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Fujitsu

Global

Performance Highlights

Index

FY2010 - FY2014* Financial Highlights (*FY2014: ended March 31, 2015)

NET SALES (REVENUE) AND PERCENTAGE OF SALES OUTSIDE JAPAN : Revenue decreased 0.2% year on year. Excluding the impact of foreign-exchange fluctuations, revenue decreased by 3.0%. The percentage of sales outside Japan climbed 1.8 percentage points to 39.6% due to the effect of foreign-currency exchange rates.

OPERATING PROFIT AND OPERATING PROFIT MARGIN : The operating profit margin improved by 0.7 of a percentage point year on year, mainly reflecting improved profitability in the mobile phone business and increased sales for system integration, as well as the recording of business restructuring expenses for LSIs and mobile phones in fiscal 2013.

NET PROFIT (LOSS) (PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF THE PARENT) : Net profit (profit attributable to owners of the parent) increased by ¥26.8 billion year on year, surpassing the initial target of ¥125.0 billion, mainly due to improved financial income associated with the yen's depreciation, in addition to increased operating profit.

FREE CASH FLOW : Free cash flow saw a year-on-year increase in net cash inflows of ¥32.0 billion, driven by Fujitsu's highest net profit to date of ¥140.0 billion and a decline in cash outlays for restructuring compared with the previous fiscal year.

OWNERS' EQUITY (EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT) AND OWNERS' EQUITY RATIO (EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT RATIO) : The owners' equity ratio (equity attributable to owners of the parent ratio) recovered to 24.2% due to the recording of net profit as well as an improvement in the funded status of defined benefit plans due to strong performance in plan asset management.

R&D EXPENSES AND RATIO TO NET SALES (REVENUE) : R&D expenses recorded an efficiency gain of 8.9% due to lower expenditures in the Technology Solutions, Ubiquitous Solutions, and Device Solutions segments.

CAPITAL EXPENDITURE : Capital expenditure increased for expanding datacenters in and outside Japan, as well as investments in LSI manufacturing facilities.

DIVIDENDS PER SHARE OF COMMON STOCK : The interim and year-end dividends were both ¥4 per share, bringing the annual dividend to ¥8 per share. This represented a ¥4 increase from the previous fiscal year, when no interim dividend was paid.

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ESG (Environment, Society, and Governance) Data

ENVIRONMENTAL ACCOUNTING (COSTS AND FINANCIAL EFFECT) : According to data collected for fiscal 2014, both costs and financial effect increased. Costs were ¥51.5 billion (up 13.0% year on year), while the financial effect was ¥86.2 billion (up 10.0% year on year).

NUMBER OF EMPLOYEES AND AVERAGE AGE (NON-CONSOLIDATED) : The number of employees at the end of fiscal 2014 was 25,627 (up 11 from the previous fiscal year-end), with an average age of 43.3 years (up 0.4 years from the previous fiscal year-end)

RATIO OF SHAREHOLDERS BY CATEGORY : By shareholder category, share ownership by foreign institutions and individuals increased 0.98% while ownership by Japanese individuals and others declined by 1.79%.

TRENDS IN TOTAL GREENHOUSE GAS EMISSIONS (WHOLE GROUP GLOBALLY) : Compared to fiscal 1990 year-end levels, Fujitsu's total greenhouse gas emissions on a global basis had decreased by 33.1% as of the end of fiscal 2014, exceeding the 20% target.

PERCENTAGE OF FEMALE MANAGERS (NON-CONSOLIDATED) : Fujitsu is promoting selective training for female employees, among other initiatives, aiming to achieve a 20% ratio of women both as employees and as newly appointed managers by fiscal 2020.

PERCENTAGE OF EXTERNAL DIRECTORS (NON-CONSOLIDATED) : Fujitsu actively appoints external directors to strengthen its oversight function. As of the end of fiscal 2014, 4 of the 11 directors were external directors.

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Highlights from FY 2014* Financial Results (*FY2014: ended March 31, 2015)

POINT1 Operating profitPOINT1 Operating profit

Operating profit increased year on year, mainly reflecting improved profitability in the mobile phone business and increased sales for system integration, as well as the recording of one-time restructuring expenses for LSIs and mobile phones in fiscal 2013. However, the result was lower than the initial target due to the impact of a decline in revenue, as well as factors such as an increase in PC component costs at our European sites following the euro's depreciation against the US dollar.

