Fujitsu Expects Profit in Next Fiscal Year

Fujitsu Ltd., Japan’s biggest maker of business computers, said it expects a return to profit in its fiscal year starting April 1 on a rise in software services sales and cost savings achieved through job cuts. The Tokyo electronics maker needs to post operating profit of $750 million to $1.25 billion in its coming fiscal year “to proclaim recovery in earnings,” a Fujitsu executive said. The profit would contrast with a $562-million operating loss projected for Fujitsu’s current business year.

Fujitsu expects to achieve $1.05billion in cost savings through 21,900 job cuts and other expense reductions. Fujitsu’s shares fell 3.8% in Tokyo trading.