Fujitsu 2013 Annual Report Download - page 12

Years ended March 31 2004 2005 2006 2007
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥4,766,888 ¥4,762,759 ¥4,791,416 ¥5,100,163
Sales outside Japan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,388,623 1,422,095 1,591,574 1,825,255
Ratio of sales outside Japan (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.1 29.9 33.2 35.8
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,342 160,191 181,488 182,088
Operating income margin (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.2 3.4 3.8 3.6
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,704 31,907 68,545 102,415
Cash flows from operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 304,045 ¥ 277,232 ¥ 405,579 ¥ 408,765
Cash flows from investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,389 (15,129) (234,684) (151,083)
Free cash flow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 371,434 262,103 170,895 257,682
Cash flows from financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (239,902) (212,034) (207,840) (234,953)
Inventories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 521,126 ¥ 478,510 ¥ 408,710 ¥ 412,387
Monthly inventory turnover rate (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.64 0.71 0.88 0.93
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,865,589 3,640,198 3,807,131 3,943,724
Owners’ equity (total net assets – subscription rights to shares – minority
interests in consolidated subsidiaries) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 827,177 856,990 917,045 969,522
Return on equity (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.0 3.7 7.7 10.9
Owners’ equity ratio (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.4 23.5 24.1 24.6
Return on assets (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.3 0.9 1.8 2.6
Interest-bearing loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,277,121 1,082,788 928,613 745,817
D/E ratio (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.54 1.26 1.01 0.77
Net D/E ratio (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.04 0.73 0.55 0.31
R&D expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250,910 240,222 241,566 254,095
Capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159,795 181,402 249,999 305,285
Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,031 169,918 169,843 202,825
Amounts per share of common stock (Yen and U.S. Dollars):
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 24.55 ¥ 15.42 ¥ 32.83 ¥ 49.54
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 6 6
Owners’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 413.22 414.18 443.20 469.02
Environmental
Trends in total greenhouse gas emissions (whole group and global)
(10,000 tons) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175.5 175.5 159.8 153.0
Social
Number of employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156,169 150,970 158,491 160,977
Trends in Female Managers (non-consolidated) (%) . . . . . . . . . . . . . . . . . 1.6 1.7 1.8 2.2
Governance
Ratio of External Directors (non-consolidated) (%) . . . . . . . . . . . . . . . . . . 10.0 20.0 20.0 20.0
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 ¥94 = US$1,
which was the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2013.
FINANCIAL DATA
Fujitsu booked a net loss of ¥72.9 billion for fiscal 2012, a deterioration of
¥115.6 billion from net income in the previous fiscal year. This is mainly
because of posting restructuring costs of ¥116.2 billion related to the LSI
business and overseas businesses, and an impairment loss of ¥34.2 billion
on the unamortized balance of goodwill relating to a European subsidiary.
Net Income (Loss) Free Cash Flow
Free cash flow, was negative ¥90.4 billion ($962 million), representing a
decrease in net cash inflows of ¥139.6 billion compared with the same
period in the previous fiscal year. Excluding one-time items such as the
special contribution to the defined benefit corporate pension fund of a UK
subsidiary company (¥114.3 billion), free cash flow amounted to ¥8.4
billion, which was ¥35.0 billion less than the previous fiscal year.
PERFORMANCE HIGHLIGHTS
Fujitsu Limited and Consolidated Subsidiaries
POINT 1
POINT 2
POINT 3
POINT 4
POINT 1POINT 2
NON-FINANCIAL DATA (ESG INDICATORS)
010 FUJITSU LIMITED ANNUAL REPORT 2013