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Japan's Fujitsu says posts 16%

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Fujitsu, which provides information technology services and makes consumer products including computers and mobile phones, booked a net loss of 23.7 billion yen ($304 million) in the three months through June, compared with a loss of 20.4 billion yen in the same period last year.

Quarterly sales dipped 2.9 percent to 957.3 billion yen, it said.

Fujitsu, like many Japanese exporters, blamed much of its loss with battery such as Fujitsu FPCBP201 Battery , Fujitsu FPCBP202 Battery , Fujitsu FPCBP186 Battery , Fujitsu LifeBook T2010 Battery , Fujitsu LifeBook T2020 Battery , Fujitsu FPCBP206 Battery , Fujitsu FPCBP205 Battery , Fujitsu FPCBP116 Battery , Fujitsu LifeBook A1130 Battery , Fujitsu LifeBook V1020 Battery , Fujitsu FPCBP192 Battery , Fujitsu 644560 Battery on a surging yen, which makes products more expensive overseas while shrinking the relative value of foreign-earned income.

The yen hit a record high against the dollar late last year -- and is sitting just above those highs -- while the nation's manufacturers were also hit by the quake-tsunami disaster and flooding in Thailand.

In the latest quarter, Fujitsu also cited a slump in sales of large-scale-integration chips and digital optical transmission systems.

Overseas, sales of audio and navigation systems for vehicles rose, but was offset by a drop in demand for computer servers and optical fiber transmission systems in the United States.

Fujitsu lowered its sales outlook for the fiscal year through March 2013 to 4.53 trillion yen from an earlier 4.55 trillion yen "as a result of adjustments in anticipated exchange rates".

The company left its previous full-year net profit forecast unchanged at 60 billion yen.