Fujitsu 2014 Annual Report Download

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Table of contents

  • Page 1

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  • Page 3
    ... is connected, we no longer operate in silos. And all the information we need is right at our fingertips. Human Centric Innovation is a new approach to realizing business and social value by creating solutions and services that bring together the dimensions of people, information and infrastructure...

  • Page 4
    ...Socially Responsible Investment Index EDITORIAL POLICY At the Management Direction Briefing held on May 29, 2014, we marked a certain degree of progress in our ongoing structural reforms, presented a new growth strategy, and embarked on a new leg of our journey. In the Fujitsu Limited Annual Report...

  • Page 5
    FUJITSU LIMITED ANNUAL REPORT 2014 003 CONTENTS MANAGEMENT An overview of the Fujitsu Group's current status and future direction 004 005 A MESSAGE FROM THE PRESIDENT FUJITSU'S GROWTH STRATEGY by Masami Yamamoto, President Seeking to Expand Business Domains 1. Expand ICT Usage Areas for ...

  • Page 6
    ... and the solution of a variety of social issues, while working closely with people to create a prosperous future where everyone can live with peace of mind. We will also strive to meet and exceed the expectations of shareholders and other investors by achieving sound earnings growth and sustainably...

  • Page 7
    FUJITSU LIMITED ANNUAL REPORT 2014 005 FUJITSU'S GROWTH STRATEGY Seeking to Expand Business Domains Fujitsu concentrated mainly on structural reforms from fiscal 2012 to fiscal 2013. From fiscal 2014 to fiscal 2016, Fujitsu will shift gears to focus on its growth strategy. MANAGEMENT Social ...

  • Page 8
    ... LIMITED ANNUAL REPORT 2014 FUJITSU'S GROWTH STRATEGY 1 Expand ICT Usage Areas for Enterprises -Business Innovation At enterprises, ICT usage areas that can directly contribute to customers' sales and profits have become more and more important. To fulfill these needs, Fujitsu will provide new...

  • Page 9
    ... service platforms that link a variety of mobile applications and devices, Fujitsu is working to create an ecosystem of application developers for mobile solutions, in addition to increasing customer convenience. Furthermore, Fujitsu provides integrated support from networks to devices in order...

  • Page 10
    ... FUJITSU LIMITED ANNUAL REPORT 2014 FUJITSU'S GROWTH STRATEGY intelligence. We will also assist with the management of safe, secure ICT environments to help safeguard customers' business continuity. In January 2014, we opened the Security Initiative Center to verify the reliability of information...

  • Page 11
    FUJITSU LIMITED ANNUAL REPORT 2014 009 FUJITSU'S GROWTH STRATEGY created regional medical networks that link multiple medical institutions, based on our track record of developing medical information systems over many years. In other areas, Fujitsu has deployed its medical cloud "HumanBridge" to ...

  • Page 12
    010 FUJITSU LIMITED ANNUAL REPORT 2014 FUJITSU'S GROWTH STRATEGY 3 Expand Business Areas Globally Standing on the threshold of the cloud computing era, our customers' needs for global ICT services are increasing at an ever faster pace. That is why strengthening the overseas business structure ...

  • Page 13
    ... LIMITED ANNUAL REPORT 2014 011 FUJITSU'S GROWTH STRATEGY 4 Eyeing Further Growth, Together with Customers In fiscal 2016, we are targeting Company wide operating profit of ¥250 billion, net profit of ¥150 billion or above, and free cash flow of over ¥130 billion. In Technology Solutions...

  • Page 14
    ... ANNUAL REPORT 2014 PERFORMANCE HIGHLIGHTS Fujitsu Limited and Consolidated Subsidiaries *In accordance with the adoption of the amended IAS 19, the figures for fiscal 2012 have been retroactively revised. Years ended March 31 2005 2006 2007 2008 FINANCIAL DATA Net sales Sales outside Japan...

  • Page 15
    FUJITSU LIMITED ANNUAL REPORT 2014 013 PERFORMANCE HIGHLIGHTS Yen (millions) 2009 2010 2011 2012 2013* 2014 Year-on-Year Change (%) 2014/2013 U.S. Dollars (thousands) 2014 ¥4,692,991 ¥4,679,519 1,499,886 1,748,304 32.0 37.4 68,772 94,373 1.5 2.0 (112,388) 93,085 ¥ 248,098 ¥ 295,389 (224,...

  • Page 16
    014 FUJITSU LIMITED ANNUAL REPORT 2014 PERFORMANCE HIGHLIGHTS FINANCIAL DATA NET SALES AND RATIO OF SALES OUTSIDE JAPAN (Â¥ Billions) 6,000 OPERATING INCOME AND OPERATING INCOME MARGIN (%) (Â¥ Billions) 150 60 4,679.5 4,000 4,528.4 35.1 4,467.5 4,381.7 34.2 4,762.4 37.8 132.5 94.3 2.9 105...

  • Page 17
    ... was 0.91 times, an increase of 0.05 of a point compared to the end of fiscal 2012. R&D expenses increased in the Technology Solutions segment, with a primary focus on network products. Overall R&D spending fell by 4.2%, mainly due to increased development efficiency in mobile phones and PCs, and...

  • Page 18
    ... initiatives and realizing steady business growth centered on the Technology Solutions segment, we achieved the business targets we set out at the beginning of the fiscal year. In May 2014, Fujitsu established a new medium-term management plan. The fiscal year ending March 31, 2015 is a year for...

  • Page 19
    ... growth in businesses centered on the Technology Solutions segment. Notably, in Japan we saw orders and sales increase quarter after quarter. In the Technology Solutions segment, net sales increased by 10% year on year, and operating profit rose by over 20%. Consequently, coupled with the benefits...

  • Page 20
    018 FUJITSU LIMITED ANNUAL REPORT 2014 MESSAGE TO SHAREHOLDERS AND OTHER INVESTORS A REVIEW OF FISCAL 2013 Structural Reforms In the design and development operations of the semiconductor business, Panasonic Corporation, Development Bank of Japan, Inc., and Fujitsu signed a memorandum of ...

  • Page 21
    ... in consumer demand on account of the increased consumption tax rate, lower demand for PCs, which had risen owing to the need for replacements prior to the end of support for an operating system product, and declining unit sales of mobile phones, among other factors. Turning to the operating profit...

