Fujitsu 1998 Annual Report Download - page 45

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4343
The Board of Directors
FUJITSU LIMITED
We have examined the consolidated balance sheets of Fujitsu Limited and consolidated subsidiaries
(the “Group”) as of March 31, 1997 and 1998, and the related consolidated statements of income,
shareholders’ equity and cash flows for each of the three years in the period ended March 31, 1998,
all expressed in Japanese yen. Our examinations were made in accordance with auditing standards
generally accepted in Japan and, accordingly, included such tests of the accounting records and such
other auditing procedures as we considered necessary in the circumstances.
In our opinion, the consolidated financial statements referred to above, expressed in Japanese yen,
present fairly the consolidated financial position of the Group at March 31, 1997 and 1998, and the
consolidated results of its operations and its cash flows for each of the three years in the period ended
March 31, 1998, in conformity with accounting principles generally accepted in Japan applied on a
consistent basis.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the
year ended March 31, 1998 are presented solely for convenience. Our examination also included the
translation of Japanese yen amounts into U.S. dollar amounts and, in our opinion, such translation has
been made on the basis described in Note 2 to the consolidated financial statements.
Tokyo, Japan
June 26, 1998
Financial Section
Independent Auditors’ Report