OREANDA-NEWS. Fujitsu reported a consolidated net loss of 72.9 billion yen for the full year of fiscal 2012, a year-on-year deterioration of 115.6 billion yen, primarily as a result of extraordinary loss stemming from the LSI device business. This was 22.0 billion yen less than the Company's consolidated projections announced in February 2013.

Full-year consolidated net sales totaled 4,381.7 billion yen, a year-on-year decline of 1.9%. Sales in Japan fell by 2.6% primarily as a result of a decline in sales of hardware such as PCs, mobile phones, LSI devices and electronic components. Sales outside of Japan were essentially unchanged from the previous fiscal year.

Gross profit was 1,203.7 billion yen, down 31.6 billion yen from fiscal 2011, attributable to lower sales of PCs, mobile phones and LSI devices. Selling, general and administrative expenses were 1,108.4 billion yen, a decline of 21.6 billion yen from fiscal 2011 resulting from efforts across the Group to generate cost efficiencies. As a result, operating income was 95.2 billion yen (US\\$1,013 million), a decline of 10.0 billion yen from the previous fiscal year.

In other income and expenses, Fujitsu recorded a loss of 140.3 billion yen, representing a deterioration of 101.8 billion yen from fiscal 2011.

The loss of 140.3 billion yen includes 116.2 billion yen in restructuring expenses stemming from 90.3 billion yen for the LSI business, 20.0 billion yen for business outside Japan, and 5.8 billion yen for others. Restructuring expenses for the LSI devices business consist of losses mainly relating to the transfer of production facilities and expenses related to personnel rationalization. The restructuring expenses for business outside Japan consist of personnel-related expenses, primarily for the European subsidiary Fujitsu Technology Solutions (Holding) B.V. (FTS). Other restructuring expenses include the losses mainly on personnel-related rationalization expenses at managerial levels.

Fujitsu also posted an impairment loss of 34.2 billion yen mainly on the unamortized balance of the goodwill recorded at the time of acquisition of FTS.