OREANDA-NEWS. Fujitsu today reported a profit for the second quarter attributable to owners of the parent of 17.2 billion yen (USD 158 million), a decrease of 6.5 billion yen compared to the second quarter of fiscal 2013.

Consolidated revenue for the second quarter of fiscal 2014 was 1,124.1 billion yen (USD 10,313 million), a decrease of 2.4% from the second quarter of fiscal 2013. On a constant-currency basis, revenue fell by 5%. Revenue in Japan decreased by 4.8%. Outside of Japan revenue rose 1.3%, but declined by 4% on a constant-currency basis.

Gross profit was 299.8 billion yen, a decrease of 11.1 billion yen from the second quarter of fiscal 2013, resulting from the impact of lower revenue, despite the beneficial effects of structural reforms in the mobile phone business and other areas.

The gross profit margin was 26.7%, a decrease of 0.3 of a percentage point. Selling, general and administrative expenses were 274.0 billion yen, an increase of 2.2 billion yen from the second quarter of fiscal 2013. Other expenses included a loss of 0.8 billion yen, representing a deterioration of 2.7 billion yen from the second quarter of fiscal 2013, primarily on one-time gains recorded in last year's second quarter stemming from changes to the retirement benefit plans of Fujitsu's subsidiaries in Japan.

Fujitsu recorded an operating profit of 24.9 billion yen (US\\$228 million), a decrease of 16.1 billion yen from last fiscal year's second quarter.

In net financial income including financial income, financial expenses and income from investments accounted for using the equity method was 7.2 billion yen, an improvement of 7.3 billion yen from the second quarter of fiscal 2013 resulting from improved net gain on foreign exchange owing to the weak yen.

Profit before income taxes was 32.1 billion yen, a decrease of 8.7 billion yen from the same period in the previous fiscal year.