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<Outside Japan>
FS adopted International Financial Reporting Standards (“IFRS”) for the year ended March 31, 2006, and accounts for
retirement benefits in accordance with IAS 19 “Employee Benefits”. For this change in accounting principles and
practices, FS adopted IFRS 1 “First-time Adoption of International Financial Reporting Standards,” and recognized the
projected benefit obligation in excess of plan assets as of April 1, 2004. FS recognized actuarial gain or loss over
future periods after the adoption of IFRS 1.
For the year ended March 31, 2006, Fujitsu Telecommunications Europe Limited, a consolidated subsidiary in
the UK, recognized the full value of the unrecognized obligation immediately as accrued retirement benefits, in
accordance with a new UK accounting standard for retirement benefits (Financial Reporting Standard 17).
Projected benefit obligation and plan assets
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2007 2008 2008
Projected benefit obligation ¥(679,617) ¥(541,905) $(5,419,050)
Plan assets 546,498 470,577 4,705,770
Projected benefit obligation in excess of plan assets (133,119) (71,328) (713,280)
Unrecognized actuarial loss 11,965 (9,561) (95,610)
Unrecognized prior service cost 186 — —
Accrued retirement benefits ¥(120,968) ¥ (80,889) $ (808,890)
Components of net periodic benefit cost
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2007 2008 2008
Service cost ¥ 11,379 ¥ 12,425 $ 124,250
Interest cost 32,123 36,240 362,400
Expected return on plan assets (33,169) (38,533) (385,330)
Amortization of the unrecognized obligation for retirement benefit:
Amortization of actuarial loss 266 917 9,170
Amortization of prior service cost — (1,041) (10,410)
Net periodic benefit cost 10,599 10,008 100,080
Gain on termination of retirement benefit plan — (1,629) (16,290)
Total ¥ 10,599 ¥ 8,379 $ 83,790
106
ANNUAL REPORT 2008FUJITSU LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS