Fujitsu Profit Slump

Japan's Fujitsu Ltd said yesterday that its group profit would likely take a steep dive of nearly 80 per cent this fiscal, dragged down by sluggish domestic sales and restructuring costs at a US unit as well as damage from the Asian currency crisis.It said that it forecast a group net profit of 10 billion yen ($80.6 million) for the year to March 31, 1998, sharply revising down its earlier estimate of 46 billion yen ($370 million). In 1996/97, the group net profit totalled 46.15 billion yen ($372 million).