POINT2 Net profit (loss) (profit (loss) attributable to owners of the parent)POINT2 Net profit (loss) (profit (loss) attributable to owners of the parent)

Profit attributable to owners of the parent exceeded the initial target of ¥125.0 billion. This result reflects the increase in operating profit and an increase in financial income attributable to exchange rate gains associated with the yen's reciation and other factors, as well as a lighter-than-expected tax burden.

POINT3 Owners' equity ratio (equity attributable to owners of the parent ratio)POINT3 Owners' equity ratio (equity attributable to owners of the parent ratio)

The owners' equity ratio fell below 20% at the end of fiscal 2013 due to recording an unfunded amount of defined benefit plans on the balance sheet. However, by the end of fiscal 2014 it had recovered to 24.2%. The result reflects the recording of net profit as well as an improvement in the funded status of defined benefit plans due to strong performance in plan asset management.

POINT4 DividendsPOINT4 Dividends

Operating profit and net profit for fiscal 2014 both increased year on year. However, owners' equity (equity attributable to owners of the parent) has yet to recover to the level before recording the unfunded amount of defined benefit plans on the balance sheet. Moreover, earnings in fiscal 2015 are forecast to decline from fiscal 2014, reflecting deterioration in performance at some European sites due to the impact of the euro's rapid depreciation against the US dollar and plans for strategic investments to accelerate business model transformation.
In light of this situation, the year-end dividend for fiscal 2014 was ¥4 per share as announced in January 2015.
Combined with the interim dividend of ¥4 per share, the annual dividend for fiscal 2014 was ¥8 per share.

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Ten-Year Financial Data

It can see relating "POINT" "Graph" by clicking.

Fujitsu Limited and Consolidated Subsidiaries
*The Fujitsu Group adopted International Financial Reporting Standards (IFRS) in fiscal 2014. Figures for fiscal 2013 are presented based on both Japanese GAAP and IFRS.

