TOKYO-Fujitsu, a leading telecommunications vendor in Japan, is going to restructure its overseas telecommunications business. To promote the restructuring in its telecommunications business, as well as other sectors, Fujitsu will allocate a 60 billion yen (US$502.8 million) expense in fiscal year 2002, ending in March 2003.
Fujitsu announced its business results for the April to June period. The firm’s revenues dropped by 10 percent on the year to 982 billion (US$8.2 billion) yen, partly due to a significant drop in its telecommunications business. Sales for the communications and server business dropped by 20 percent on the year to 379 billion yen (US$3.2 billion), and the segment ran a 12.9 billion yen (US$108 million) operating loss. Fujitsu is considering decreasing production at Fujitsu Network Communications in Texas, which produces optical communications machines and devices.
