Fujitsu braced for double-digit decline triggered by 'foolish display of legal machismo' | Computer Weekly

"Sources have revealed that Fujitsu bosses anticipate revenue to fall by 13% in the UK this year, raising questions about how the company will pay its share of Post Office Horizon scandal costs. The UK operation will require a huge bailout from headquarters in Japan when the bill for the Post Office scandal arrives. The UK business has been relying on bailouts from Japan totalling £280bn over the past two years."

""It's a self-inflicted decline, because if Fujitsu paid a substantial sum - let's say half of the money the taxpayer has already had to fund - towards the redress for the subpostmasters, then in my view, the way would be open to being considered for new bids. But in a foolish display of legal machismo, they are refusing to do that,""

Fujitsu expects UK sales to drop double digits, with bosses anticipating a 13% revenue decline this year. Deep roots in the UK public sector sustain lucrative, dependency-based contracts even as overall sales fall. The UK business has relied on bailouts from Japan totalling £280bn over the past two years and will require a huge additional rescue when Post Office scandal bills arrive. Concerns exist about Fujitsu's ability to contribute to Post Office redress and about its approach to the scandal. Northern Ireland replaced Fujitsu on a new HR and Oracle contract, while the Home Office extended a £15m law-enforcement network deal despite an ongoing probe.

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