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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]
  1. Summary of Consolidated Results (Six months ended September 30)
  1. 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)

  1. 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

  1. 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 %

  1. 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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