Articles Related to consolidated net

Japanese telecommunication company Nippon Telegraph and Telephone Corp. (NTT) posted a consolidated net loss for the first half of its fiscal year of 261.8 billion yen (US$2.2 billion as of Sept. 30, the last day of the period being reported), the company said in a statement Thursday. By contrast, last year NTT reported a consolidated net profit of 175.3 billion yen for the same period a year ago.

Fujitsu Ltd. announced Wednesday it would lay off 4,600 workers as the company reported its first-ever loss and said financial losses for its 2001 fiscal year would exceed forecasts. The layoffs come on top of 16,400 staff cuts announced by Fujitsu in August.

Taking a path already traveled by several other Japanese companies, Toshiba Corp. announced corporate-wide restructuring plans Monday that will see it focus on strong business sectors at the expense of unprofitable divisions and thousands of jobs.