euro adhoc: Fujitsu Limited / Fujitsu Reports FY2003 Third-Quarter Financial Results (E)

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January 29, 2004

Fujitsu Reports FY2003 Third-Quarter Financial Results

Consolidated Statements of Operations (Unaudited) Three months ended December 31 Yen U.S. Dollars (millions) (millions) 2003 2002 Change 2003 (%) Net sales Y 1,068,202 Y 1,017,614 +5.0 $9,983 Operating costs and expenses: Cost of goods sold 781,634 736,892 +6.1 7,305 Selling, general and administrative 276,382 293,864 -5.9 2,583 expenses 1,058,016 1,030,756 Operating income 10,186 (13,142) - 95 (loss) Other income (expenses): Net interest* (3,824) (4,886) (36) Equity in earnings of affiliated companies, (2,877) 1,314 (27) net Amortization of unrecognized obligation for (14,375) (10,850) (134) retirement benefits Restructuring charges** (2,735) - (25) Valuation loss on - (7,094) - marketable securities Gain on sales 90,985 1,382 850 of marketable securities*** Other, net (5,705) (1,709) (53) 61,469 (21,843) 575 Income (Loss) 71,655 (34,985) - 670 before income taxes and minority interests Income taxes 63,689 (8,299) - 595 Minority interests (314) 1,773 - (3) Net income Y 7,652 Y (24,913) - $ 72 (loss) Note: All yen figures have been converted to U.S. dollars for convenience only at a uniform rate of $1=107 yen.

* Net interest consists of interest income, dividend income and interest charges.
** Restructuring charges refers to the reduction and repositioning of workforce, disposal of assets, etc. in consolidated subsidiaries. ***Gain on sales of marketable securities in third quarter of FY2003 refers to a 90,757 million yen gain on sales of affiliates' stock and 228 million yen on sales of available-for-sale securities.

Further inquiry note:
TEL:+81 (0) 3-6252-2176
FAX:+81 (0) 3-6252-2783
URL:http://pr.fujitsu.com/en/news/fjcontacts.html
E-mail:pr@fujitsu.com
Tel: +81(0) 3-6252-2176
FAX: +81(0) 3-6252-2783
Email: pr@fujitsu.com

Emittent: Fujitsu Limited 1-5-2 Higashi Shimbashi, Minato-Ku UK-1057123 Tokyo Tel: +81(0) 3-6252-2176 FAX: +81(0) 3-6252-2783 Email: pr@fujitsu.com WWW: http://www.fujitsu.com ISIN: JP3818000006 WKN: 0354912 Indizes: Börsen: official dealing Frankfurter Wertpapierbörse, SWX Swiss

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Branche: Hardware
Sprache: Englisch

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