Fujitsu 2014 Annual Report Download - page 14

The operating income projection of ¥140.0 billion made at the beginning of the fiscal
year was exceeded. Changes in the business environment for mobile phones caused
the Ubiquitous Solutions segment to record lower segment profit year on year, but
the Technology Solutions segment saw higher profit, owing to a recovery in ICT
investments in Japan and other factors. Results in the Device Solutions segment also
improved, bolstered by the impact of structural reforms and the weaker yen. Also
contributing to these results were the effects of workforce-related measures, includ-
ing emergency actions, and reductions in corporate expenses.
Fujitsu returned to profitability as profit for the year exceeded the initial projection of
¥45.0 billion. Structural reforms in the LSI device business and businesses outside
Japan proceeded essentially as planned, and, while extraordinary losses of ¥59.3
billion were recorded to consolidate manufacturing locations in the mobile phone
business and implement a shift in resources, these were accompanied by a recovery
in core businesses and gains on sales of underutilized real estate and shareholdings.
Operating Income Net Income (Loss)
PERFORMANCE HIGHLIGHTS
Fujitsu Limited and Consolidated Subsidiaries
*In accordance with the adoption of the amended IAS 19, the figures for fiscal 2012 have been retroactively revised.
Years ended March 31 2005 2006 2007 2008
FINANCIAL DATA
Net sales ¥4,762,759 ¥4,791,416 ¥5,100,163 ¥5,330,865
Sales outside Japan 1,422,095 1,591,574 1,825,255 1,923,621
Ratio of sales outside Japan (%) 29.9 33.2 35.8 36.1
Operating income 160,191 181,488 182,088 204,989
Operating income margin (%) 3.4 3.8 3.6 3.8
Net income (loss) 31,907 68,545 102,415 48,107 ―
Cash flows from operating activities ¥ 277,232 ¥ 405,579 ¥ 408,765 ¥ 322,072
Cash flows from investing activities (15,129) (234,684) (151,083) (283,926) ―
Free cash flow 262,103 170,895 257,682 38,146 ―
Cash flows from financing activities (212,034) (207,840) (234,953) 62,325 ―
Inventories ¥ 478,510 ¥ 408,710 ¥ 412,387 ¥ 383,106
Monthly inventory turnover rate (times) 0.71 0.88 0.93 1.03
Total assets 3,640,198 3,807,131 3,943,724 3,821,963
Owners’ equity (total net assets – subscription rights to shares
– minority interests in consolidated subsidiaries) 856,990 917,045 969,522 948,204
Return on equity (%) 3.7 7.7 10.9 5.0
Owners’ equity ratio (%) 23.5 24.1 24.6 24.8
Return on assets (%) 0.9 1.8 2.6 1.2
Interest-bearing loans 1,082,788 928,613 745,817 887,336
D/E ratio (times) 1.26 1.01 0.77 0.94
Net D/E ratio (times) 0.73 0.55 0.31 0.36
R&D expenses 240,222 241,566 254,095 258,717
Capital expenditure 181,402 249,999 305,285 249,063
Depreciation 169,918 169,843 202,825 200,509
AMOUNTS PER SHARE OF COMMON STOCK (YEN AND U.S. DOLLARS):
Net income (loss) ¥ 15.42 ¥ 32.83 ¥ 49.54 ¥ 23.34 ―
Cash dividends 6 6 6 8
Owners’ equity 414.18 443.20 469.02 458.31
NON-FINANCIAL DATA (ESG INDICATORS)
ENVIRONMENTAL
Trends in total greenhouse gas emissions (whole group and global)
(10,000 tons) 175.5 159.8 153.0 189.4
SOCIAL
Number of employees 150,970 158,491 160,977 167,374
Trends in Female Managers (non-consolidated) (%) 1.7 1.8 2.2 2.4
GOVERNANCE
Ratio of External Directors (non-consolidated) (%) 20.0 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 ¥103 = US$1,
which was the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2014.
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012 FUJITSU LIMITED ANNUAL REPORT 2014