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  7. Fujitsu Revises Fiscal 2006 First-Half Financial Results Forecast

Fujitsu Revises Fiscal 2006 First-Half Financial Results Forecast

Fujitsu Limited

Tokyo, July 27, 2006

Fujitsu Limited today revised its consolidated earnings forecast for the first half of fiscal 2006 (April 1, 2006 – September 30, 2006) as shown below. The forecast was previously issued on April 27, 2006 at the time of Fujitsu's fiscal 2005 financial results announcement. The company's full-year fiscal 2006 earnings forecast remains unchanged.

1. Revised FY 2006 First-Half Consolidated Financial Results Forecast

(April 1, 2006 – September 30, 2006)

(Billion yen)
Net Sales
Operating Income
Net Income
Previous Forecast* (A) 2,350.0 20.0 0
Revised Forecast (B) 2,350.0 35.0 5.0
Increase or Decrease (B-A) -- + 15.0 + 5.0
Percentage of Increase or Decrease -- + 75.0% --
First-Half FY 2005 Results
(For half year ended September 30, 2005)
2,192.3 47.5 7.6

* Previous forecast as of April 27, 2006

2. Explanation of Revision

Fujitsu revised its consolidated operating income forecast for the first half of fiscal 2006 upward by 15.0 billon yen compared to the forecast originally announced in April. In addition, the company increased its projected net income for the first half by 5.0 billion yen.

In addition to favorable trends in the company's outsourcing and other services businesses in Japan and overseas markets, demand continues to be firm for logic LSI devices for digital consumer electronics. Although the recovery of the IT market in Japan still lacks robustness, it is clearly showing gradual progress, with particularly positive developments in the financial services, manufacturing, and retail sectors.

However, with respect to the full-year fiscal 2006 period, the company is leaving unchanged the forecast it made at the beginning of the fiscal year. Even with the present upward revision of its first-half earnings forecast, expected results for the half-year period are still below the level of the same period in fiscal 2005. Moreover, uncertainties remain regarding certain product-related and solutions/SI businesses for which sales and profits tend to be highly concentrated toward the end of the fiscal year, and the company believes it is premature to change its assessments of prospective market conditions and profitability for the logic LSI devices business, which is currently performing well.

The Fujitsu Group will continue to make every possible effort to achieve the earnings targets set at the start of the fiscal year.

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of about 4.8 trillion yen (US$40.6 billion) for the fiscal year ended March 31, 2006. See http://www.fujitsu.com for further information.

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Company:Fujitsu Limited

Date: 27 July, 2006
City: Tokyo
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