Fujitsu 2009 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2009 Fujitsu annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 134

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

A.1 Our overall performance for the year was disappointing, as we faced an economy that deteriorated
beyond what anyone expected. In our mainstay Technology Solutions business, however, business
reform measures steadily bore fruit despite the unforgiving environment, and while revenues
declined modestly, we successfully achieved a higher operating profit in this segment. I think this
is proof of Fujitsu’s true strength.
Q.1 President Nozoe, how do you personally view Fujitsu’s performance in fiscal 2008?
Amid an economic crisis that grew beyond all projec-
tions, Fujitsu endured major declines in revenues and
earnings in fiscal 2008 compared to the previous fiscal
year. In particular, volume hardware products, such as
semiconductors, electronic components and hard disk
drives (HDDs), were directly impacted by the worsen-
ing global economic situation and posted disappoint-
ing results. We therefore booked impairment losses on
advanced semiconductor facilities and other losses to
mitigate the burden in fiscal 2009. As a result, the
bottom line was negative as we incurred a loss of over
¥100 billion. I feel responsible for this as the com-
pany’s senior manager.
Technology Solutions, the mainstay business of
Fujitsu, saw sales decline by 6% year on year due to
exchange rate effects—sales increased by 1% when
discounting this factor. But, despite the extremely
challenging economic environment, operating
income grew by 4.7%. This segment faced a crisis in
2003 due to an increase in unprofitable services
projects, but we steadily implemented reforms that
pivoted on customer-centric management. I feel that
the positive figure we achieved this year is attributable
to those reforms.
Business Performance
Consolidated Business Performance (Billions of yen)
2008 2009 2009/2008
Net sales 5,330.8 4,692.9 –637.8
(–12.0%)
Operating income 204.9 68.7 –136.2
(–66.5%)
Net income (loss) 48.1 –112.3 –160.4
(—)
(Years ended March 31)
Consolidated Business Performance by Segment (Billions of yen)
2008 2009 2009/2008
Technology Solutions Net sales 3,272.2 3,077.0 –6.0%
Operating income 180.1 188.7 +4.7%
Ubiquitous Product Solutions Net sales 1,188.9 949.1 –20.2%
Operating income 52.5 0.5 –98.9%
Device Solutions Net sales 796.7 587.6 –26.2%
Operating income (loss) 18.2 –71.9 (—)
(Years ended March 31)
MANAGEMENT A Conversation With the President
013
ANNUAL REPORT 2009
FUJITSU LIMITED