Fujitsu Shares Tumble After Weaker-Than-Expected Earnings Forecast

Fujitsu's shares fell over 15% after the company reported weaker-than-expected earnings forecasts, with a projected 31% drop in net profit for the current fiscal year. The stock, which is down 26% year-to-date, faced significant losses amid concerns over AI's impact on the software sector. Fujitsu announced a share buyback plan of up to 150 billion yen to enhance shareholder returns. The company's revenue and operating profit guidance were below analyst estimates, contributing to the stock's decline.