TOKYO -- Fujitsu is expected to post a group operating profit of slightly more than 5 billion yen ($48.6 million) for the April-June period. It will be the company's first April quarter profit in a while, the Nikkei reported Sunday.

Fujitsu has logged losses of around 20 billion yen for the same period in each of the past three years.

The turnaround of one of Japan's largest IT service providers is largely attributable to restructuring and revenue starting to come in from IT-related capital investments.

Although Japan's IT services market shrank in the aftermath of the global financial crisis and the Great East Japan Earthquake, it has been recoveringsince 2012. Systems development orders from Japanese manufacturers and retailers grew particularly well during the recent quarter.

Fujitsu's restructuring of its semiconductor and smartphone operations has also paid off. In addition, the semiconductor unit was helped by the weak yen. The smartphone business, meanwhile, reaped rewards from consolidating its production.

Despite the good result, the company will probably maintain its outlook for the year through March 2015 at an operating profit of 185 billion yen, 26% higher than a year ago.

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(END) Dow Jones Newswires

July 27, 2014 23:35 ET (03:35 GMT)

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