Following the lead of NEC earlier this week, Toshiba, Fujitsu and Mitsubishi turned in smaller profits than they are used to because of poor chip sales in 1996.
Mitsubishi's net profit plummeted by 86 per cent to Y8.52 billion, Toshiba's net profit fell to Y67.08 billion while Fujitsu's profit fell by 27 per cent to Y46.15 billion.
All three companies blamed weakness in the semiconductor market for the profit declines but showed optimism in their annual reports that things will improve this year.
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