Fujitsu 2014 Annual Report Download - page 25

Message to shareholders and investors
We will increase our strategic investments aimed at expanding into new ICT usage areas and driving global business
expansion, putting Fujitsu on a sustainable growth path for the future and steadily executing our plans with the goal of
increasing shareholder value.
Stance on returns to shareholders and dividend policy
We decided to forgo payment of the interim dividend for fiscal 2013 as retained earnings became negative on a non-
consolidated basis in the previous fiscal year. As a result, we paid only the year-end dividend, making the annual divi-
dend ¥4 per share. In fiscal 2014, we plan to pay an annual dividend of ¥8 per share, including an interim dividend of
¥4 per share.
Until fiscal 2013, we steadily pushed ahead with enhancing and
transforming our businesses through structural reforms, and
increased our capacity to provide new value to customers on a
one-stop basis. As a result, although the owners’ equity ratio and
certain other metrics declined temporarily, the foundation for our
next stage of growth has steadily become more solid.
Fujitsu is determined to become an enterprise that is truly
worthy of the trust of its customers by restoring its strength as a
Under Fujitsu’s policy on the distribution of earnings, a portion of
retained earnings is paid to shareholders to provide a stable
return, and a portion is retained by the Company to strengthen
its financial base and support new business development oppor-
tunities that will result in improved medium- and long-term
performance. In addition, taking into consideration the level of
profit, Fujitsu aims to further increase the distribution of profit to
shareholders when the financial base is sufficiently strong,
including through share buybacks.
In its fiscal 2012 non-consolidated results, Fujitsu posted
large losses, including a loss on valuation of shares in affiliates
and business restructuring charges, resulting in negative retained
earnings. Accordingly, we suspended the year-end dividend for
fiscal 2012 and did not pay an interim dividend in fiscal 2013.
After implementing various measures, Fujitsu’s financial
company, including a strong financial position. We believe that
fiscal 2014 is a crucial year for achieving this goal. We have
drawn up a new growth strategy as a roadmap for getting us
there. We believe that now is the perfect opportunity to spur
growth based on ICT. To this end, we will rapidly increase our
earnings capacity and steadily put our plans into action with the
goal of increasing shareholder value.
condition on a non-consolidated basis has recovered to a level at
which dividend payments can be resumed. Accordingly, we have
decided to pay a year-end dividend for fiscal 2013. However,
given that earnings are still recovering, and in consideration of
the future sustainability of dividend payments, we decided to pay
a year-end dividend of ¥4 per share.
With respect to the payment of dividends from retained earn-
ings in fiscal 2014, we plan to restore biannual dividend pay-
ments based on an interim and year-end dividend. We intend to
resume the previous level of dividends (interim and year-end
dividends of ¥5 per share each) as soon as possible. However, we
believe that our first priority is to ensure the payment of sustain-
able interim and year-end dividends. Accordingly, we plan to pay
an annual dividend of ¥8 per share for fiscal 2014, including an
interim dividend of ¥4 per share.
BREAKDOWN AND TREND OF ANNUAL DIVIDENDS
Per Share
Record Date Interim Year-end Annual
Fiscal 2012 (Actual) ¥5 ¥0 ¥5
Fiscal 2013 (Actual) ¥0 ¥4 ¥4
Fiscal 2014 (Forecast) ¥4 ¥4 ¥8
RETURN OF PROFITS AND DIVIDEND POLICY
SHAREHOLDERS AND INVESTORS
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FUJITSU LIMITED ANNUAL REPORT 2014
MANAGEMENT FACTS & FIGURESRESPONSIBILITYPERFORMANCE
MESSAGE TO SHAREHOLDERS AND OTHER INVESTORS