Fujitsu now estimates net profit at 50 billion yen (420 million dollars) on a parent level, compared with 20 billion yen projected in April.

It said it sold a total of 11 million shares in Fanuc, a leading maker of industrial robots, for 55.4 billion yen to a brokerage house "as part of our efforts to reduce interest-bearing debts."

After the sale on Friday, Fujitsu's stake in Fanuc declined to 24.9 percent from 29.5 percent.

The sale brought Fujitsu extraordinary profits of 55.3 billion yen on a parent level and 26.3 billion yen on a consolidated base.

The firm's forecasts of recurring profit and sales remain unchanged for the current financial year, standing at 35 billion yen and 2,730 billion yen, respectively.

Group-level forecasts also remain unchanged.

Fujitsu has projected the group's return to the black in the year with a 30 billion yen net profit, a 60 billion yen recurring profit and revenue of 4.80 trillion yen.

SPACE.WIRE