Independent Auditors' Report
The Board of Directors
- We have examined the consolidated balance sheets of Fujitsu Limited and
consolidated subsidiaries (the "Group") as of March 31, 1996 and 1997, and the
related consolidated statements of income, shareholders' equity, and cash flows
for each of the three years in the period ended March 31, 1997, all expressed in
Japanese yen. Our examinations were made in accordance with auditing standards
generally accepted in Japan and, accordingly, included such tests of the
accounting records and such other auditing procedures as we considered necessary
in the circumstances.
- In our opinion, the consolidated financial statements referred to above,
expressed in Japanese yen, present fairly the consolidated financial position of
the Group at March 31, 1996 and 1997, and the consolidated results of its
operations and its cash flows for each of the three years in the period ended
March 31, 1997 in conformity with accounting principles generally accepted in
Japan applied on a consistent basis.
- The U.S. dollar amounts in the accompanying consolidated financial statements
with respect to the year ended March 31, 1997 are presented solely for
convenience. Our examination also included the translation of yen amounts into
U.S. dollar amounts and, in our opinion, such translation has been made on the
basis described in Note 2 to the consolidated financial statements.
June 27, 1997
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