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52 Fujitsu Limited
Yen U.S. Dollars
(millions) (thousands)
Years ended March 31 2003 2004 2005 2005
Net sales ¥1,214,169 ¥1,393,351 ¥1,603,931 $14,990,009
Net income 445 39,994 45,934 429,290
After the shares in Advantest Corporation were sold for the year ended March 31, 2005, Advantest Corporation was
no longer treated as an equity method affiliate. In the summary of the financial information stated above, the net assets of
Advantest Corporation at March 31, 2004 were ¥221,768 million.
The carrying and market values of the shares of the publicly listed equity method affiliates at March 31, 2004 and
2005 were as follows:
Yen U.S. Dollars
(millions) (thousands)
At March 31 2004 2005 2005
Carrying value ¥18,148 ¥ 9,838 $ 91,944
Market value 79,581 30,465 284,720
After shares in Advantest Corporation were sold for the year ended March 31, 2005, Advantest Corporation was no
longer treated as an equity method affiliate. The carrying and market values at March 31, 2004 stated above included
¥9,205 million and ¥34,709 million, respectively, for Advantest Corporation
At March 31, 2004 and 2005, the amount of ¥19,373 million ($181,056 thousand) representing the Company’s 29.49%
investment in JECC was included in “other investments and long-term loans.” The Company does not regard JECC as an
affiliate as it is unable to exercise significant influence over JECC’s affairs. JECC’s principal business is the leasing of
computers and peripherals purchased from its six shareholders. At March 31, 2004 and 2005, JECC’s issued share capital
was ¥65,700 million ($614,019 thousand). Its net sales for the years ended March 31, 2003, 2004 and 2005 amounted to
¥295,987 million, ¥303,285 million and ¥304,482 million ($2,845,626 thousand), respectively.