Fujitsu 2008 Annual Report Download - page 15

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TARGET SALES AND PROFITS FOR FISCAL 2008
(Millions of Yen)
2008 Results 2009 2009/2008
Net sales ¥5,330,865 ¥5,350,000 +0.4%
Operating income 204,989 220,000 +7.3%
Net income 48,107 100,000 +107.9%
(Years ended March 31)
Since business profitability has stabilized, we raised the year-end dividend
to ¥5 per share in fiscal 2007. We plan to raise our annual dividend again in
fiscal 2008.
Our basic policy on dividends is to offer a stable return to shareholders from retained earnings,
while ensuring that we maintain sufficient internal reserves to strengthen our financial position
and actively develop our business, including business outside Japan.
Q.10
What is Fujitsu’s policy
on returning profits
to shareholders?
A.10
investments for growth, either to support customers’ global business expansion or to boost
competitiveness, to drop off suddenly.
Our services business, in particular, is showing steady improvement in profitability. We expect
to see benefits from a variety of measures we’ve taken, including infrastructure industrialization,
IT infrastructure optimization designed with a customer’s entire business system in mind, and
growth in outsourcing business in Europe and the United States. From these and other factors,
we are forecasting ¥185.0 billion in operating income from the services business, ¥44.5 billion more
than in 2007.
Looking at sales, although we expect growth in the services business and HDDs both in and
outside Japan, exchange rate fluctuations are likely to reduce the total by roughly ¥200 billion
and so we are forecasting net sales of ¥5,350 billion, on par with 2007. As for operating income,
we expect to meet our initial target of ¥220 billion for the year despite the impact of exchange
rate fluctuations, a more difficult pension asset management environment, and other adverse
factors. In addition to improved profitability in the services business, we expect earnings to rise
on the back of various measures we are promoting, among them Group-wide measures taken
from last year to reduce costs.
EARNINGS PER SHARE
(Yen)
(Plan)
(Years ended March 31)
013
ANNUAL REPORT 2008FUJITSU LIMITED
013
A CONVERSATION WITH THE PRESIDENT