Fujitsu 2012 Annual Report Download - page 10

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Performance Highlights
Fujitsu Limited and Consolidated Subsidiaries
Years ended March 31 2003 2004 2005 2006
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥4,617,580 ¥4,766,888 ¥4,762,759 ¥4,791,416
Sales outside Japan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,336,915 1,388,623 1,422,095 1,591,574
Ratio of sales outside Japan (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.0 29.1 29.9 33.2
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,427 150,342 160,191 181,488
Operating income margin (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.2 3.2 3.4 3.8
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (122,066) 49,704 31,907 68,545
Cash flows from operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 117,797 ¥ 304,045 ¥ 277,232 ¥ 405,579
Cash flows from investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (64,415) 67,389 (15,129) (234,684)
Free cash flow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53,382 371,434 262,103 170,895
Cash flows from financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (67,237) (239,902) (212,034) (207,840)
Inventories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 595,984 ¥ 521,126 ¥ 478,510 ¥ 408,710
Monthly inventory turnover rate (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.59 0.64 0.71 0.88
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,225,361 3,865,589 3,640,198 3,807,131
Owners’ equity (total net assets – subscription rights to shares – minority
interests in consolidated subsidiaries) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 702,390 827,177 856,990 917,045
Return on equity (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17.4) 6.0 3.7 7.7
Owners’ equity ratio (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.6 21.4 23.5 24.1
Return on assets (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2.9) 1.3 0.9 1.8
Interest-bearing loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,763,769 1,277,121 1,082,788 928,613
D/E ratio (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.51 1.54 1.26 1.01
Net D/E ratio (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.14 1.04 0.73 0.55
R&D expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 285,735 250,910 240,222 241,566
Capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147,620 159,795 181,402 249,999
Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 264,678 200,031 169,918 169,843
Amounts per share of common stock (Yen and U.S. Dollars):
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (61.29) ¥ 24.55 ¥ 15.42 ¥ 32.83
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 3.00 6.00 6.00
Owners’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 350.84 413.22 414.18 443.20
Environmental
Trends in total greenhouse gas emissions (whole group and global)
(10,000 tons) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210.2 175.5 175.5 159.8
Social
Number of employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157,044 156,169 150,970 158,491
Trends in women managers (Non-consolidated) (%) . . . . . . . . . . . . . . . . 1.4 1.6 1.7 1.8
Governance
Percentage of outside directors (Non-consolidated) (%) . . . . . . . . . . . . . . 29 10 20 20
Note: The U.S. dollar amounts stated above and elsewhere in this report have been translated from yen, for readers’ convenience only, at the rate of ¥82 = US$1,
which was the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2012.
POINT 1
POINT 2
POINT 4
POINT 3
Financial Data
Non-financial Data (ESG Indicators)
POINT 1
In fiscal 2011, consolidated net sales declined ¥60.8 billion year on year, to ¥4,467.5 billion.
Excluding the impact of exchange rate fluctuations, net sales were on par with the previous
fiscal year. Negative factors, including effects from lower sales caused by flooding in Thailand
and a drop in Device Solutions sales due to weak demand, were largely offset by increased
sales of mobile phones and network products driven by growing smartphone usage.
POINT 2
Free cash flow (the sum of operating and investment cash flows) was a
positive ¥49.1 billion, or ¥64.2 billion less than the previous fiscal year.
Excluding proceeds from the sale of investment securities and other special
items reported in fiscal 2010, free cash flow was actually a positive ¥43.5
billion, or a year-on-year decline of ¥29.8 billion.
008 FUJITSU LIMITED ANNUAL REPORT 2012