Fujitsu Ltd. plans to increase sales in computer services to make up for declining hardware demand.

The company, Japan's leader in computer services, is expanding the business in Europe and North America and plans to boost sales of services including cloud computing to corporate customers, Chief Financial Officer Kazuhiko Kato said in a recent interview. Fujitsu may acquire a company to accelerate growth, he said, declining to name potential targets.

"We should spend time building our revenue base," the 61-year-old executive said at Fujitsu's headquarters in Tokyo. "It will take time to boost revenue in the services field, but that will become a buffer for times when hardware sales are falling."