Fujitsu Ltd, Japan’s biggest computer-services provider, has ¥150 billion (US$1.7 billion) in free cash flow and may spend it buying companies to procure technologies and customers, president Masami Yamamoto said.
“M&A is one option,” for the cash flow, Yamamoto told reporters yesterday in Tokyo.
He said that Fujitsu might look to buy companies that offer advanced technologies or new customers.
Fujitsu is moving away from unprofitable hardware businesses and betting more on services for growth.
Fujitsu Semiconductor Ltd, which makes chips for cellphones, computers and cars, is contracting more production to Taiwan Semiconductor Manufacturing Co (台積電) and last year shut three production lines to help save ¥80 billion in the two years to March next year.
Yamamato, 56, said that the company’s IT solutions and data center businesses would be the focus of a push to expand in developing countries including China and India.
Fujitsu is aiming for as much as ¥1.5 trillion in sales of services related to so-called cloud computing by the year ending March 2016, Yamamoto said.
The company is investing ¥100 billion this year in the business, which lets customers store and access information on shared servers.
Fujitsu has said it will start cloud computing businesses in England, Australia, Singapore, Germany and the US in the year ending March 31 next year.
In the next fiscal year, the company plans to open a data center in China to support cloud computing services.
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