Fujitsu 2013 Annual Report Download - page 98

Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2009 2010 2011 2012 2013 2013
Net sales ¥4,692,991 ¥4,679,519 ¥4,528,405 ¥4,467,574 ¥4,381,728 $46,614,128
Operating income 68,772 94,373 132,594 105,304 95,278 1,013,596
Operating income margin 1.5% 2.0% 2.9% 2.4% 2.2%
Income (loss) before income taxes
and minority interests (113,314) 112,706 102,236 66,717 (45,113) (479,926)
Net income (loss) (112,388) 93,085 55,092 42,707 (72,913) (775,670)
Return on equity (13.2%) 12.0% 6.8% 5.1% (9.0%)
Comprehensive income — — 38,790 34,310 (32,959) (350,628)
Ratio of net sales outside Japan 32.0% 37.4% 35.1% 33.7% 34.2%
EMEA ¥ 657,073 ¥ 981,622 ¥ 845,485 ¥ 809,277 ¥ 768,149 $ 8,171,798
The Americas 391,443 321,603 322,272 286,595 287,742 3,061,085
APAC & China 451,370 445,079 419,606 410,224 442,324 4,705,574
Total of net sales outside Japan by
customers’ geographic location ¥1,499,886 ¥1,748,304 ¥1,587,363 ¥1,506,096 ¥1,498,215 $15,938,457
Amounts per share of common stock
(Yen and U.S. Dollars):
Earnings (loss)
Basic
¥ (54.35) ¥ 45.21 ¥ 26.62 ¥ 20.64 ¥ (35.24) $ (0.375)
Diluted — 42.17 25.75 20.55 — —
Owners’ equity 362.30 386.79 396.81 406.42 377.62 4.017
Total assets ¥3,221,982 ¥3,228,051 ¥3,024,097 ¥2,945,507 ¥3,049,054 $32,436,745
Net assets 925,602 948,373 953,779 966,598 909,809 9,678,819
Owners’ equity ratio 23.2% 24.7% 27.2% 28.6% 25.6%
Cash and cash equivalents ¥ 528,174 ¥ 420,166 ¥ 358,593 ¥ 266,698 ¥ 284,548 $ 3,027,106
Interest-bearing loans 883,480 577,443 470,823 381,148 534,967 5,691,138
D/E ratio (times) 1.18 0.72 0.57 0.45 0.68
Net D/E ratio (times) 0.47 0.20 0.14 0.14 0.32
Free cash flow 23,487 296,409 113,426 49,180 (90,471) (962,457)
Cash dividends per share for the year
(Yen and U.S. Dollars) ¥ 8.00 ¥ 8.00 ¥ 10.00 ¥ 10.00 ¥ 5.00 $ 0.053
[Interim cash dividends per share
for the year (Yen and U.S. Dollars)] [5.00] [3.00] [5.00] [5.00] [5.00] [0.053]
Total amount of dividends 16,538 16,522 20,696 20,694 10,346 110,064
Dividend payout ratio on a
consolidated basis — 17.7% 37.6% 48.4% –
R&D expenses ¥ 249,902 ¥ 224,951 ¥ 236,210 ¥ 238,360 ¥ 231,052 $ 2,458,000
Capital expenditure on property,
plant and equipment 167,690 126,481 130,218 140,626 121,766 1,295,383
Depreciation 223,975 164,844 141,698 131,577 116,565 1,240,053
Number of employees 165,612 172,438 172,336 173,155 168,733
Average exchange rate (yen):
U.S. Dollar
¥ 101 ¥ 93 ¥ 86 ¥ 79 ¥ 83
Euro 144 131 113 109 107
Pound Sterling 174 148 133 126 131
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 ¥94 = US$1, which was the approximate rate on the Tokyo Foreign Exchange Market at March 31, 2013.
2. Owners’ equity: Net assets less minority interests in consolidated subsidiaries and subscription rights to shares.
3. Comprehensive income: Amounts for the years ended March 31, 2009 and 2010 are not presented above, as the Company adopted “Accounting Stan-
dard for Presentation of Comprehensive Income” (Accounting Standards Board of Japan, Statement No. 25) effective the year ended March 31, 2011.
4. Diluted earnings per share and dividend payout ratio on a consolidated basis for the year ended March 31, 2009 and 2013 are not disclosed due to the
recording at net losses.
FIVE-YEAR SUMMARY
Fujitsu Limited and Consolidated Subsidiaries
096 FUJITSU LIMITED ANNUAL REPORT 2013