ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Japan-Update

Fujitsu may lift dividend on growth in IT services

Net profit, cash flow appear headed for increases in fiscal 2017

TOKYO -- Fujitsu will consider raising its dividend for fiscal 2017 from the prospective rate of 11 yen per share after assessing growth in the company's commercial information technology services.

"It is possible that we will do a positive reassessment of the expected dividend as performance for the current fiscal year comes into focus," said Hidehiro Tsukano, chief financial officer, implying a dividend hike. He did not reveal a payout ratio target. The Japanese IT company's fiscal 2016 dividend was 9 yen per share.

Fujitsu's consolidated net profit, using international accounting standards, is expected to grow 64% from the previous year to 145 billion yen ($1.31 billion), renewing the record for the first time in three years. But the company's currently expected payout ratio stands at below 20%.

Fujitsu's earnings power has grown, increasing its cash flow. Consolidated cash flow for the current year likely will total 120 billion yen, up from 104.8 billion yen the previous fiscal year.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media