  • Page 22
    ...ANNUAL REPORT 2014 MESSAGE TO SHAREHOLDERS AND OTHER INVESTORS FUTURE CHALLENGES AND MEASURES Medium-Term Goals We are pursuing earnings growth by expanding ICT business areas and increasing investment aimed at medium- to longterm growth. Our medium-term goals for fiscal 2016 are operating profit...

  • Page 23
    ...five regions, namely EMEIA (Europe, Middle East, India, and Africa), the Americas, Asia, Oceania, and Japan, in order to accelerate the true globalization of its operations. Additionally, Fujitsu established the Global Delivery group to manage service delivery departments at each location around the...

  • Page 24
    ...fulfill its social responsibilities as an ICT company by working closely with governments and related institutions to help build an environment where all people can have open and equal access to ICT. Fujitsu supports the United Nations Global Compact's 10 principles in the four areas of human rights...

  • Page 25
    ...-end Annual ¥5 ¥0 ¥4 ¥0 ¥4 ¥4 ¥5 ¥4 ¥8 SHAREHOLDERS AND INVESTORS RESPONSIBILITY Message to shareholders and investors We will increase our strategic investments aimed at expanding into new ICT usage areas and driving global business expansion, putting Fujitsu on a sustainable growth...

  • Page 26
    ...the public sector and financial institutions, as did sales of PCs and network products. Outside Japan, sales were up 20.2% from the previous fiscal year, and on a constant currency basis, increased by 1.0%. Sales of car audio and navigation equipment and optical transmission systems in North America...

  • Page 27
    FUJITSU LIMITED ANNUAL REPORT 2014 025 A MESSAGE FROM THE CFO Financial Initiatives in Fiscal 2013 Consolidated total assets at the end of fiscal 2013 amounted to ¥3,079.5 billion. Shareholders' equity increased by ¥48.6 billion due to recording net profit, while foreign currency translation ...

  • Page 28
    026 FUJITSU LIMITED ANNUAL REPORT 2014 FEATURE: MESSAGE FROM SALES GROUP HEADS AND A REGIONAL HEAD Solving customers' problems through Fujitsu's IT system engineer proposal and solution Fujitsu's strengths lie in the experience and expertise it has cultivated by providing long running support for...

  • Page 29
    FUJITSU LIMITED ANNUAL REPORT 2014 027 FEATURE: MESSAGE FROM SALES GROUP HEADS AND A REGIONAL HEAD unique total solutions combining ICT, capabilities, and service infrastructure In this feature, the sales group heads and a regional head of the Fujitsu's domestic businesses in Manufacturing & ...

  • Page 30
    ...Japan's consumption tax increase, and business deals for replacement of President Manufacturing & Distribution Industry Sales Group Corporate Senior Vice President Windows XP systems following the end of support for them. Fiscal 2014 Yoshihiko Hanada Fiscal 2013 Strengthen Customer Contact Points...

  • Page 31
    ... management. Furthermore, Fujitsu has global service bases spanning four key regions-Europe, North America, Asia and Australia, and can respond to global business by providing services that meet the standards of the Japanese market. Even in responding to customers' new businesses, thanks to a broad...

  • Page 32
    030 FUJITSU LIMITED ANNUAL REPORT 2014 FEATURE: MESSAGE FROM SALES GROUP HEADS AND A REGIONAL HEAD HUMAN CENTRIC INNOVATION FINANCE & SOCIAL INFRASTRUCTURE Providing a Total Sales Model from Products to Services The Finance & Social Infrastructure Sales Group works with customers in the fields ...

  • Page 33
    ...reforms, Fujitsu sees the need to support new operators entering the market by working to create systems and developing services. In the media industry, we would like to leverage the new business opportunities available with companies looking to create business models that emphasize connections with...

  • Page 34
    032 FUJITSU LIMITED ANNUAL REPORT 2014 FEATURE: MESSAGE FROM SALES GROUP HEADS AND A REGIONAL HEAD HUMAN CENTRIC INNOVATION PUBLIC SECTOR & REGIONAL Leveraging Our Strong Track Record to Provide ICT Support for Public Infrastructure The Public Sector & Regional Sales Group provides ...

  • Page 35
    FUJITSU LIMITED ANNUAL REPORT 2014 033 FEATURE: MESSAGE FROM SALES GROUP HEADS AND A REGIONAL HEAD business partners across the country to form a robust system that will contribute to everyday convenience. For the government, Fujitsu is moving ahead with such proposals as cloud-based systems and ...

  • Page 36
    ... HUMAN CENTRIC INNOVATION EMEIA (Europe, Middle East, India, Africa) Providing Products and Services Swiftly, Optimally, and Globally -Aiming to increase customer satisfaction and grow their businessesThe EMEIA region accounts for approximately half of the Fujitsu Group's sales outside of Japan...

  • Page 37
    ... of products utilizing high standard proprietary technologies developed through our research and development. Under the new global matrix organization that system will be fortified, which I am convinced will raise customer satisfaction and realize business growth. PERFORMANCE RESPONSIBILITY FACTS...

  • Page 38
    ... CH75/R) Realizing the ultimate in smartphone character input technology, ARROWS NX F-05F 300 0 2010 2011 2012 2013 2014 (Years ended March 31) Japan PCs/Mobile Phones Mobilewear * Including intersegment sales 794.4 Billion Device Solutions ¥600.2Billion Overseas (Billions of yen) 800...

  • Page 39
    ... backbone of information systems, along with network products such as mobile phone base stations, optical transmission systems, and other communications infrastructures. MANAGEMENT 100 4.9 5.4 5.8 5.9 6.4 6 3 50 0 2010 2011 2012 2013 2014 0 (Years ended March 31) Operating income...

  • Page 40
    ... Share: IT Services, 2013" 31 March 2014) * Chart created by Fujitsu based on Gartner data Fujitsu's services business holds the leading market share in Japan and the fourth-largest share worldwide. We provide services across a wide range of countries and regions, including Europe, the Americas...

  • Page 41
    ... LIMITED ANNUAL REPORT 2014 039 OPERATIONAL REVIEW AND OUTLOOK Technology Solutions/Services MANAGEMENT An Akisai farm at the Numazu Plant site A datacenter in Thailand where Fujitsu has started providing cloud services The new building of the Akashi System Center TOPICS FUJITSU Big Data...

