Fujitsu 2010 Annual Report Download - page 90

Yen (millions)
U.S. Dollars
(thousands)
Years ended March 31 2006 2007 2008 2009 2010 2010
Net sales ¥4,791,416 ¥5,100,163 ¥5,330,865 ¥4,692,991 ¥4,679,519 $50,317,409
Operating income 181,488 182,088 204,989 68,772 94,373 1,014,763
Income (loss) before income taxes and
minority interests 118,084 214,495 109,444 (113,314) 112,706 1,211,892
Net income (loss) 68,545 102,415 48,107 (112,388) 93,085 1,000,914
Total assets ¥3,807,131 ¥3,943,724 ¥3,821,963 ¥3,221,982 ¥3,228,051 $34,710,226
Net assets 1,090,075 1,160,719 1,130,176 925,602 948,373 10,197,559
Amounts per share of common stock
(Yen and U.S. Dollars):
Earnings (loss)
Basic ¥ 32.83 ¥ 49.54 ¥ 23.34 ¥ (54.35) ¥ 45.21 $ 0.486
Diluted 29.54 44.95 19.54 (54.35) 42.17 0.453
Cash dividends 6.00 6.00 8.00 8.00 8.00 0.086
Owners’ equity 443.20 469.02 458.31 362.30 386.79 4.159
Cash and cash equivalents ¥ 420,894 ¥ 448,705 ¥ 547,844 ¥ 528,174 ¥ 420,166 $ 4,517,914
Interest-bearing loans 928,613 745,817 887,336 883,480 577,443 6,209,064
D/E ratio (times) 1.01 0.77 0.94 1.18 0.72
Net D/E ratio (times) 0.55 0.31 0.36 0.47 0.20
Free cash flow 170,895 257,682 38,146 23,487 296,409 3,187,194
Average exchange rate (yen)
U.S. Dollar ¥ 113 ¥ 117 ¥ 114 ¥ 101 ¥ 93
Euro 138 150 162 144 131
Pound Sterling 202 222 229 174 148
R&D expenses ¥ 241,566 ¥ 254,095 ¥ 258,717 ¥ 249,902 ¥ 224,951 $ 2,418,828
Capital expenditure 249,999 305,285 249,063 167,690 126,481 1,360,011
Depreciation 169,843 202,825 200,509 223,975 164,844 1,772,516
Number of employees 158,491 160,977 167,374 165,612 172,438
Net sales by business segment
(excluding intersegment sales):
Technology Solutions ¥2,903,651 ¥3,064,713 ¥3,158,984 ¥2,983,053 ¥3,055,244 $32,852,086
Ubiquitous Product Solutions 926,417 993,232 1,056,520 840,362 811,944 8,730,581
Device Solutions 655,139 707,132 736,527 540,100 494,623 5,318,527
Other Operations 306,209 335,086 378,834 329,476 317,708 3,416,215
Total ¥4,791,416 ¥5,100,163 ¥5,330,865 ¥4,692,991 ¥4,679,519 $50,317,409
Net sales by customers’ geographic location:
Japan ¥3,199,842 ¥3,274,908 ¥3,407,244 ¥3,193,105 ¥2,931,215 $31,518,441
EMEA 689,774 795,877 839,719 657,073 981,622 10,555,075
The Americas 388,131 472,975 521,989 391,443 321,603 3,458,097
APAC & China 513,669 556,403 561,913 451,370 445,079 4,785,796
Total ¥4,791,416 ¥5,100,163 ¥5,330,865 ¥4,692,991 ¥4,679,519 $50,317,409
[Ratio of sales outside Japan] [33.2%] [35.8%] [36.1%] [32.0%] [37.4%]
Notes: 1. See Note 16 of Notes to Consolidated Financial Statements for specific calculation of basic and diluted earnings (loss) per share.
2. The U.S. dollar amounts stated above and in the following Management’s Discussion and Analysis of Operations have been translated from yen, for readers’ conve-
nience only, at the rate of ¥93 = US$1, which was the approximate rate on the Tokyo Foreign Exchange Market at March 31, 2010.
3. “Net assets” on and after March 31, 2007 are presented based on “Accounting Standard for Presentation of Net Assets in the Balance Sheet” (Accounting Standards
Board of Japan, Statement No. 5 dated December 9, 2005). The sums of figures formerly presented as “Shareholders’ equity” and “Minority interests in consolidated
subsidiaries” in the financial statements prior to and for the year ended March 31, 2006 have been reclassified as “Net assets” for comparative purposes.
4. Cash dividends per share of common stock for the year ended March 31, 2010 are the total of interim and year-end dividends approved by the Company’s Board
of Directors on October 28, 2009 and May 21, 2010, respectively.
5. Owners’ equity: Net assets less minority interests in consolidated subsidiaries and subscription rights to shares
6. The capital expenditure and depreciation stated above excludes those of intangible assets.
Five-Year Summary
Fujitsu Limited and Consolidated Subsidiaries
088 FUJITSU LIMITED Annual Report 2010