Fujitsu Ltd expects group cash flow to rise 33% to 410 billion yen ($3.56bn) in the year through March, according to a Nihon Keizai Shimbun report. The firm expects record group net income and a sharp jump in depreciation as a result of heavy capital investment over the past several years. If its estimates prove accurate, the cash flow figure – net profit combined with depreciation – will be the second largest among Japan’s five biggest makers of semiconductors and computers, following Hitachi Ltd and ahead of NEC Corp and Toshiba Corp. The heavy investment is expected to help expand group sales 19% in fiscal 1997, roughly flat with the 20% rise in the previous year. In addition, group net income in the current fiscal year is seen doubling to 90 billion yen ($782.9m), ranking third among the five manufacturers.
