Fujitsu Limited

euro adhoc: Fujitsu Limited
Fujitsu Reports FY2003 Third-Quarter Financial Results (E)

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                                                                              January 29, 2004

Fujitsu Reports FY2003 Third-Quarter Financial Results

Consolidated Statements of Operations (Unaudited)
  Three months ended December 31                                                        
                                                          Yen                              U.S.  
                                                                                            Dollars
                                                      (millions)                 (millions)  
                                         2003                2002         Change      2003
                                                                                      (%)
Net sales                    Y 1,068,202    Y 1,017,614      +5.0    $9,983
Operating costs and
    expenses:
Cost of goods sold            781,634      736,892         +6.1        7,305
Selling, general and
  administrative                 276,382        293,864        -5.9        2,583  
    expenses
                                        1,058,016    1,030,756                          

  Operating income                10,186        (13,142)          -            95
  (loss)
  Other income
    (expenses):                                                                      
  Net interest*                  (3,824)              (4,886)                  (36)
  Equity in earnings of  
  affiliated  companies,      (2,877)              1,314                      (27)
      net Amortization
      of unrecognized
      obligation for              (14,375)          (10,850)                 (134)
      retirement benefits  
  Restructuring charges**  (2,735)                    -                      (25)
  Valuation loss on                  -                (7,094)                         -
  marketable securities
  Gain on sales                    90,985              1,382                      850  
  of marketable
  securities***
  Other, net                         (5,705)        (1,709)                      (53)
                                            61,469        (21,843)                        575  
  Income (Loss)                    71,655        (34,985)            -         670  
  before income  
  taxes and minority      
  interests
  Income taxes                      63,689         (8,299)            -          595
  Minority  interests              (314)         1,773              -            (3)
  Net income                    Y    7,652  Y (24,913)            -         $ 72  
    (loss)                                                

Note: All yen figures have been converted to U.S. dollars for
convenience only at a uniform rate of                      $1=107 yen.
* Net interest consists of interest income, dividend  income and
interest charges.
** Restructuring charges refers to the reduction and repositioning of
workforce, disposal of assets, etc.  in consolidated subsidiaries.  
***Gain on sales of marketable securities in third quarter of FY2003
refers to a 90,757 million yen gain on sales of affiliates' stock and
228 million yen on sales of available-for-sale securities.                

end of announcement            euro adhoc 29.01.2004
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Further inquiry note: TEL:+81 (0) 3-6252-2176 FAX:+81 (0) 3-6252-2783 URL:http://pr.fujitsu.com/en/news/fjcontacts.html E-mail:pr@fujitsu.com

Branche: Hardware
ISIN:      JP3818000006
WKN:        0354912
Index:    
Börsen:  Frankfurter Wertpapierbörse / official dealing
              SWX Swiss Exchange / official dealing
              London Stock Exchange / official dealing



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