Tokyo - Fujitsu Ltd on Wednesday revised down its earnings forecast for the year because of the yen's rise against other major currencies and sluggish demand for computers as its second-quarter profit dropped 21 per cent.

The Japanese company estimated a net profit of 60 billion yen (634.14 million dollars) for the full business year, which ends March 31, up 25 per cent from the previous year but down from an initial projection of 100 billion yen.

Operating profit was projected at 150 billion yen, down from an earlier forecast of 220 billion yen, and sales were revised down to 5.05 trillion yen from 5.35 trillion yen, owing to an expected fall in consumer electronics demand amid the slowing global economy.

For the July-September quarter, Fujitsu saw a net profit of 4.29 billion yen, down from 5.44 billion yen in the same period the previous year.

Operating income fell to 32.73 billion yen from 41 billion yen, and sales were 1.28 trillion yen, down 5.2 per cent year-on-year.

The company recorded a net profit of 4.63 billion yen for the first six months of the fiscal year, compared with a net loss of 9.3 billion yen the year before, reflecting a change in its accounting methods.

Operating profit for the April-September period dropped to 38.54 billion yen from 43.93 billion yen. Sales fell from 2.51 trillion yen to 2.45 trillion yen. (dpa)