Notice Regarding Earnings Projections and Dividends Forecast

Tokyo, June 17, 2011

Fujitsu Limited has announced that consolidated earnings projections and the dividends forecast for the fiscal year ending March 31, 2012, not included in the "FY 2010 Full-Year Financial Results" announced on April 28, 2011, have in light of recent conditions and performance trends been determined as follows.

1. Consolidated Earnings Projections

Consolidated Earnings Projections for First-Half FY 2011
(April 1, 2011 - September 30, 2011)

	Net Sales (Billion Yen)	Operating Income (Billion Yen)	Net Income (Billion Yen)	Earnings Per Share (yen)
Current Projections	2,100.0	5.0	0	0
Results for 1H FY2010	2,147.4	47.1	19.0	9.22

Consolidated Earnings Projections for Full-Year FY 2011
(April 1, 2011 - March 31, 2012)

	Net Sales (Billion Yen)	Operating Income (Billion Yen)	Net Income (Billion Yen)	Earnings Per Share (yen)
Current Projections	4,600.0	135.0	60.0	28.99
Results for FY2010	4,528.4	132.5	55.0	26.62

2. Dividends Forecast

Annual Dividends

Record Date	End of First Half	Fiscal Year End	Total
Current Forecast	5 yen	5 yen	10 yen
Previous Dividends (FY 2010)	5 yen	5 yen	10 yen

3. Consolidated Earnings Projections and Dividend Forecast Overview

Fujitsu could not reasonably assess the financial impact on consolidated performance caused by the March 11, 2011 Tohoku earthquake, and consequently could not determine earnings projections and dividend forecast for the fiscal year ending March 31, 2012.

Although the outlook for domestic ICT investments remains uncertain, the risk associated with procurement of raw materials and components has abated. In view of this, Fujitsu has determined the above performance projections and dividend forecast. For details, please see "Fiscal 2011 Consolidated Earnings Projections," attached to this notice.

Financial Materials

Fiscal 2011 Consolidated Earnings Projections (140 KB) [139KB / A4 / 6 pages]

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Note: These materials may contain forward-looking statements that are based on management's current information, views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results may differ materially from those projected or implied in the forward-looking statements due to, without limitation, the following factors:

• General economic and market conditions in key markets (particularly in Japan, North America, Europe, and Asia, including China)
• Rapid changes in the high-technology market (particularly semiconductors, PCs, etc.)
• Fluctuations in exchange rates or interest rates
• Fluctuations in capital markets
• Intensifying price competition
• Changes in market positioning due to competition in R&D
• Changes in the environment for the procurement of parts and components
• Changes in competitive relationships relating to collaborations, alliances and technical provisions
• Risks related to public regulations, public policy, and tax matters
• Risks related to product or services defects
• Potential emergence of unprofitable projects
• Risks related to R&D investments, capital expenditures, business acquisitions, business restructuring, etc.
• Risks related to natural disasters and unforeseen events
• Changes in accounting policies