Fujitsu 2000 Annual Report Download - page 3

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To Our Shareholders
䢇
Anticipating change and concentrating resources on
Internet-related business areas
At the dawn of the 21st century, the Internet is
establishing itself as a new social infrastructure. In
addition to changing the structure of business in every
industry, the Internet is stimulating the emergence of
new types of business that transcend conventional fields
and, on the individual level, opening up diverse
possibilities for daily life.
While striving to better anticipate the changes that are
transforming business and society, the Fujitsu Group is
committed to aggressively introducing products and
services that utilize the most advanced information
technology, as well as to responding to our customers'
diverse needs by providing solutions to their business
problems.
Since adopting “Everything on the Internet” as our
business strategy in fiscal 1999, we have restructured
our business by focusing our resources on areas that
have the Internet as their core. Affected by such factors
as Y2K-related constraints on IT investment and a
reduction in the yen-converted value of sales by our
overseas subsidiaries due to the high yen, consolidated
sales were ¥5,255.1 billion, roughly the same as in the
previous fiscal year. Operating income increased to
¥149.9 billion, up 13.4% over the preceding year,
thanks to the restoration of profitability to our electronic
devices business. Consolidated net income was ¥42.7
billion, an improvement of ¥56.3 billion. More efficient
management enabled us to reduce interest-bearing debt
by ¥202.2 billion during this period, helping to
strengthen our overall financial situation.
䢇Giving greater emphasis to customer focus
In today's new world, where the rapid growth of the
Internet is bringing great change to society, enterprises
and individuals alike, we believe that constantly keeping
our customers' needs in mind and promptly providing
them with solutions to their problems_in other words,
customer focus_is more important than ever.
Fujitsu. The Possibilities Are Infinite
2 3
From left:
Tadashi Sekizawa, Chairman
Naoyuki Akikusa, President and CEO