The continuing rapid expansion of the Internet as a vital component of
the social infrastructure suggests that the IT industry will enjoy
among the greatest rates of growth in the mid- to long-term. In the
next fiscal year, as corporate investment in information systems
gradually recovers, Fujitsu expects growth in services & software, as
well as continued strength in its telecommunications business,
particularly in response to expanding network demand in the US.
Although domestic sales of personal computers are expected to grow
even faster, overseas information processing sales are likely to be
adversely affected by the high value of the yen. In electronic
devices, the company plans to aggressively respond to continued
strong anticipated demand for flash memory and logic devices. While
future trends in currency rates and economic conditions are unclear,
Fujitsu is confident that realignment of its group-wide manufacturing
organization and other structural improvements, together with a clear
focus of management resources on areas with the Internet at their core,
will enable the company to achieve gains in business growth and
profitability. The company also wishes to note that in conjunction
with the application of retirement benefit accounting standards, it
is establishing a stock holding trust to amortize at one time the
unconsolidated portion of its unrecognized net obligations. Taking all
these factors into consideration, Fujitsu makes the following
projections at this time regarding consolidated earnings for FY2000.
Fujitsu Limited Consolidated Earnings Forecast for FY2000
(April 1, 2000 - March 31, 2001)
| billion yen | | change from FY1999 |
| ----------- | | --------------------- |
| Net Sales | 5,750 | | +9% |
| Operating Income | 310 | | +107% |
| Net Income | 100 | | +134% |
About Fujitsu
Fujitsu Limited (TSE: 6702) is a leading provider of Internet-based information technology solutions for the global marketplace.
Comprising over 500 group companies and affiliates worldwide --
including ICL, Amdahl and DMR Consulting -- it had
consolidated revenues of 5.26 trillion yen ($49.6 billion) in the
fiscal year ended March 31, 2000. Fujitsu's pace-setting
technologies, world-class computing and telecommunications
platforms, and global corps of over 60,000 systems and services
experts make it uniquely positioned to harness the power of the
Internet to help its customers succeed. Altogether, the Fujitsu
Group has 188,000 employees and operations in over 100 countries.
Home page: http://www.fujitsu.com/
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