7%. Sales of system integration services rose, but mobile phone and PC sales declined. Sales outside Japan rose 22.8%. On a constant currency basis, sales rose by 3%. Sales increased largely because of a recovery in demand for optical transmission systems in North America, as well as higher sales of LSI devices and electronic components. The impact of foreign exchange fluctuations for the first quarter was to increase net sales by approximately 65.0 billion yen.

Gross profit was 259.6 billion yen, an increase of 8.9 billion yen from the first quarter of fiscal 2012. Selling, general and administrative expenses were 282.4 billion yen, an increase of 5.0 billion yen from the first quarter of fiscal 2012, primarily as a result of yen depreciation.

Fujitsu recorded an operating loss of 22.8 billion yen, an improvement of 3.9 billion yen from last fiscal year's first quarter.