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Business

Mobile business bound for black, Fujitsu's chief says

TOKYO -- Japanese technology firm Fujitsu expects its mobile phone business to turn a profit this fiscal year, President Masami Yamamoto said in an interview with The Nikkei and other media outlets Monday.

     The business suffered an operating loss of roughly 30 billion yen (then about $290 million) for the last fiscal year ended March 31. This fiscal year, though, the company expects positive results after it consolidated production at its plant near the city of Kobe, ending operations at a site in eastern Japan.

     Yamamoto notes that the mobile phone market is growing globally, and that Fujitsu will add value through its business for corporate clients. He also said the company plans to expand its presence in low-price smartphones.

     Denki Rengo, the electronics industry's branch of the Japanese Trade Union Confederation, will likely call for a wage hike of at least 6,000 yen a month in spring 2015 labor talks.

     "Of course we'd like to give back some of what we've earned, but one option is a lump sum," Yamamoto said. "A decision on the method has yet to be made."

(Nikkei)

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