FINANCIAL DATA

Yen (millions)
Fiscal year ended March 31 2006 2007 2008 2009 2010 2011 2012 2013 2014 2014
(IFRS)		 2015
(IFRS)
Net sales (revenue) Net sales (revenue) graph ¥4,791,416 ¥5,100,163 ¥5,330,865 ¥4,692,991 ¥4,679,519 ¥4,528,405 ¥4,467,574 ¥4,381,728 ¥4,762,445 ¥4,762,445 ¥4,753,210
Net sales (revenue) outside Japan 1,591,574 1,825,255 1,923,621 1,499,886 1,748,304 1,587,363 1,506,096 1,498,215 1,801,491 1,801,491 1,879,981
Percentage of sales outside Japan (%) Percentage of sales outside Japan (%) graph 33.2 35.8 36.1 32.0 37.4 35.1 33.7 34.2 37.8 37.8 39.6
Operating profit Operating profit point 181,488 182,088 204,989 68,772 94,373 132,594 105,304 88,272 142,567 147,275 178,628
Operating profit margin (%) Operating profit margin (%) graph 3.8 3.6 3.8 1.5 2.0 2.9 2.4 2.0 3.0 3.1 3.8
Net profit (loss) (profit (loss) attributable to owners of the parent) Net profit (loss) (profit (loss) attributable to owners of the parent) graph 68,545 102,415 48,107 (112,388) 93,085 55,092 42,707 (79,919) 48,610 113,215 140,024
Cash flows from operating activities ¥405,579 ¥408,765 ¥322,072 ¥248,098 ¥295,389 ¥255,534 ¥240,010 ¥71,010 ¥175,532 ¥176,502 ¥280,149
Cash flows from investing activities (234,684) (151,083) (283,926) (224,611) 1,020 (142,108) (190,830) (161,481) (128,873) (128,938) (200,516)
Free cash flow Free cash flow graph 170,895 257,682 38,146 23,487 296,409 113,426 49,180 (90,471) 46,659 47,564 79,633
Cash flows from financing activities (207,840) (234,953) 62,325 (47,894) (405,310) (166,933) (138,966) 100,384 (44,794) (46,217) (17,327)
Inventories ¥408,710 ¥412,387 ¥383,106 ¥306,456 ¥322,301 ¥341,438 ¥334,116 ¥323,092 ¥330,202 ¥330,202 ¥313,882
Monthly inventory turnover rate (times) 0.88 0.93 1.03 0.98 1.04 1.02 1.01 1.00 1.07 1.07 1.11
Total assets 3,807,131 3,943,724 3,821,963 3,221,982 3,228,051 3,024,097 2,945,507 2,920,326 3,079,534 3,105,937 3,271,121
Owners' equity (equity attributable to owners of the parent) Owners' equity (equity attributable to owners of the parent) graph 917,045 969,522 948,204 748,941 798,662 821,244 841,039 624,045 573,211 566,515 790,089
Return on equity (%) 7.7 10.9 5.0 (13.2) 12.0 6.8 5.1 (11.8) 8.1 23.2 20.6
Owners' equity ratio (equity attributable to owners of the parent ratio) (%) Owners' equity ratio (equity attributable to owners of the parent ratio) (%) graph 24.1 24.6 24.8 23.2 24.7 27.2 28.6 21.4 18.6 18.2 24.2
Return on assets (%) 1.8 2.6 1.2 (3.2) 2.9 1.8 1.4 (2.7) 1.6 3.7 4.4
Interest-bearing loans 928,613 745,817 887,336 883,480 577,443 470,823 381,148 534,967 519,640 560,243 578,492
D/E ratio (times) 1.01 0.77 0.94 1.18 0.72 0.57 0.45 0.86 0.91 0.99 0.73
Net D/E ratio (times) 0.55 0.31 0.36 0.47 0.20 0.14 0.14 0.40 0.38 0.46 0.27
R&D expenses R&D expenses graph 241,566 254,095 258,717 249,902 224,951 236,210 238,360 231,052 221,389 222,516 202,722
Capital expenditure Capital expenditure graph 249,999 305,285 249,063 167,690 126,481 130,218 140,626 121,766 122,282 122,863 140,697
Depreciation 169,843 202,825 200,509 223,975 164,844 141,698 131,577 116,565 115,180 115,929 121,207
Amounts per share of common stock (yen) Amounts per share of common stock (yen) graph










Net profit (loss) (profit (loss) attributable to owners of the parent) Net profit (loss) (profit (loss) attributable to owners of the parent) graph ¥32.83 ¥49.54 ¥23.34 ¥(54.35) ¥45.21 ¥26.62 ¥20.64 ¥(38.62) ¥23.49 ¥54.71 ¥67.68
Dividends Dividends graph 6 6 8 8 8 10 10 5 4 4 8
Owners' equity (equity attributable to owners of the parent) Owners' equity (equity attributable to owners of the parent) graph 443.20 469.02 458.31 362.30 386.79 396.81 406.42 301.57 277.03 273.79 381.88

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Ten-Year ESG Data

NON-FINANCIAL DATA (ESG INDICATORS)

Yen (millions)
  2006 2007 2008 2009 2010 2011 2012 2013 2014 2014
(IFRS)		 2015
(IFRS)
Environmental










Trends in total greenhouse gas emissions (whole group globally)(10,000 tons) 159.8 153.0 189.4 166.8 131.3 118.5 109.8 101.4 94.8 94.8 89.7
Social










Number of employees 158,491 160,977 167,374 165,612 172,438 172,336 173,155 168,733 162,393 162,393 158,846
Percentage of female managers (non-consolidated) (%) 1.8 2.2 2.4 2.9 3.1 3.5 3.7 4.0 4.3 4.3 4.6
Governance










Percentage of external directors (non-consolidated) (%) 20.0 20.0 20.0 20.0 30.0 30.0 36.4 33.3 27.3 27.3 36.4

Performance Data
"Financial information" (The numerical value of the degree ratio of the between last year)
And, it can see the data of "Non-financial information" in Excel sheet (40KB).

Fujitsu Group Integrated Report (PDF)

Performance Highlights (301 KB/A4, 4 pages)

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