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003 FINANCIAL HIGHLIGHTS
004 A MESSAGE FROM MANAGEMENT
006 A CONVERSATION WITH THE PRESIDENT
015 FEATURE:
ON TRACK FOR GREATER GROWTH
016 1: BUILDING ON OUR STRENGTHSFUJITSU’S OUTSOURCING BUSINESS
020 2: ACCELERATING GLOBAL EXPANSIONINITIATIVES BY REGION
MANAGEMENT REPORT
028 BUSINESS OVERVIEW
030 MAJOR ANNOUNCEMENTS AND IR ACTIVITIES IN FISCAL 2007
032 OPERATIONAL REVIEW AND OUTLOOK
032 Technology Solutions / System Platforms
036 Technology Solutions / Services
040 Ubiquitous Product Solutions
044 Device Solutions
048 RESEARCH & DEVELOPMENT AND INTELLECTUAL PROPERTY
054 ENVIRONMENTAL AND SOCIAL ACTIVITIES
058 MANAGEMENT
060 CORPORATE GOVERNANCE
072 BUSINESS AND OTHER RISKS
077 FINANCIAL SECTION
127 DIRECTOR’S RESPONSIBILITY STATEMENT PURSUANT TO THE U.K. DTR4
128 PRINCIPAL SUBSIDIARIES AND AFFILIATES
128 SHAREHOLDERS DATA
Forward-looking Statements
* This annual report may contain forward-looking statements that are based on management’s current views and assumptions and involve
known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed
or implied in such statements. Actual results may differ materially from those projected or implied in the forward-looking statements due to,
without limitation, the following factors: general economic and market conditions in key markets (particularly in Japan, North America,
Europe and Asia, including China); rapid changes in the high-technology market (particularly semiconductors, PCs, etc.); fluctuations in
exchange rates or interest rates; fluctuations in capital markets; intensifying price competition; changes in market positioning due to competi-
tion in R&D; changes in the environment for the procurement of parts and components; changes in competitive relationships relating to
collaborations, alliances and technical provisions; potential emergence of unprofitable projects; and, changes in accounting policies.
CONTENTS
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ANNUAL REPORT 2008FUJITSU LIMITED