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Fujitsu annual report 1998
30
Financial Section
Consolidated Statements of Income
U.S. dollars
Yen (thousands)
(millions) (Note 2)
Years ended March 31 1996 1997 199 8 1 998
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 3,761,966 ¥ 4,503,474 ¥4,98 5,38 2 $37,76 8,04 5
Operating costs and expenses:
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,495,014 3,149,607 3 ,518 ,821 2 6,657,73 4
Selling, general and administrative expenses . . . . . . . . 1,061,070 1,153,186 1 ,255 ,29 9 9,50 9,841
3,556,084 4,302,793 4,774 ,120 36,167,57 5
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205,882 200,681 21 1,26 2 1,60 0,470
Other income (expenses):
Interest and dividend income . . . . . . . . . . . . . . . . . . . . 10,976 9,758 12,76 0 96,667
Interest charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (48,589) (49,276) (5 6,615) (428 ,90 2)
Other, net (Note 14). . . . . . . . . . . . . . . . . . . . . . . . . . . . (40,583) (18,089) (62,516) (47 3,606)
(78,196) (57,607) (106,371) (8 05,841)
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . 127,686 143,074 104,891 794,629
Income taxes (Note 10):
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,675 96,620 111,220 842,576
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (19) (121) (2,670) (20 ,227 )
71,656 96,499 108,550 822,349
Income (loss) before minority interests
and equity in earnings . . . . . . . . . . . . . . . . . . . . . . . . 56,030 46,575 (3,659) (27,720)
Minority interests in income of
consolidated subsidiaries . . . . . . . . . . . . . . . . . . . . . . (4,818) (4,175) (9,718) (7 3,62 1)
Equity in earnings of affiliates, net . . . . . . . . . . . . . . . . 11,901 3,747 1 8,96 4 143 ,667
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 63,113 ¥ 46,147 ¥ 5,58 7 $ 42,326
Amounts per share of common stock:
U.S. dollars
Yen (Note 2)
Basic earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 34.5 ¥ 25.1 ¥ 3.0 $0.023
Diluted earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.5 24.0 3.0 0.023
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.0 10.0 10 .0 0.076
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.