Fujitsu 2001 Annual Report Download - page 26

24
Europe
Sales in Europe decreased 14.8% from the previous year
to ¥670.9 billion ($5,411 million). A decline in ICL’s sales
of services and software, the lower yen value of sales result-
ing from the appreciation of the yen and the depreciation
of the sterling pound, and the shift to the equity account-
ing method during the latter half of the previous fiscal year
for our personal computer manufacturing and sales affiliate
in Europe all contributed to an overall decline. Continued
losses at ICL contributed to an overall operating loss of
¥6.0 billion ($49 million) in Europe.
The Americas
Sales in this region increased 6.4% over the previous year,
to ¥623.1 billion ($5,025 million), as a result of such fac-
tors as increased sales of optical transmission systems.
However, Amdahl, including DMR Consulting, again post-
ed a loss, resulting in an overall operating loss of ¥17.4
billion ($141 million) for the region.
Other
Sales in other regions, including Asia, increased 1.1% over
the previous fiscal year to ¥253.7 billion ($2,047 million).
Operating income decreased 27.4% from the previous
year, to ¥14.0 billion ($113 million), due to lower profits at
manufacturing subsidiaries in Southeast Asia owing to the
decrease in sales of hard disk drives.
Net Sales and Operating Income by Geographic Segment (¥ Billion)
Increase
(Decrease)
Years ended March 31 2000 2001 rate (%)
Net sales
(including intersegment sales)
Japan .............................................................. ¥4,224 ¥4,549 7.7%
Europe ........................................................... 817 698 (14.6)
The Americas .............................................. 663 696 5.1
Other.............................................................. 549 555 1.2
Intersegment elimination ........................ (1,000) (1,016)
Consolidated net sales................................ ¥5,255 ¥5,484 4.4%
Operating income
Japan .............................................................. ¥227 ¥328 44.4%
Europe ........................................................... (10) (6) —
The Americas .............................................. (13) (17) —
Other.............................................................. 19 14 (27.4)
Unallocated operating costs
and expenses/intersegment
elimination................................................. (73) (75)
Consolidated operating income.............. ¥ 149 ¥244 62.7%
Capital Expenditure
In fiscal 2000, we increased capital expenditure by 34.5%
from the previous year, to ¥438.0 billion ($3,533 million),
focusing primarily on growth areas such as semiconductors,
where demand was rapidly increasing. By business sector,
we invested ¥65.0 billion ($524 million) in services and
software, ¥54.9 billion ($443 million) in information pro-
cessing, ¥44.2 billion ($356 million) in telecommunications,
¥249.2 billion ($2,010 million) in electronic devices, of
which ¥206.2 billion ($1,663 million) was in semiconduc-
tors, and ¥12.2 billion ($98 million) in other sectors.
Capital Expenditure (¥ Billion)
Increase
(Decrease)
Years ended March 31 2000 2001 rate (%)
Services and software ................................. ¥ 64 ¥ 65 0.5%
Information processing............................... 89 54 (38.4)
Telecommunications ................................... 35 44 24.6
Electronic devices ......................................... 113 249 119.4
[Semiconductor production].................. [87] [206] [134.6]
Financing......................................................... ———
Other operations .......................................... 9 12 24.5
Corporate*...................................................... 12 12 (3.6)
Capital expenditure ..................................... ¥325 ¥438 34.5%
Domestic ......................................................... 227 338 48.7
Overseas.......................................................... 98 99 1.6
* Non-allocable capital expenditure for shared R&D and parent company manage-
ment division
Major Capital Expenditures:
* Services and Software —Outsourcing facilities for our
network services business
* Information Processing —Development facilities for
UNIX systems
288
435
435
325
438
1.38
0.84
0.65
1.46 1.36
(Times)
5,025
5,056
4,669
5,019 5,200
1.05
1.04
1.031.01
1.07
(Times)
Capital Expenditure
(¥ Billion)
Total Assets
(¥ Billion)
Coverage of Capital
Expenditure
(Times)
Total Assets Turnover Rate
(Times)
(Years ended March 31) (Years ended March 31)
'97 '98 '99 '00 '01'97 '98 '99 '00 '01
Management’s Discussion and Analysis of Operations