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4-Traders Homepage  >  Equities  >  Tokyo  >  Fujitsu Ltd    6702   JP3818000006

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Fujitsu : NZ slumps into red despite revenue increase

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09/05/2017 | 10:24am CEST

Fujitsu New Zealand has plunged into the red with a $603,000 loss for the latest financial year, despite recording an increase in revenue.

The company recorded revenue of $173.8 million for the year ending 31 March 2017 up 3.5% from 2016s $168.0 million.

Expenses, however, were up 5.7%, from $164.2 million to $173.6 million, with the company taking a $3.3 million impairment hit, including $2.7 million from plant and equipment and $272,000 from infrastructure building.

Net profit before tax slumped from $4.0 million last year to just $394,000 with total comprehensive income dropping from $2.8 million to a loss of $603,000.

The news wasnt all bad, though with the vendor ending the financial year with cash and cash equivalents up from $3.4 million to $5.9 million. Net foreign exchange gain was up from $38,000 to $84,000.

The loss came in a year when Fujitsu claimed a several top partner awards, including Aruba Growth Partner of the Year, in the HPE New Zealand awards and a Citrix Innovation Award for its Christchurch earthquake recovery work with Statistics New Zealand.

Fujitsu partnered with Statistics New Zealand in a deal which sawa the government agency deploy Fujitsus Government DaaS (GoDaaS) service to kick start a significant digital transformation.

(c) 2017 Daily Tribune. All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JPY)
Sales 2018 4 108 B
EBIT 2018 -
Net income 2018 143 B
Finance 2018 9 039 M
Yield 2018 1,34%
P/E ratio 2018 12,11
P/E ratio 2019 11,59
EV / Sales 2018 0,42x
EV / Sales 2019 0,39x
Capitalization 1 744 B
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 913  JPY
Spread / Average Target 8,4%
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Managers
NameTitle
Tatsuya Tanaka President & Representative Director
Masami Yamamoto Chairman
Kazuhiro Igarashi Head-Business Operations Group
Hidehiro Tsukano CFO, Director & Senior Managing Executive Officer
Shingo Kagawa CTO & Senior Managing Executive Officer
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