29.01.2004 – 10:08

Fujitsu Limited

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

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

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

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
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