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1. Basic Framework of Internal Control over Financial Reporting
Kuniaki Nozoe, President of Fujitsu Limited (the “Company”), and Kazuhiko Kato, Corporate First Senior Vice
President and Chief Financial Officer of the Company, are responsible for the design and operation of internal
control over financial reporting for the Fujitsu Group’s consolidated financial statements. The Fujitsu Group
designs and operates its internal control over financial reporting in accordance with guidelines set forth in “On
the Setting of the Standards and Practice Standards for Management Assessment and Audit concerning Inter-
nal Control Over Financial Reporting (Council Opinions)” from the Business Accounting Council of the Financial
Service Agency of Japan.
Internal control aims at achieving the objectives to a reasonable extent with the organized and integrated
function of basic individual components of internal control as a whole. There are inherent limitations to the
extent that internal control can be achieved. Such limitations include misjudgments and carelessness by indi-
viduals carrying out internal control activities, or fraud caused by the collusion of two or more individuals.
Accordingly, internal control may not completely prevent or detect misstatements in financial reporting.
2. Scope of Assessment, Assessment Date and Assessment Procedure
The Fujitsu Group performed an assessment of internal control over financial reporting for its consolidated
financial statements as of the end of the fiscal year, March 31, 2009, 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, and its
consolidated subsidiaries and equity method affiliates, the necessary scope of the assessment was determined
from the perspective of material impact on the reliability of financial reporting. Within the scope of assess-
ment, the Company identified the risks of misstatement which would have a material impact on the reliability
of financial reporting and the controls which mitigate such risks to a reasonably accepted level, and then
assessed the effectiveness of the design and operation of those controls.
The Company determined that 105 consolidated companies and 3 equity method affiliates should be sub-
ject to the assessment of company-level controls, and financial closing and reporting process controls, taking
into account the degree of quantitative and qualitative impact on the consolidated financial statements.
With respect to process-level controls, considering the results of the assessment of company-level controls,
the Company designated 22 business locations that accounted for approximately two-thirds of the aggre-
gated sales for this fiscal year (before elimination of inter-company transactions) of the consolidated compa-
nies as “significant business locations/units” which should be subject to the assessment.
Management’s Report on Internal Control over
Financial Reporting
127
ANNUAL REPORT 2009
FUJITSU LIMITED