Fujitsu Annual Report 1997 - Consolidated Statements of Income

Consolidated Statements of Income

U.S. dollars

Yen (thousands)

(millions) (Note 2)

Years ended March 31 1995 1996 1997 1997

Net Sales 3,257,706 3,761,966 4,503,474 36,318,339

Operating costs and expenses:

Cost of goods sold 2,117,777 2,495,014 3,149,607 25,400,057

Selling, general and administrative expenses 974,054 1,061,070 1,153,186 9,299,887

3,091,831 3,556,084 4,302,793 34,699,944

Operating income 165,875 205,882 200,681 1,618,395

Other income (expenses):

Interest and dividend income 13,858 10,976 9,758 78,694

Interest charges (55,454) (48,589) (49,276) (397,387)

Other, net (Note 12) (38,908) (40,583) (18,089) (145,879)

(80,504) (78,196) (57,607) (464,572)

Income before income taxes 85,371 127,686 143,074 1,153,823

Income taxes (Note 9):

Current 52,152 71,675 96,620 779,194

Deferred (1,772) (19) (121) (976)

50,380 71,656 96,449 778,218

Income before minority interests and equity in earnings 34,991 56,030 46,575 375,605

Minority interests in income of consolidated subsidiaries (1,197) (4,818) (4,175) (33,669)

Equity in earnings of affiliates, net 11,226 11,901 3,747 30,217

Net income 45,020 63,113 46,147 372,153

Yen U.S. dollars
(Note2)

Basic earnings per share 24.8 34.5 25.1 0.202

Diluted earnings per share 24.2 32.5 24.0 0.193

Cash dividends per share 10.0 10.0 10.0 0.081

		U.S. dollars
	Yen	(thousands)
	(millions)	(Note 2)

Years ended March 31	1995	1996	1997	1997

Net Sales	3,257,706	3,761,966	4,503,474	36,318,339

Operating costs and expenses:
Cost of goods sold	2,117,777	2,495,014	3,149,607	25,400,057
Selling, general and administrative expenses	974,054	1,061,070	1,153,186	9,299,887

	3,091,831	3,556,084	4,302,793	34,699,944

Operating income	165,875	205,882	200,681	1,618,395

Other income (expenses):
Interest and dividend income	13,858	10,976	9,758	78,694
Interest charges	(55,454)	(48,589)	(49,276)	(397,387)
Other, net (Note 12)	(38,908)	(40,583)	(18,089)	(145,879)

	(80,504)	(78,196)	(57,607)	(464,572)

Income before income taxes	85,371	127,686	143,074	1,153,823

Income taxes (Note 9):
Current	52,152	71,675	96,620	779,194
Deferred	(1,772)	(19)	(121)	(976)

	50,380	71,656	96,449	778,218

Income before minority interests and equity in earnings	34,991	56,030	46,575	375,605

Minority interests in income of consolidated subsidiaries	(1,197)	(4,818)	(4,175)	(33,669)

Equity in earnings of affiliates, net	11,226	11,901	3,747	30,217

Net income	45,020	63,113	46,147	372,153



	Yen	U.S. dollars (Note2)

Basic earnings per share	24.8	34.5	25.1	0.202
Diluted earnings per share	24.2	32.5	24.0	0.193
Cash dividends per share	10.0	10.0	10.0	0.081

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

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