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Notice Regarding Sale of Shares in FANUC
Tokyo, May 30, 2003 - Fujitsu Limited today announced that, as part of its efforts to reduce interest-bearing liabilities, it has sold a portion of its stockholdings in FANUC Ltd. Details are as follows.
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| Number of shares sold: | 11,000,000 |
| Value of sale: | about 55.4 billion yen |
Remaining shares held
in FANUC after the sale: | 59,681,663 (24.91% of FANUC's shares issued) |
| Method of sale: | to securities firm via block trade |
| Date of sale: | May 30, 2003 |
Impact on FY2003 Financial Results
The abovementioned sale of shares is expected to result in an unconsolidated extraordinary profit of about 55.3 billion yen and an extraordinary profit of about 26.3 billion yen on a consolidated basis. As a result, for the current fiscal year (FY2003), the impact on unconsolidated net income is projected to be an increase of about 32.1 billion yen, and an increase of about 3.1 billion yen on consolidated net income.
Accordingly, the company at this time makes the following revisions to the projections it issued at the time of its FY2002 financial results announcement on April 25, 2003. Consolidated financial projections are unchanged, as the projected impact falls within the range stipulated by Tokyo Stock Exchange regulations.
First Half FY2003 Unconsolidated Earnings Projections (April 1, 2003 - September 30, 2003)
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| (billion yen) |
|
Net Sales |
Operating
Income (Loss) |
Ordinary
Income (Loss) |
Net Income
(Loss) |
Previous Projection
(as of April 25, 2003) |
1,190.0 |
(45.0) |
(20.0) |
(10.0) |
| Revised Projection |
1,190.0 |
(45.0) |
(20.0) |
20.0 |
| Change (value) |
0 |
0 |
0 |
30.0 |
| Change (%) |
0% |
0% |
0% |
-- % |
| Previous Year (1HFY02) |
1,238.4 |
(23.8) |
(32.4) |
(104.9) |
|
Full Year FY2003 Unconsolidated Earnings Projections (April 1, 2003 - March 31, 2004)
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| (billion yen) |
|
Net Sales |
Operating
Income (Loss) |
Ordinary
Income (Loss) |
Net Income
(Loss) |
Previous Projection
(as of April 25, 2003) |
2,730.0 |
40.0 |
35.0 |
20.0 |
| Revised Projection |
2,730.0 |
40.0 |
35.0 |
50.0 |
| Change (value) |
0 |
0 |
0 |
30.0 |
| Change (%) |
0% |
0% |
0% |
150% |
| Previous Year (1HFY02) |
2,695.0 |
21.8 |
3.0 |
(175.0) |
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