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Japan-Update

Fujitsu sees highest profit in over a decade in fiscal 2018

Profitability improving as it unloads PC, mobile phone businesses

Lenovo CEO Yang Yuanqing, left, and Fujitsu President Tatsuya Tanaka in Tokyo earlier this month.

TOKYO -- Fujitsu expects robust performance in the coming fiscal year as corporate Japan flocks to its information systems and services in pursuit of workplace reform and productivity growth.

Sales are expected to total somewhere in the upper 3 trillion yen range, a decline from the 4.1 trillion yen projected for fiscal 2017 and a substantial drop from the 5 trillion yen-plus figures seen before the 2008 financial crisis.

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