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Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2007 2008 2009 2010 2011 2011
Net sales ¥5,100,163 ¥5,330,865 ¥4,692,991 ¥4,679,519 ¥4,528,405 $54,559,096
Operating income 182,088 204,989 68,772 94,373 132,594 1,597,518
Income (loss) before income taxes
and minority interests 214,495 109,444 (113,314) 112,706 102,236 1,231,759
Net income (loss) 102,415 48,107 (112,388) 93,085 55,092 663,759
Amounts per share of common
stock (Yen and U.S. Dollars):
Earnings (loss)
Basic ¥ 49.54 ¥ 23.34 ¥ (54.35) ¥ 45.21 ¥ 26.62 $ 0.321
Diluted 44.95 19.54 (54.35) 42.17 25.75 0.310
Cash dividends 6.00 8.00 8.00 8.00 10.00 0.120
Owners’ equity 469.02 458.31 362.30 386.79 396.81 4.781
Total assets ¥3,943,724 ¥3,821,963 ¥3,221,982 ¥3,228,051 ¥3,024,097 $36,434,904
Net assets 1,160,719 1,130,176 925,602 948,373 953,779 11,491,314
Cash and cash equivalents ¥ 448,705 ¥ 547,844 ¥ 528,174 ¥ 420,166 ¥ 358,593 $ 4,320,398
Interest-bearing loans 745,817 887,336 883,480 577,443 470,823 5,672,566
D/E ratio (times) 0.77 0.94 1.18 0.72 0.57
Net D/E ratio (times) 0.31 0.36 0.47 0.20 0.14
Free cash flow 257,682 38,146 23,487 296,409 113,426 1,366,578
R&D expenses ¥ 254,095 ¥ 258,717 ¥ 249,902 ¥ 224,951 ¥ 236,210 $ 2,845,904
Capital expenditure 305,285 249,063 167,690 126,481 130,218 1,568,892
Depreciation 202,825 200,509 223,975 164,844 141,698 1,707,205
Number of employees 160,977 167,374 165,612 172,438 172,336
Average exchange rate (yen)
U.S. Dollar ¥ 117 ¥ 114 ¥ 101 ¥ 93 ¥ 86
Euro 150 162 144 131 113
Pound Sterling 222 229 174 148 133
Ratio of sales outside Japan 35.8% 36.1% 32.0% 37.4% 35.1%
Net sales by customers’
geographic location:
Japan ¥3,274,908 ¥3,407,244 ¥3,193,105 ¥2,931,215 ¥2,941,042 $35,434,241
EMEA 795,877 839,719 657,073 981,622 845,485 10,186,566
The Americas 472,975 521,989 391,443 321,603 322,272 3,882,795
APAC & China 556,403 561,913 451,370 445,079 419,606 5,055,494
Total ¥5,100,163 ¥5,330,865 ¥4,692,991 ¥4,679,519 ¥4,528,405 $54,559,096
Notes: 1. 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’ convenience only, at the rate of ¥83 = US$1, which was the approximate rate on the Tokyo Foreign Exchange Market at March 31, 2011.
2. See Note 16 of Notes to Consolidated Financial Statements for specific calculation of basic and diluted earnings (loss) per share.
3. Cash dividends per share of common stock for the year ended March 31, 2011 are the total of interim and year-end dividends approved by the
Company’s Board of Directors on October 27, 2010 and May 23, 2011, respectively.
4. Owners’ equity: Net assets less minority interests in consolidated subsidiaries and subscription rights to shares
5. The capital expenditure and depreciation stated above exclude those of intangible assets.
FIVE-YEAR SUMMARY
Fujitsu Limited and Consolidated Subsidiaries
092 FUJITSU LIMITED ANNUAL REPORT 2011