Fujitsu Ltd (OTCPK:FJTSF)

$ 15.8 -2.53 (-13.8%) Market Cap: 31.54 Bil Enterprise Value: 32.16 Bil PE Ratio: 17.61 PB Ratio: 2.56 GF Score: 78/100

Q1 2022 Fujitsu Ltd Earnings Call Transcript

Jul 29, 2021 / 06:30AM GMT

Release Date Price: $18.28

Transcript

Takeshi Isobe

Fujitsu Limited - Executive VP, Corporate Executive Officer, CFO & Director

Hello. Thank you for taking the time to join us today. I'm Takeshi Isobe, Chief Financial Officer for Fujitsu Limited, and I would like to present the first quarter financial results for fiscal year 2021. Before reviewing our financial results, some segment figures have changed, and I'd like to explain these changes to you.

We've made 2 specific changes. The first is a change in certain sales channels because of the establishment of Fujitsu Japan Limited. Starting in fiscal 2021, a portion of revenue for which Fujitsu Japan is responsible from System Platforms and Ubiquitous Solutions will be attributed to the Solutions/Services segment. To increase the effectiveness of prior year comparisons between subsegments, we have restated the results for fiscal 2020.

The second is an organizational change relating to the network products business. System engineers doing work for telecom carriers had previously been spread out between network products and Solutions/Services, but they have now been

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