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Notice Regarding Sale of Shares in FANUC
Fujitsu Limited
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.
| 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)
(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)
(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) |
About Fujitsu
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting technologies, high-reliability/performance computing and telecommunications platforms, and a worldwide corps of systems and services experts make Fujitsu uniquely positioned to unleash the infinite possibilities of the broadband Internet to help its customers succeed. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5 trillion yen (about US$38 billion) for the fiscal year ended March 31, 2002.
For more information, please see: www.fujitsu.com
Press Contacts
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Inquiries
Address: Shiodome City Center 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo Japan 105-7123
Phone: +81 (0) 3-6252-2176
Fax: +81 (0) 3-6252-2783
Company:Fujitsu Limited
Date: 30 May, 2003
City: Tokyo
Company:
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