Fujitsu 2002 Annual Report Download - page 24

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22
disk drives all contributed to an 11.8% decline in European
sales, to ¥591.6 billion. There was an operating loss of
¥17.9 billion (compared to an operating loss the previous
year of ¥6.0 billion).
The Americas
Sales in this region were impacted by sharp cutbacks in
capital spending by North American telecommunications
carriers, which resulted in dramatically lower sales of optical
transmission systems. Overall sales in the region declined
35.2%, to ¥403.9 billion. As a result, there was an operat-
ing loss of ¥57.4 billion (compared to the previous year’s
operating loss of ¥17.4 billion).
Other
Sales in all other regions, including Asia, totaled ¥251.6 bil-
lion, a decline of 0.9%. Worsening operations at small form
factor hard disk drive and printed circuit board manufactur-
ing subsidiaries in Southeast Asia resulted in a 57.8%
decline in operating income, to ¥5.9 billion.
Net Sales and Operating Income by Geographic Segment
(¥ Billion)
Increase
(Decrease)
Years ended March 31 2001 2002 rate (%)
Net sales
(including intersegment sales)
Japan .............................................................. ¥4,549 ¥4,161 (8.5)%
Europe ........................................................... 698 605 (13.3)
The Americas .............................................. 696 446 (36.0)
Other.............................................................. 555 473 (14.7)
Intersegment elimination ........................ (1,016) (680)
Consolidated net sales................................ ¥5,484 ¥5,006 (8.7)%
Operating income
Japan .............................................................. ¥328 ¥53 (83.8)%
Europe ........................................................... (6) (17) —
The Americas .............................................. (17) (57) —
Other.............................................................. 14 5(57.8)
Unallocated operating costs
and expenses/intersegment
elimination................................................. (75) (58)
Consolidated operating income.............. ¥ 244 ¥(74) —%
Capital Expenditure
In light of the challenging business environment, capital
expenditure in fiscal 2001 contracted by 29.9%, to ¥306.9
billion, targeted only at the most promising growth sectors.
Broken out by business segment, capital expenditure was
¥46.5 billion in services and software, ¥40.4 billion in
information processing, ¥19.4 billion in telecommunica-
tions, ¥180.2 billion in electronic devices (of which ¥122.3
billion was for semiconductors), and ¥20.1 billion in gener-
al corporate and other areas.
Capital Expenditure (¥ Billion)
Increase
(Decrease)
Years ended March 31 2001 2002 rate (%)
Services and Software................................. ¥ 65 ¥ 46 (28.4)%
Information Processing............................... 54 40 (26.2)
Telecommunications ................................... 44 19 (56.0)
Electronic Devices......................................... 249 180 (27.7)
[Semiconductor production].................. [196] [122] [(37.9)]
Financing......................................................... ———
Corporate*...................................................... 24 20 (18.2)
Total.................................................................. ¥438 ¥306 (29.9)%
Domestic ......................................................... 338 244 (27.7)
Overseas.......................................................... 99 62 (37.4)
* Non-allocable capital expenditure for shared R&D and parent company manage-
ment division
Major Capital Expenditures
Services and Software: Outsourcing facilities and net-
work infrastructure
Information Processing: Development and manufactur-
ing facilities for servers and
notebook PC hard disk drives
Telecommunications: Development and production
facilities for 3G wireless base
stations
Electronic Devices: Development facilities for
advanced logic chips; produc-
tion facilities for logic, flash
memory, and FRAM devices
FINANCIAL
SECTION
Net Sales by Customers’ Geographic Location
(¥ Billion)
Japan Europe The Americas Other
(Years ended March 31)