  • Page 42
    ... as we work to effectively utilize their resources and make effective investments in development to bolster competitiveness. OPERATIONAL REVIEW AND INITIATIVES Fiscal 2013 Business Results Sales from the Services sub-segment (Solutions/System Integration, Infrastructure Services) increased 10...

  • Page 43
    FUJITSU LIMITED ANNUAL REPORT 2014 041 OPERATIONAL REVIEW AND OUTLOOK Technology Solutions/Services MARKET DATA Graph 01 Graph 02 Graph 03 GLOBAL IT OUTSOURCING MARKET SHARE IN 2013 (REVENUE BASIS) 1 2 3 4 5 6 Company A Company B Company C 9.3% 5.0% 3.3% GLOBAL IT SERVICES MARKET FORECAST (...

  • Page 44
    ...the few global ICT companies with the technology to make its own processor chips. We also provide x86 servers for cloud computing and other promising business areas, as well as storage systems able to hold increasingly vast amounts of data. In network products, Fujitsu holds a large market share for...

  • Page 45
    ... performance, making it ideal for financial or other secure systems management. The HA Database Ready SX2 can be used for a wide range of applications, from social infrastructure systems that require high performance and exceptional reliability to information systems that need powerful performance...

  • Page 46
    044 FUJITSU LIMITED ANNUAL REPORT 2014 OPERATIONAL REVIEW AND OUTLOOK Technology Solutions/System Platforms MARKET TRENDS 2013 Global Market Trends System Products: The server market in Japan increased 1.5% year on year to US$5.0 billion. In 2013, the domestic market saw an increase in shipment ...

  • Page 47
    FUJITSU LIMITED ANNUAL REPORT 2014 045 OPERATIONAL REVIEW AND OUTLOOK Technology Solutions/System Platforms MARKET DATA Graph 01 Graph 02 Graph 03 GLOBAL SERVER SHARE IN 2013 (REVENUE BASIS) GLOBAL SERVER MARKET FORECAST (Billions of U.S. dollars) 60 NORTH AMERICAN OPTICAL NETWORK MARKET ...

  • Page 48
    ... tablets. In mobilewear, Fujitsu answers a diverse range of needs through "Connectivity Products," among them car navigation systems that interface with smartphones. OUR STRENGTHS PC MARKET SHARE IN JAPAN 2013 (UNIT BASIS) MOBILE PHONE SHIPMENTS IN JAPAN IN 2013 (UNIT BASIS) 1 2 3 4 5 6 Company...

  • Page 49
    ...technology PERFORMANCE RESPONSIBILITY UBIQUITOUS SOLUTIONS RESULTS (See page 049 for numerical results from PCs/Mobile Phones and Mobilewear operation) Yen (millions) Years ended March 31 2011 2012 2013 2014 Net sales External customers Inter-segment Total sales Operating income (loss) Total...

  • Page 50
    ...from higher revenue. In the mobile phone business, Fujitsu took steps to develop an efficient production framework capable of withstanding Outlook for 2014 The outlook for shipments of conventional PCs and tablets in Japan for 2014 is 22.66 million units. Both the corporate and consumer markets for...

  • Page 51
    FUJITSU LIMITED ANNUAL REPORT 2014 049 OPERATIONAL REVIEW AND OUTLOOK Ubiquitous Solutions MARKET DATA Graph 01 Graph 02 Graph 03 MOBILE PHONE SHIPMENT FORECAST FOR JAPAN (Thousands of units) 50,000 40,000 30,000 20,000 10,000 0 GLOBAL PC MARKET SHARE IN 2013 (REVENUE BASIS) PROJECTED TRENDS ...

  • Page 52
    ... applications, from imaging to wireless communications and security, and are increasingly energy efficient as a result of the emphasis we place on the environment. We are expanding the system LSI business globally through development, technical support, and sales sites in Japan, the Americas, Europe...

  • Page 53
    ...® processors PERFORMANCE DEVICE SOLUTIONS RESULTS (See page 053 for numerical results from LSI Devices and Electronic Components, Others operation) Yen (millions) Years ended March 31 2011 2012 2013 2014 Net sales External customers Inter-segment Total sales Operating income (loss) Total...

  • Page 54
    ..., utilization rates remained low for standard technology process lines. Outside Japan, in addition to increased needs for both LSI and electronic components, the depreciation of the yen had the effect of increasing sales. The Fujitsu Group is conducting structural reform of its LSI business. As part...

  • Page 55
    FUJITSU LIMITED ANNUAL REPORT 2014 053 OPERATIONAL REVIEW AND OUTLOOK Device Solutions MARKET DATA Graph 01 Graph 02 SALES OF LOGIC LSI PRODUCTS BY APPLICATION FOR THE YEAR ENDED MARCH 31, 2014 1 2 3 4 5 6 7 Mobile phones AV/Consumer electronics PCs and peripherals Automobiles Communications ...

  • Page 56
    ... and Oracle Announce Worldwide Availability of Fujitsu M10 Servers April 24 Fujitsu Launches Software to Leverage Smart Device Data May 1 Fujitsu, Aizu Wakamatsu City and Tohoku Electric Power Launch Smart Community Project in Japan's Aizu Wakamatsu Region May 8 Fujitsu Develops New Architecture for...

  • Page 57
    ..., a New Student Information System for Schools in British Columbia with Follett Corporation February 18 Fujitsu Deploys Virtual Desktop Service to Enhance Tablet Device Functions at TOHO BANK MANAGEMENT October 8 Fujitsu Releases Enterprise Tablets, PCs and Workstations 15 models in 11 Product...

  • Page 58
    ... 0 2013 2014 2015 2016 2017 0 2010 2011 2012 2013 2014 (Years ended March 31) (Source: Gartner, "Market Share: IT Services, 2013" 31 March 2014) * Chart created by Fujitsu based on Gartner data (Source: IDC, May 2014 "Worldwide Black Book Query Tool, Version 1, 2014") Net sales (left...

  • Page 59
    ... more efficient work performance. MANAGEMENT PERFORMANCE services. These are all part of the unparalleled comprehensive strengths that will drive Fujitsu's business. In system products, specifically servers, Fujitsu will target sales growth by launching new mainframe computers and enhanced models...

