|  | 
| Contact: Yuri Momomoto or Scott Ikeda
 Fujitsu Limited, Public and Investor Relations
 Tel (+81-3) 6252-2176
 | FOR IMMEDIATE RELEASE October 29, 2003
 |  
| Fujitsu Reports FY2003 First-Half Financial Results [for first-half fiscal period, ended September 30, 2003]
 |  
Summary of Consolidated Results (Six months ended September 30)
 
Summary of Consolidated Statements of Operations
 
|  | Yen (millions)
 (except per share data)
 |  |  | U.S. Dollars (millions)
 (except per share data)
 |  
|  |  |  |  |  |  
| 
 | 1st Half 2003
 | 1st Half 2002
 | Change(%) | 
 | 1st Half 2003
 |  
|  |  |  |  |  
| Net Sales | Y 2,141,934 | Y 2,150,386 | - 0.4 | 
 | $19,297 |  
| Operating Income (Loss) | (17,990) | (23,278) | - | 
 | (162) |  
| Income (Loss) Before Income Taxes and Minority Interests
 | (51,082) | (220,101) | - | 
 | (460) |  
| Net Income (Loss) | (58,562) | (147,438) | - | 
 | (528) |  
| 
 | 
 | 
 | 
 | 
 | 
 |  
| Net Income (Loss) per common share
 | Y (29.28) | Y (73.66) | - | 
 | $ (0.264) |  
Net Sales by Business Segment
 
|  | Yen (millions)
 (except per share data)
 |  |  | U.S. Dollars (millions)
 (except per share data)
 |  
|  |  |  |  |  |  
| 
 | 1st Half 2003
 | 1st Half 2002
 | Change(%) | 
 | 1st Half 2003
 |  
|  |  |  |  |  
| Software & Services | Y 909,325 | Y 918,089 | - 1.0 | 
 | $8,192 |  
| Platforms | 723,821 | 769,713 | - 6.0 | 
 | 6,521 |  
| Electronic Devices | 334,746 | 289,037 | + 15.8 | 
 | 3,016 |  
| Financing | 50,391 | 55,074 | - 8.5 | 
 | 454 |  
| Other Operations | 123,651 | 118,473 | + 4.4 | 
 | 1,114 |  
|  |  |  |  |  |  |  
| Total | Y 2,141,934 | Y 2,150,386 | - 0.4 | 
 | $ 19,297 |  
Summary of Consolidated Financial Condition 
|  | Yen (millions)
 
 |  |  | U.S. Dollars (millions)
 
 |  
|  |  |  |  |  
|  | September 30 |  | March 31 |  |  | September 30 |  
| 
 | 2003 |  | 2003 |  | 
 | 2003 |  
|  |  |  |  |  
| Total Assets | Y 3,740,469 |  | Y 4,225,361 |  | 
 | $ 33,698 |  
| Shareholders' Equity | 649,866 |  | 702,390 |  | 
 | 5,855 |  
| Shareholders' Equity Ratio | 17.4 | % | 16.6 | % | 
 |  |  
Summary of Consolidated Statements of Cash Flows
 
|  | Yen (millions)
 
 |  | U.S. Dollars (millions)
 
 |  
|  |  |  |  |  
| 
 | 1st Half 2003
 | 1st Half 2002
 | 
 | 1st Half 2003
 |  
|  |  |  |  |  
| Cash Flows from Operating Activities | Y 37,424 | Y (80,996) | 
 | $ 337 |  
| Cash Flows from Investing Activities | (30,352) | (10,551) | 
 | (273) |  
| Cash Flows from Financing Activities | (50,637) | 111,582 | 
 | (456) |  
| Cash and Cash Equivalents at Half-year End
 | Y 236,658 | Y 316,370 | 
 | $ 2,132 |  
 
| Note: | All yen figures have been converted to U.S. dollars for convenience only at a uniform rate of $1=111 yen. |  
 
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