Fujitsu 2012 Annual Report Download - page 23

0
3
6
12
9
10.00
8.00
10.00
8.008.00
2008 2010 2011 20122009
Return of profits and dividend policy
Message to shareholders and investors
What is your stance on returns to shareholders and dividends?
Our policy is to provide a stable dividend while ensuring sufficient internal
reserves to support the active expansion of our business. In fiscal 2011, we paid
an annual dividend of ¥10 per share, as originally planned.
What message do you have for shareholders and investors?
Fujitsu believes in the power of ICT to transform society, and as a Japanese global
ICT company exemplifying the best of what Japan has to offer, will help to resolve
the world’s pressing problems.
Q.6
Q.7
A.6
A.7
Under Fujitsu’s policy on the distribution of earnings, a portion of retained earnings is paid to shareholders to
provide a stable return on a continuous basis, and a portion is retained by the Company to strengthen its financial
base and support new business development opportunities that will result in improved medium- and long-term
performance. In addition, taking into consideration the level of profits, Fujitsu aims to increase the distribution of
profits to its shareholders even more robustly when the financial base is sufficiently strong, including through
share buybacks.
For fiscal 2011, operating income and net income declined year on year as a result of the sluggish recovery in ICT
investment both in Japan and abroad, as well as the negative effects of the historically high yen and flooding in
Thailand. These challenges aside, we managed to maintain a certain level of performance, with the profitability of
the services business outside Japan improving, and net income exceeding the revised forecast announced in
January 2012. Our financial position is also steadily improving, with the balance of interest-bearing loans falling to
its lowest level in a decade. As a result, we were able to pay the planned year-end dividend of ¥5 per share, which
together with the interim dividend (¥5 per share) amounted to an annual dividend of ¥10 per share, the same
level as in the previous fiscal year.
In terms of the distribution of retained earnings, we plan to maintain a biannual payout comprising an interim
and year-end dividend. For the fiscal 2012 annual dividend we plan to pay ¥10 per share, including an interim
dividend of ¥5 per share, the same as in fiscal 2011.
We at Fujitsu are grateful for the continued understanding and support of our shareholders. We will make a
concerted effort as a management team for sustained improvement in corporate value, in order to meet the expec-
tations of all stakeholders.
We believe Fujitsu’s customers to be the whole of society. To achieve sustained growth as a company, it is important
for us at Fujitsu to integrate the social and environmental aspects of our business activities, and to enhance our
corporate value. As for the host of issues facing the world, we hope to achieve a shared understanding with govern-
ments, international institutions, and NGOs, and to contribute to the resolution of various social issues through our
main business operations.
As Japan’s leading company in the ICT field, we remain prepared to compete alongside the top players around the
world. We intend to take full advantage of Fujitsu’s strengths as an ICT company originating in Japan to strive for
ongoing improvement in corporate value by meeting the expectations of all of our stakeholders.
Cash Dividends per Share
(Yen)
(Years ended March 31)
021
FUJITSU LIMITED ANNUAL REPORT 2012
Management