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FIVEYEAR SUMMARY
Fujitsu Limited and Consolidated Subsidiaries
Yen
(millions)
U.S. Dollars
(thousands)
(excluding per share data, D/E ratio, net D/E ratio, and number of employees)
Years ended March 31 2004 2005 2006 2007 2008 2008
Net sales ¥4,766,888 ¥4,762,759 ¥4,791,416 ¥5,100,163 ¥5,330,865 $53,308,650
Operating income 150,342 160,191 181,488 182,088 204,989 2,049,890
Income before income taxes
and minority interests
157,018
223,526
118,084
214,495
109,444
1,094,440
Net income 49,704 31,907 68,545 102,415 48,107 481,070
Total assets ¥3,865,589 ¥3,640,198 ¥3,807,131 ¥3,943,724 ¥3,821,963 $38,219,630
Net assets 1,017,637 1,021,197 1,090,075 1,160,719 1,130,176 11,301,760
Amounts per share of
common stock
(Yen and U.S. dollars):
Earnings
Basic ¥ 24.55 ¥ 15.42 ¥ 32.83 ¥ 49.54 ¥ 23.34 $ 0.233
Diluted 22.24 13.86 29.54 44.95 19.54 0.195
Cash dividends 3.00 6.00 6.00 6.00 8.00 0.080
Owners’ equity
(Net assets less minority interests)
413.22
414.18
443.20
469.02
458.31
4.583
Interest-bearing loans ¥1,277,121 ¥1,082,788 ¥ 928,613 ¥ 745,817 ¥ 887,336 $ 8,873,360
D/E ratio (times) 1.54 1.26 1.01 0.77 0.94
Net D/E ratio (times) 1.04 0.73 0.55 0.31 0.36
Free cash flow 371,434 262,103 170,895 257,682 38,146 381,460
R&D expenses ¥ 250,910 ¥ 240,222 ¥ 241,566 ¥ 254,095 ¥ 258,717 $ 2,587,170
Capital expenditure 159,795 181,402 249,999 305,285 249,063 2,490,630
Number of employees 156,169 150,970 158,491 160,977 167,374
Net sales by business segment
(excluding intersegment sales):
Technology Solutions ¥2,847,798 ¥2,860,359 ¥2,903,651 ¥3,064,713 ¥3,158,984 $31,589,840
Ubiquitous Product Solutions 834,256 899,000 926,417 993,232 1,056,520 10,565,200
Device Solutions 734,320 733,866 655,139 707,132 736,527 7,365,270
Other Operations 350,514 269,534 306,209 335,086 378,834 3,788,340
Total ¥4,766,888 ¥4,762,759 ¥4,791,416 ¥5,100,163 ¥5,330,865 $53,308,650
Net sales by customers’
geographic location:
Japan ¥3,378,265 ¥3,340,664 ¥3,199,842 ¥3,274,908 ¥3,407,244 $34,072,440
EMEA 605,051 633,243 689,774 795,877 839,719 8,397,190
The Americas 324,269 320,971 388,131 472,975 521,989 5,219,890
APAC & China 459,303 467,881 513,669 556,403 561,913 5,619,130
Total ¥4,766,888 ¥4,762,759 ¥4,791,416 ¥5,100,163 ¥5,330,865 $53,308,650
Notes: 1. See Note 16 of Notes to Consolidated Financial Statements for specific calculation of basic and diluted earnings 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 ¥100 = US$1, which was the approximate rate on the Tokyo Foreign Exchange Market at March 31, 2008.
3. “Net assets” at March 31, 2007 is presented based on a new accounting standard in Japan for net assets, effective April 1, 2006. The sums of figures formerly pre-
sented 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, 2008 are the total of interim and year-end dividends approved by the Company’s Board
of Directors on December 20, 2007 and May 23, 2008, respectively.
5. The Other Operations segment for the year ended March 31, 2004 includes the former Financing segment.
6. The capital expenditure stated above excludes intangible assets.
078
ANNUAL REPORT 2008FUJITSU LIMITED