Fujitsu Ltd. Friday raised its projections for net income in the current fiscal first half from an $85 million loss to a $170 million profit, following the sale of a portion of the 11 million shares it owns in FANUC Ltd.
The one-time extraordinary gain also boosted Fujitsu's earlier forecast for full fiscal-year net earnings from $170 million to $427 million.
After the block stock sale to an unidentified securities firm, Fujitsu still holds a 24.9% equity stake in FANUC, a Japanese manufacturer of factory automation equipment.
Separately, Fujitsu licensed a new image sensor technology, called threshold voltage modulation image sensor (VMIS) from Innotech Corp., a Yokohama-based importer of advanced semiconductors.
Innotech officials claimed that VMIS sensors have higher performance than conventional CMOS image sensors, with high-definition resolution closer to CCD levels. They also said the voltage and current demands for VMIS is much lower than other imaging devices.
Multi-megapixel VMIS devices can be made using existing CMOS processes, the firm said. Fujitsu said it will use VMIS-based products in portable telephones, digital cameras, traffic and security cameras, among other applications.