We expect that the business environment in which the Fujitsu Group operates will become even more fast-changing in the future. By concentrating our management resources on areas that will be at the core of the Internet, we will strive to maximize growth and profitability, while at the same time promoting management efficiency and strengthening our financial condition. Moreover, to further promote the global business development of the Fujitsu Group, we are working to build the Fujitsu name into a globally recognized corporate brand.

Finally, Fujitsu considers global environmental problems as an important management concern. Through such activities as making environmentally friendly products, implementing an environmental accounting system and encouraging activities such as our employee volunteer-led reforestation effort in Southeast Asia, we are continually endeavoring to minimize the burden placed on the environment.

In the ways described above, Fujitsu is continuously seeking to reinvent itself so as to be a leader in the 21st century, a global company respected by customers and society alike.

Reorganization

In June 1999, in order to speed decision making and strengthen management strategy formation, we carried out a major reorganization in which operational authority was shifted to Business Units reporting directly to the president. At the same time, we set up a Management Strategy Council, which has responsibility for planning group management strategies. On April 1st of this year, in order to be more responsive to the fast-changing business environment and further clarify operational responsibilities, Fujitsu carried out an additional reorganization that included changing the areas of responsibility of members of the Board of Directors.

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