  • Page 60
    ... 2011 2012 2013 2014 -3 (Years ended March 31) (Source: Gartner, "Market Share: IT Services, 2013" 31 March 2014) * Chart created by Fujitsu based on Gartner data (Source: IDC, May 2014 "Worldwide Black Book Query Tool, Version 1, 2014") (EMEA: Europe, the Middle East and Africa) Net sales...

  • Page 61
    ... continued support for overseas expansion by global corporate customers-highly represented in the region-in our key market of Finland, we will roll out proven solutions specifically for medium-sized companies, and will take steps to expand and grow business targeting the public sector market. FACTS...

  • Page 62
    ... -0.9 0 2013 2014 2015 2016 2017 -150 2010 2011 2012 2013 2014 -2 (Years ended March 31) (Source: Ovum, Market Share Spreadsheet & Analysis: 1Q14 Global ON, May 2014) (Source: IDC, May 2014 "Worldwide Black Book Query Tool, Version 1, 2014") (North and South America) Net sales (left...

  • Page 63
    ... main market for our product sales and support businesses. Going forward, together with cultivating customers and expanding our customer base through the penetration of Fujitsu products in other mission critical fields, we will focus on growing our new portfolio of offerings, led by cloud services...

  • Page 64
    ... social problems by providing solutions honed in Japan to address issues with regard to the environment, transportation, and cultural preservation, including the archiving of ancient manuscripts. For local companies, Fujitsu will offer technology that helps make customers' businesses and products...

  • Page 65
    ... of information more efficient, and assist swift decision making. Fujitsu also developed BPBD's web portal to improve information dissemination and eliminate access issues, and will provide consultancy and support services, including high-speed response on technical support related to system and...

  • Page 66
    ...0 2013 2014 2015 2016 2017 0 2010 2011 2012 2013 2014 0 (Years ended March 31) (Source: Gartner, "Market Share: IT Services, 2013" 31 March 2014) (Oceania: Australia, New Zealand) * Chart created by Fujitsu based on Gartner data (Source: IDC, May 2014 "Worldwide Black Book Query Tool...

  • Page 67
    ...companies worldwide in Fujitsu's Global ICT Sustainability Benchmark. Fujitsu also plays an important role in the operation PERFORMANCE of Meridian's ICT service delivery including service desk, end-user support, server support, storage and backup, database management, networks, voice communications...

  • Page 68
    066 FUJITSU LIMITED ANNUAL REPORT 2014 RESEARCH & DEVELOPMENT Our Mission in R&D As our fundamental R&D policy, we pursue initiatives to create new value for our customers and to achieve our Corporate Vision of contributing to the creation of a networked society that is fulfilling and secure, ...

  • Page 69
    FUJITSU LIMITED ANNUAL REPORT 2014 067 RESEARCH & DEVELOPMENT (2) Technology for Automatic Linkage, Utilization, and Leverage of Massive and Diverse Individual Data Sets Dispersed Worldwide Linked Open Data (LOD), or data that is linked and merged with other related information, is being more ...

  • Page 70
    ...FUJITSU LIMITED ANNUAL REPORT 2014 RESEARCH & DEVELOPMENT AWARDS AND PRIZES Commendation for Science and Technology by Japan's Minister of Education, Culture, Sports, Science and Technology with Prizes for Science and Technology, and the 60th Okochi Memorial Technology Award of Japan Five members...

  • Page 71
    FUJITSU LIMITED ANNUAL REPORT 2014 069 RESEARCH & DEVELOPMENT The Story Behind the Development of the "Akisai" Food and Agriculture Cloud Service Leveraging ICT Linking Agriculture and Food to Create an Open-Ended Value Chain The act of withdrawing cash from a bank changed from a task performed ...

  • Page 72
    ...key corporate asset supporting business activities. Moreover, Fujitsu employees are acutely aware of the role that technologies backed by intellectual property play in enabling customers to rely with confidence on the products and services we deliver. Intellectual Property Strategy Fujitsu promotes...

  • Page 73
    ... North America Europe Asia/Oceania 45% 25% 17% 13% 3 4 Total approx. 95,000 patents 1 FACTS & FIGURES 2 (Year ended March 31, 2014) Fujitsu survey based on Japan Patent Office data (number of issued patents). The number of patents granted to Fujitsu Group companies other than Fujitsu Limited...

  • Page 74
    ...conduct that Group employees follow in their daily business activities. The new Fujitsu Way will facilitate management innovation and promote a unified direction for the Group as we expand our global business activities. As outlined below, the Fujitsu Way consists of four core elements-the Corporate...

  • Page 75
    .... MANAGEMENT We strive to meet the expectations of customers, employees, and shareholders. We seek to continuously increase our corporate value. We think and act from a global perspective. What we value: Employees Customers Business Partners Technology Quality We respect diversity and support...

  • Page 76
    .../reports/2014/ CSR Activities Utilizing ISO 26000 Fujitsu supports the United Nations Global Compact's 10 principles in the four areas of human rights, labor, the environment, and anticorruption, as a signatory company (since December 2009), in order to conduct a sustainable business. Furthermore...

  • Page 77
    ... specialized fields and linking and utilizing different forms of data. To realize Social Innovation, we will engage in fieldwork on societies front lines, workshops with relevant people, and other activities in order ascertain the current status of society and the issues that need to be addressed...

  • Page 78
    076 FUJITSU LIMITED ANNUAL REPORT 2014 FUJITSU GROUP CSR Priority 2 Protecting the Global Environment The Fujitsu Group will strive to contribute broadly to solving societal issues, such as the environment. We can contribute through our business activities, by promoting the utilization of ICT ...

  • Page 79
    ... sales personnel with a tablet solution that forms a core part of their policy management system. Previously, insurance sales personnel used large amounts of paperwork to conduct their business transactions, which needed to be done at their offices. But with this solution, thanks to tighter security...

  • Page 80
    ...truly global ICT company. In the process, Fujitsu will balance successful business strategy execution with a commitment to solving social issues, as it contributes to the sustainable development of society and the world at large. We are focused intently on global talent management and developing the...

  • Page 81
    FUJITSU LIMITED ANNUAL REPORT 2014 079 FUJITSU GROUP CSR Priority 5 Communicating and Collaborating with Stakeholders As a good corporate citizen, the Fujitsu Group is striving to build solid relationships of trust with stakeholders, including customers, shareholders and other investors, ...

  • Page 82
    ...LIMITED ANNUAL REPORT 2014 MANAGEMENT ORGANIZATION (As of July 1, 2014) Masami Yamamoto President Number of years as director: 4 years Number of Fujitsu shares held: 96,852* Birth: January 11, 1954 Apr. 1976 Joined Fujitsu Limited Jun. 2004 Executive Vice President, Personal Systems Business Group...

  • Page 83
    ...Ltd. Currently Fujitsu Mission Critical Systems Limited PERFORMANCE Miyako Suda Director Special Advisor, the Cannon Institute for Global Studies Number of years as director: 1 year Number of Fujitsu shares held: 1,956* Birth: May 15, 1948 Apr. 1982 Associate Professor, School of Economics, Senshu...

  • Page 84
    ... LIMITED ANNUAL REPORT 2014 INTERVIEW WITH AN EXTERNAL AUDITOR Corporate governance is becoming ever more important for the Fujitsu Group as it accelerates management innovation and expansion of its global business activities. At the same time, shareholders and investors have become increasingly...

  • Page 85
    ... Audit & Supervisory Board members who are not at the company full-time. In my case, I try to make as many opportunities as possible to observe key business sites and talk directly with personnel. In order to grasp the current state of business before meetings of the Board of Directors and the Audit...

  • Page 86
    ... FUJITSU LIMITED ANNUAL REPORT 2014 REVIEW OF CORPORATE GOVERNANCE IN FISCAL 2013 The Fujitsu Group is strengthening its corporate governance to ensure a sustainable increase in corporate value. Here we report on the status of this initiative in fiscal 2013. 1. Numbers of meetings of key boards...

  • Page 87
    ... presentations by various senior executives on business strategy for the operations they oversee. The CFO meets with foreign institutional investors regularly. We also have IR managers stationed in Europe and the US who meet and communicate regularly with investors, not just at the time of earnings...

  • Page 88
    ... as financial performance, because their results impact our consolidated earnings, to the extent that it is reasonable, we are kept informed. II. STATUS OF MANAGEMENT CONTROL ORGANIZATION FOR MANAGEMENT DECISION MAKING, OPERATIONAL EXECUTION AND OVERSIGHT, AND OTHER CORPORATE GOVERNANCE STRUCTURAL...

  • Page 89
    .... Mr. Ito has been appointed as an external director because he has many years of experience in corporate management and has extensive knowledge of the Company's business operations. The Fuji Electric Group, including its retirement benefit trusts, as a whole holds an 11.20% equity stake in...

  • Page 90
    ...major shareholder nor has he held an executive management position with a major business partner of the Company. Therefore, Fujitsu considers him to be independent and has designated him as an independent director. [Audit & Supervisory Board Members] Existence of Audit & Supervisory Board Number of...

  • Page 91
    FUJITSU LIMITED ANNUAL REPORT 2014 089 CORPORATE GOVERNANCE Hiroshi Mitani j Mr. Mitani has been appointed as an Audit & Supervisory Board member (external) because he has a deep understanding of not only legal affairs, but also of economic, social, and other factors that affect the management ...

  • Page 92
    090 FUJITSU LIMITED ANNUAL REPORT 2014 CORPORATE GOVERNANCE Disclosed Policy on Calculation and Determination of Compensation Amounts Executive Compensation Policy To secure exceptional human resources required to manage the Fujitsu Group as a global ICT company and further strengthen the link ...

  • Page 93
    FUJITSU LIMITED ANNUAL REPORT 2014 091 CORPORATE GOVERNANCE extensive knowledge of finance and accounting issues due to his abundant auditing experience at global corporations as a certified public accountant. EXECUTIVE NOMINATION COMMITTEE AND COMPENSATION COMMITTEE The Company established an ...

  • Page 94
    ... we are working to improve relations with individual investors. We hold regular presentations, including presentations by the president on our management direction, presentations by the president and CFO on our earnings results, and presentations by various senior executives on business strategy for...

  • Page 95
    FUJITSU LIMITED ANNUAL REPORT 2014 093 CORPORATE GOVERNANCE Supplemental Information Explanation by Company Representatives Regular Presentations to Foreign Investors The CFO meets with foreign institutional investors regularly. We also have IR managers stationed in Europe and the US who meet ...

  • Page 96
    ...systems for approvals and reaching decisions) needed for decision-making by Senior Management and employees entrusted by Senior Management with authority. e. The President and Representative Director reports financial and business results at each regularly-scheduled meeting of the Board of Directors...

  • Page 97
    ... LIMITED ANNUAL REPORT 2014 095 CORPORATE GOVERNANCE 3. RULES AND OTHER SYSTEMS RELATING TO MANAGING THE RISK OF LOSSES (1) System for Managing the Risk of Losses in General a. The Company aims to maintain the business continuity of the Fujitsu Group, increase its corporate value, and sustainably...

  • Page 98
    096 FUJITSU LIMITED ANNUAL REPORT 2014 CORPORATE GOVERNANCE b. These organizations create unified accounting policies shared throughout the Fujitsu Group and rules for establishing, operating, and evaluating internal control over financial reporting. c. The organization responsible for ...

  • Page 99
    FUJITSU LIMITED ANNUAL REPORT 2014 097 CORPORATE GOVERNANCE b. In cases where risks arise that could affect management or financial results, or when there is an awareness of major compliance violations, or the possibility of major compliance violations, in connection with the execution of ...

  • Page 100
    ... FUJITSU LIMITED ANNUAL REPORT 2014 CORPORATE GOVERNANCE 2. Internal System Confirmation Function for Timely Information Disclosure (1) The Company has established the Fujitsu Way Promotion Council and Risk Management & Compliance Committee to enhance the internal structure for timely information...

  • Page 101
    ... risks are listed below. 2. Customers Fujitsu Group operations are highly influenced by the business trends of customers. Examples of potential risks are described below. 1) Economic Trends in Key Markets The Fujitsu Group provides ICT services, server and storage products, network products, as...

  • Page 102
    100 FUJITSU LIMITED ANNUAL REPORT 2014 BUSINESS AND OTHER RISKS escalation of PC prices, we are pursuing a variety of measures to reduce costs, as well as efforts to expand sales of competitive products and services derived from an awareness of customer needs and industry trends. Despite these ...

  • Page 103
    ...to totally eliminate the possibility of deficiencies or flaws occurring in products, including software. While the Group is also setting rules on quality control throughout the company, promoting software modularization, standardization of development work, and enhanced security measures in order to...

  • Page 104
    ...diseases like new forms of influenza, we can continue our critical business operations to fulfill our corporate social responsibility, while at the same time continuing to provide a stable flow of high-quality, highly reliable products and services, which our customers rely on for their business. In...

  • Page 105
    FUJITSU LIMITED ANNUAL REPORT 2014 103 FACTS & FIGURES Financial Section 104 105 118 120 121 122 123 156 Five-Year Summary Management's Discussion and Analysis of Operations MANAGEMENT Consolidated Balance Sheets Consolidated Income Statements Consolidated Statements of Comprehensive Income ...

  • Page 106
    104 FUJITSU LIMITED ANNUAL REPORT 2014 FIVE-YEAR SUMMARY Fujitsu Limited and Consolidated Subsidiaries Yen (millions) Years ended March 31 2010 2011 2012 2013 2014 U.S. Dollars (thousands) 2014 Net sales Operating income Operating income margin Income (loss) before income taxes and minority ...

  • Page 107
    ... section, Management's Discussion and Analysis of Operations, provides an overview of the consolidated financial statements of Fujitsu Limited (the "Company") and its consolidated subsidiaries (together, the "Group") for the year ended March 31, 2014 (fiscal 2013). Forward-looking statements in this...

  • Page 108
    ... the public sector and financial institutions, as did sales of PCs and network products. Outside Japan, sales were up 20.2% from the previous fiscal year, and on a constant currency basis, increased by 1%. Sales of car audio and navigation equipment and optical transmission systems in North America...

  • Page 109
    FUJITSU LIMITED ANNUAL REPORT 2014 107 MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS billion ($2,149 million), a decrease of ¥9.6 billion compared to the previous year. The decrease was primarily a result of increased development efficiency in mobile phones and the effects of selling the ...

  • Page 110
    ...486 million), up 10.2% from fiscal 2012. Sales in Japan increased 6.1%. In system integration services, sales increased, primarily in the public sector and financial services sector, as customers expanded their investment spending. In network products, while demand for 3G communications equipment to...

  • Page 111
    ... start business. It is expected that Fujitsu will hold a 40.0% share of voting rights in the new company, which is to be operated as an independent business FACTS & FIGURES with the aim of making an initial public offering in a few years' time. Losses of ¥21.0 billion were recorded in relation to...

  • Page 112
    ....1 billion ($33,642 million), an increase of 4.8% compared to fiscal 2012. Sales of mobile phones were down sharply, but sales of systems integration services, mainly to public-sector and financial institutions, increased, as did sales of PCs and network products. Operating income in Japan was ¥202...

  • Page 113
    FUJITSU LIMITED ANNUAL REPORT 2014 111 MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS 3. Analysis of Capital Resources and Liquidity Assets, Liabilities and Net Assets Condensed Consolidated Balance Sheets As of March 31 2013 (Unit: billion yen) 2014 YoY Change Reference: Financial ...

  • Page 114
    112 FUJITSU LIMITED ANNUAL REPORT 2014 MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS Consolidated total assets at the end of fiscal 2013 amounted to ¥3,079.5 billion ($29,898 million), an increase of ¥159.2 billion from the end of fiscal 2012. This represented an increase of approximately ...

  • Page 115
    FUJITSU LIMITED ANNUAL REPORT 2014 113 MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS The unrecognized obligation for retirement benefits for plans in Japan improved by ¥96.1 billion from ¥308.7 billion at the end of fiscal 2012 to ¥212.6 billion ($2,064 million) at the end of fiscal 2013,...

  • Page 116
    ... ($1,919 million) was the yen value of unused commitment lines. To raise funds from global capital markets, the Group has acquired bond ratings from Moody's Investors Service (Moody's), Standard & Poor's (S&P), and Rating and Investment Information, Inc. (R&I). As of March 31, 2014, the Company had...

  • Page 117
    FUJITSU LIMITED ANNUAL REPORT 2014 115 MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS 4. Restatements to Reflect Accounting Standard Revisions The Company's consolidated subsidiaries outside Japan prepare their financial statements in accordance with IFRS (International Financial Reporting ...

  • Page 118
    116 FUJITSU LIMITED ANNUAL REPORT 2014 MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS The Group stringently assesses the potential revenue recoverable on projects for which estimated costs have exceeded estimated revenue, and recognizes the amounts assessed as non-recoverable as losses. If ...

  • Page 119
    ... to achieve new growth. Moreover, the Group will strengthen its global delivery functions to meet customer needs, while enhancing its common products and services globally. Dividing the customers axes into the five regions of Japan, EMEIA (Europe, Middle East, India, and Africa), the Americas, Asia...

  • Page 120
    ... REPORT 2014 CONSOLIDATED BALANCE SHEETS Fujitsu Limited and Consolidated Subsidiaries Yen (millions) At March 31 Notes 2013 2014 U.S. Dollars (thousands) (Note 2) 2014 Assets Current assets: Cash and cash equivalents Short-term investments Receivables, trade Allowance for doubtful accounts...

  • Page 121
    FUJITSU LIMITED ANNUAL REPORT 2014 119 CONSOLIDATED BALANCE SHEETS Yen (millions) At March 31 Notes 2013 2014 U.S. Dollars (thousands) (Note 2) 2014 Liabilities and net assets Liabilities Current liabilities: Short-term borrowings and current portion of long-term debt Lease obligations Payables...

  • Page 122
    120 FUJITSU LIMITED ANNUAL REPORT 2014 CONSOLIDATED INCOME STATEMENTS Fujitsu Limited and Consolidated Subsidiaries Yen (millions) Years ended March 31 Notes 2013 2014 U.S. Dollars (thousands) (Note 2) 2014 Net sales Operating costs and expenses: Cost of sales Selling, general and ...

  • Page 123
    ... benefit plans, others, securities, shares net of tax net of taxes net of taxes adjustments Common stock Capital surplus Retained earnings Total Treasury stock, shareholders' equity at cost Minority interests in consolidated subsidiaries Total net assets Balance at April 1, 2012 Cumulative...

  • Page 124
    122 FUJITSU LIMITED ANNUAL REPORT 2014 CONSOLIDATED STATEMENTS OF CASH FLOWS Fujitsu Limited and Consolidated Subsidiaries Yen (millions) Years ended March 31 Notes 2013 2014 U.S. Dollars (thousands) (Note 2) 2014 Cash flows from operating activities (A): Income (loss) before income taxes and ...

  • Page 125
    .... MANAGEMENT (Changes in the Accounting Policies for the Consolidated Financial Statements for the year ended March 31, 2014) Effective from the end of the year ended March 31, 2014, the Company and its consolidated subsidiaries in Japan...

  • Page 126
    124 FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS the net cumulative unrecognized actuarial gains and losses at the end of the previous fiscal year exceed the greater of 10% of the present value of the defined benefit obligation or 10% of the fair value of plan ...

  • Page 127
    FUJITSU LIMITED ANNUAL REPORT 2014 125 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Investments in affiliates are accounted for by the equity method. Held-to-maturity investments are stated at amortized cost, adjusted for the amortization of premiums or accretion of discounts to ...

  • Page 128
    126 FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (l) Provision for product warranties Provision for product warranties is recognized at the same period when related sales of the products are made at an amount which represents the estimated cost, based on past ...

  • Page 129
    ... date of the Annual Securities Report, regulated by the Financial Instruments and Exchange Law of Japan. The Group has not yet applied these standards as of March 31, 2014. "Accounting Standard for Retirement Benefits" (Accounting Standards Board of Japan, Statement No. 26, issued May 17, 2012) and...

  • Page 130
    ...FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (2) Date of application and impact from adoption The Group has not assessed the impact from application for the consolidated financial statements because it will voluntarily apply IFRS from the year ending March 31, 2015...

  • Page 131
    FUJITSU LIMITED ANNUAL REPORT 2014 129 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Yen (millions) Years ended March 31 2013 2014 U.S. Dollars (thousands) 2014 Machinery and equipment Balance at beginning of year Additions Depreciation Impairment loss Translation differences Other, net Balance at...

  • Page 132
    ... FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Long-term debt (including current portion) Yen (millions) At March 31 2013 2014 U.S. Dollars (thousands) 2014 a) Long-term borrowings Long-term borrowings, principally from banks and insurance companies, due from 2013...

  • Page 133
    FUJITSU LIMITED ANNUAL REPORT 2014 131 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS At March 31, 2014, the Group had committed facility contracts with banks aggregating ¥197,700 million ($1,919,417 thousand) and all of it was unused. Assets pledged as collateral for short-term borrowings and long-...

  • Page 134
    ... FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS For the year ended March 31, 2014 Gain on Sales of Investment Securities Gain on sales of investment securities primarily consists of sales of available-for-sale securities, including shares in Kyowa Exeo Corporation...

  • Page 135
    ...LIMITED ANNUAL REPORT 2014 133 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Group has continually promoted structural reforms for the year ended March 31, 2014, as well as for the year ended March 31, 2013, to set a clear direction for underperforming businesses and shift to a leaner management...

  • Page 136
    ... of Fujitsu Technology Solutions (Holding) B.V. were acquired. In the standalone financial statements of the Company, impairment losses on the investments in the subsidiaries* were recognized. Due to the recession in Europe and intensification of price competition in PCs and x86 servers, the Group...

  • Page 137
    FUJITSU LIMITED ANNUAL REPORT 2014 135 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 8. Supplementary Information to the Consolidated Statements of Comprehensive Income Yen (millions) Years ended March 31 2013 2014 U.S. Dollars (thousands) 2014 Unrealized gain and loss on securities Gains (losses) ...

  • Page 138
    136 FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 9. Supplementary Information to the Consolidated Statements of Cash Flows Cash and cash equivalents Yen (millions) At March 31 2013 2014 U.S. Dollars (thousands) 2014 Cash and cash equivalents in consolidated ...

  • Page 139
    FUJITSU LIMITED ANNUAL REPORT 2014 137 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 10. Leases The following is a summary of assets and liabilities related to finance lease transactions at March 31, 2013 and 2014, which includes acquisition cost, accumulated depreciation and book value of leased ...

  • Page 140
    ... interest rate fluctuation risk related to borrowings and corporate bonds. (3) Risk Management of Financial Instruments (i) Management of Credit Risk The Group strives to mitigate collection risk in accordance with credit management standards and procedures in selling goods and services. A unit...

  • Page 141
    FUJITSU LIMITED ANNUAL REPORT 2014 139 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (iii) Management of Liquidity Risk in Financing Activities The Group prepares a cash flow projection and monitors its funding requirements. The Group also strives to diversify its sources of financing in order to ...

  • Page 142
    140 FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Yen (millions) Carrying value in consolidated balance sheet At March 31, 2013 Fair value Variance Current assets (1) Cash and cash equivalents (2) Short-term investments (3) Receivables, trade Allowance for ...

  • Page 143
    FUJITSU LIMITED ANNUAL REPORT 2014 141 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Impairment losses on investment securities For the years ended March 31, 2013 and 2014 No significant losses were recorded. Available-for-sale securities with fair value that has declined by 50% or more against ...

  • Page 144
    ...FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS At March 31, 2013 Contract amount Contract amount over 1 year Yen (millions) Fair value Gain/Loss Foreign Exchange Forward Contracts To buy foreign currencies Pound Sterling U.S. Dollars Euro Other currencies To sell...

  • Page 145
    FUJITSU LIMITED ANNUAL REPORT 2014 143 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (iii) Stock-related transactions At March 31, 2014 Type of hedge accounting Principal item hedged Contract amount Contract amount over 1 year Yen (millions) Contract amount Contract amount over 1 year U.S. Dollars (...

  • Page 146
    ... or asset, as a result of the application of "Accounting Standard for Retirement Benefits" (Accounting Standards Board of Japan, Statement No. 26, issued May 17, 2012) at the end of the fiscal year ended March 31, 2014. The Company does not restate its financial statements for the prior period in...

  • Page 147
    ... LIMITED ANNUAL REPORT 2014 145 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Components of net periodic benefit cost Yen (millions) Years ended March 31 2013 2014 U.S. Dollars (thousands) 2014 Service cost*5 Interest cost Expected return on plan assets Amortization of actuarial gains and losses...

  • Page 148
    146 FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Projected benefit obligation and plan assets Yen (millions) At March 31 2013 2014 U.S. Dollars (thousands) 2014 Defined benefit obligation*1 Plan assets Asset ceiling adjustments*2 Projected benefit...

  • Page 149
    FUJITSU LIMITED ANNUAL REPORT 2014 147 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Assumptions used in accounting for the plans At March 31 2013 2014 Discount rate Mainly 4.4% Method of allocating actuarial gains and losses Straight-line method over the employees' average remaining service period...

  • Page 150
    ... the year ended March 31, 2014, the Company's consolidated subsidiaries outside Japan have applied IAS 19 "Employee Benefits" (issued June 16, 2011). These changes in accounting policies are applied retrospectively, and the consolidated financial statements for the year ended March 31, 2013 reflect...

  • Page 151
    FUJITSU LIMITED ANNUAL REPORT 2014 149 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Net deferred tax assets are included in the consolidated balance sheets as follows: Yen (millions) At March 31 2013 2014 U.S. Dollars (thousands) 2014 Current assets-Deferred tax assets Investments and other non-...

  • Page 152
    ... development, manufacturing, and sales, to the maintenance and operations of cutting-edge, highperformance and high-quality products, and electronic devices that support services. The Group's business is organized into three reportable segments-Technology Solutions, Ubiquitous Solutions, and Device...

  • Page 153
    FUJITSU LIMITED ANNUAL REPORT 2014 151 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 3. Amounts of Net Sales, Profit or Loss, Assets and Other Items by Reportable Segments Yen (millions) Reportable segments Years ended March 31 Technology Solutions Ubiquitous Solutions Device Solutions Total Other ...

  • Page 154
    ... ended March 31 2013 2014 U.S. Dollars (thousands) 2014 Technology Solutions Services System Platforms Ubiquitous Solutions Personal Computers and Mobile Phones Mobilewear Device Solutions LSI Electronic Components Other Operations Elimination & Corporate Total Note: The details on products and...

  • Page 155
    FUJITSU LIMITED ANNUAL REPORT 2014 153 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS b. Property, plant and equipment Yen (millions) At March 31 2013 2014 U.S. Dollars (thousands) 2014 Japan Outside Japan EMEA The Americas APAC & China Sub Total Total ¥496,916 48,052 21,332 52,160 121,544 ¥618,...

  • Page 156
    154 FUJITSU LIMITED ANNUAL REPORT 2014 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 20. Earnings per Share Yen Years ended March 31 2013 2014 U.S. Dollars 2014 Basic earnings (losses) per share Diluted earnings per share ¥(38.62) - ¥23.49 23.49 Yen (millions) $0.228 0.228 U.S. Dollars (...

  • Page 157
    FUJITSU LIMITED ANNUAL REPORT 2014 155 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 21. Commitments and Contingent Liabilities Commitments outstanding at March 31, 2013 and 2014 for purchases of property, plant and equipment and intangible assets were approximately ¥11,615 million and ¥6,641 ...

  • Page 158
    156 FUJITSU LIMITED ANNUAL REPORT 2014 INDEPENDENT AUDITOR'S REPORT

  • Page 159
    FUJITSU LIMITED ANNUAL REPORT 2014 157 INDEPENDENT AUDITOR'S REPORT MANAGEMENT PERFORMANCE RESPONSIBILITY FACTS & FIGURES

  • Page 160
    ... consolidated financial statements as of the end of the fiscal year, March 31, 2014, in accordance with generally accepted assessment standards in Japan for internal control over financial reporting. In making an assessment of the entire Fujitsu Group, including the parent company, Fujitsu Limited...

  • Page 161
    FUJITSU LIMITED ANNUAL REPORT 2014 159 MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING In regard to those "significant business locations/units," the Company determined that sales, accounts receivables and inventories were the accounts closely associated with the Company's ...

  • Page 162
    ... repeated multiple times to construct the entire system. Digital marketing A promotion method offering new value to individual consumers through the use of an omni-channel that combines both the Internet (e-commerce sites, social media, etc.) and real-world channels (actual stores) in response to...

  • Page 163
    ... for application development and deployment. SI System Integration Smartphone A mobile phone offering voice calling and email that also enables users to customize functions by individually adding new software. POS Point of Sales-a computer system for managing sales information at the time of sale...

  • Page 164
    162 FUJITSU LIMITED ANNUAL REPORT 2014 GLOSSARY Ultrabookâ„¢ A term originated by Intel of the United States to describe an ultra-thin, lightweight mobile notebook PC. This class of notebook PCs is notable for having shorter waiting times from power up to operation. Wearable (-computer, -device)...

  • Page 165
    ...Rights (%) Fujitsu Technology Solutions (Holding) B.V. (Netherlands) 100 Development, Manufacturing Shimane Fujitsu Limited (Izumo-shi, Shimane) Fujitsu Isotec Limited (Date-shi, Fukushima) Fujitsu Mobile-phone Products Limited (Otawara-shi, Tochigi) Development, Manufacturing and Sales 100 100...

  • Page 166
    164 FUJITSU LIMITED ANNUAL REPORT 2014 MEMO

  • Page 167
    FUJITSU LIMITED ANNUAL REPORT 2014 165 SHAREHOLDERS' DATA (As of March 31, 2014) Capital: Common Stock: Authorized: Issued: Number of Shareholders: ¥324,625 million 5,000,000,000 shares 2,070,018,213 shares 164,259 Corporate Headquarters: Shiodome City Center 1-5-2 Higashi-Shimbashi Minato-ku,...

  • Page 168
    FUJITSU LIMITED Shiodome City Center, 1-5-2 Higashi-Shimbashi Minato-ku, Tokyo 105-7123, JAPAN Tel. +81-3-6252-2220 www.fujitsu.com Legibility Considerations We have reviewed this report using our ColorSelector tool to choose a highly accessible color combination so that the text and figures will ...