Fujitsu 1996 - Consolidated Statements of Operations

Consolidated Statements of Operations

U.S. dollars

Yen (thousands)

(millions) (Note 2)

Years ended March 31 1994 1995 1996 1996

Net Sales 3,139,330 3,257,706 3,761,966 35,490,245

Operating costs and expenses:

Cost of goods sold 2,056,045 2,117,777 2,495,014 23,537,868

Selling, general and administrative expenses 979,928 974,054 1,061,070 10,010,094

3,035,973 3,091,831 3,556,084 33,547,962

Operating income 103,357 165,875 205,882 1,942,283

Other income (expenses):

Interest and dividend income 15,441 13,858 10,976 103,547

Interest charges (64,580) (55,454) (48,589) (458,387)

Other, net (Note 12) (27,991) (38,908) (40,583) (382,858)

(77,130) (80,504) (78,196) (737,698)

Income before income taxes 26,227 85,371 127,686 1,204,585

Income taxes (Note 9):

Current 35,528 52,152 71,675 676,179

Deferred (631) (1,772) (19) (179)

34,897 50,380 71,656 676,000

Income (loss) before minority interests and equity in earnings (losses) (8,670) 34,991 56,030 528,585

Minority interests in income of consolidated subsidiaries (3,375) (1,197) (4,818) (45,453)

Equity in earnings (losses) of affiliates, net (25,627) 11,226 11,901 112,274

Net income (loss) (37,672) 45,020 63,113 595,406

Yen U.S. dollars

Net income (loss) per share (20.8) 24.8 34.5 0.325

Cash dividends per share 8.0 10.0 10.0 0.094

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

Years ended March 31	1994	1995	1996	1996

Net Sales	3,139,330	3,257,706	3,761,966	35,490,245

Operating costs and expenses:
Cost of goods sold	2,056,045	2,117,777	2,495,014	23,537,868
Selling, general and administrative expenses	979,928	974,054	1,061,070	10,010,094

	3,035,973	3,091,831	3,556,084	33,547,962

Operating income	103,357	165,875	205,882	1,942,283

Other income (expenses):
Interest and dividend income	15,441	13,858	10,976	103,547
Interest charges	(64,580)	(55,454)	(48,589)	(458,387)
Other, net (Note 12)	(27,991)	(38,908)	(40,583)	(382,858)

	(77,130)	(80,504)	(78,196)	(737,698)

Income before income taxes	26,227	85,371	127,686	1,204,585

Income taxes (Note 9):
Current	35,528	52,152	71,675	676,179
Deferred	(631)	(1,772)	(19)	(179)

	34,897	50,380	71,656	676,000

Income (loss) before minority interests and equity in earnings (losses)	(8,670)	34,991	56,030	528,585

Minority interests in income of consolidated subsidiaries	(3,375)	(1,197)	(4,818)	(45,453)

Equity in earnings (losses) of affiliates, net	(25,627)	11,226	11,901	112,274

Net income (loss)	(37,672)	45,020	63,113	595,406



	Yen	U.S. dollars

Net income (loss) per share	(20.8)	24.8	34.5	0.325
Cash dividends per share	8.0	10.0	10.0	0.094

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

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