Fujitsu Ltd. said Tuesday its group losses shrank considerably in the October-December quarter on a year-on-year basis, primarily due to cost-cutting and restructuring efforts.
In its quarterly consolidated earnings report, the computer manufacturer said it posted a net loss of 24.9 billion yen, having recorded a loss of 106.1 billion yen the previous year.
Group pretax loss fell to 29.2 billion yen in the period, having stood at 63.1 billion yen a year earlier, with sales down 3.9 percent to 1.02 trillion yen.