Fujitsu 2000 Annual Report Download - page 19

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22
Siemens. Our operating income for this region declined,
and we posted an operating loss of ¥10.4 billion ($98 mil-
lion).
The Americas
Lower information systems sales by Amdahl and yen
appreciation negatively affected sales in this region, but
boosted by the strong performance of our transmission
business, sales in the Americas rose 2.1%, to ¥585.4 billion
($5,523 million). Increased sales and business restructuring,
together with a smaller loss by our U.S. semiconductor
plant, resulted in a ¥5.7 billion operating-level improve-
ment, and we recorded an operating loss of ¥13.2 billion
($125 million) in this region.
Other
Sales in this geographic segment, which includes Asian
markets outside Japan, increased 0.6%, to ¥251.0 billion
($2,368 million). Operating income soared 41.8%, to
¥19.3 billion ($182 million).
Net Sales and Operating Income by Geographic Segment
(¥ Billion)
Increase
(Decrease)
Years ended March 31 1999 2000 rate (%)
Net sales
(including intersegment sales)
Japan . . . . . . . . . . . . . . . . . . . . . . . . . . ¥3,986 ¥4,224 6.0%
Europe . . . . . . . . . . . . . . . . . . . . . . . . 1,059 817 (22.8)
The Americas . . . . . . . . . . . . . . . . . . . 669 663 (0.9)
Other . . . . . . . . . . . . . . . . . . . . . . . . . 572 549 (4.1)
Intersegment elimination . . . . . . . . . . (1,044) (1,000) —
Consolidated net sales . . . . . . . . . . . . . ¥5,242 ¥5,255 0.2%
Operating income
Japan . . . . . . . . . . . . . . . . . . . . . . . . . . ¥209 ¥227 8.9%
Europe . . . . . . . . . . . . . . . . . . . . . . . . 0(10) —
The Americas . . . . . . . . . . . . . . . . . . . (19) (13) —
Other . . . . . . . . . . . . . . . . . . . . . . . . . 13 19 41.8
Unallocated operating costs
and expenses/intersegment
elimination . . . . . . . . . . . . . . . . . . . . (71) (73) —
Consolidated operating income . . . . . . ¥132 ¥149 13.4%
Capital Expenditure
Responding to increased demand for semiconductors and
focusing our investments in growth areas, we expanded
capital expenditure in fiscal 1999 by 12.8%, or ¥36.9 bil-
lion to ¥325.7 billion ($3,072 million). By business
segment, outlays for services and software totaled ¥64.7
billion ($610 million), ¥89.2 billion ($841 million) for infor-
mation processing, ¥35.5 billion ($334 million) for
telecommunications, ¥113.6 billion ($1,071 million) for
electronic devices, of which ¥87.9 billion ($829 million)
was invested in semiconductors, and ¥9.8 billion ($92 mil-
lion) in other operations.
Capital Expenditure (¥ Billion)
Increase
(Decrease)
Years ended March 31 1999 2000 rate (%)
Services and software . . . . . . . . . . . . . . ¥ 48 ¥ 64 32.4%
Information processing . . . . . . . . . . . . 79 89 11.6
Telecommunications . . . . . . . . . . . . . . 41 35 (13.9)
Electronic devices . . . . . . . . . . . . . . . . . 97 113 16.0
[Semiconductor production] . . . . . . . [80] [87] [9.4]
Financing . . . . . . . . . . . . . . . . . . . . . . . ———
Other operations . . . . . . . . . . . . . . . . . 991.8
Corporate* . . . . . . . . . . . . . . . . . . . . . . 11 12 13.5
Capital expenditure . . . . . . . . . . . . . . . ¥288 ¥325 12.8%
Domestic . . . . . . . . . . . . . . . . . . . . . . . . 207 227 9.8
Overseas . . . . . . . . . . . . . . . . . . . . . . . . 81 98 20.1
* Nonallocable capital expenditure for shared R&D and parent company manage-
ment division
Major capital expenditure included:
* Services and software —Outsourcing facilities for the
network services business,
server expansion and infra-
structure related to the
consolidation of NiftyServe
and InfoWeb into @nifty
* Information processing —Magnetic disk drive develop-
ment and manufacturing
facilities, printed circuit board
production facilities, UNIX
systems R&D facilities
1.03
5,112
5,123
4,727
4,324
5,134
1.02
1.011.00
0.94
288
435
435
403
1.38
0.84
0.65
0.42
325
1.46
(Times)
(Times)
Capital Expenditure
(¥ Billion)
Coverage of Capital
Expenditure
(Times)
Total Assets
(¥ Billion)
Total Assets Turnover Rate
(Times)
(Years ended March 31) (Years ended March 31)
'96 '97 '98 '99 '00'96 '97 '98 '99 '00
Management
’
s Discussion and Analysis of Operations