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Notice Regarding Distribution of Dividends from Retained Earnings

Fujitsu Limited

Tokyo, May 12, 2008

Fujitsu Limited announced that its Board of Directors decided today to revise the planned cash dividend payment as indicated below. The company will notify shareholders regarding the distribution of dividends at a later date, following the completion of an audit process and a resolution by the Board of Directors, as required under the Corporate Law.

1. Description of Dividend

  Items Decided Recent Dividend Forecast
(Announced November 22, 2007)
Last Year’s Dividend
(fiscal year ending March 31, 2007)
Record Date March 31, 2008 March 31, 2008 March 31, 2007
Dividend Per Share 5 yen 3 yen 3 yen
Total Dividend Payment 10,344 million yen - 6, 201 million yen
Effective Date *1 - June 25, 2007
Source Retained Earnings - Capital Surplus*2

*1 Effective date will be announced when available.

*2 Percentage reduction in net assets: 0.6% (figure is rounded up to the nearest tenth of a percent)

2. Rationale

Fujitsu Limited maintains a basic policy of paying a portion of retained earnings to shareholders to provide a stable return on investment, and retaining a portion to strengthen its financial base and support new business development opportunities that will result in improved long-term performance.

In the current fiscal year ended March 31, 2008, the company recorded extraordinary losses resulting from changes to its accounting standards and a significant decline in the value of its securities holdings. On an operational basis, however, as a result of the company’s improved business performance, progress has been made in developing a structure that can generate a stable level of profits. The company therefore has decided to raise the year-end dividend by 2 yen to 5 yen per share, thereby increasing the annual dividend to 8 yen per share, with 3 yen paid following the interim financial results.

The company plans to continue its policy of paying dividends twice a year, based on financial results at the half-year and year-end. For fiscal 2008 ending March 31, 2009, we plan to pay an annual dividend of 10 yen per share (5 yen as an interim dividend).

Reference: Breakdown of annual dividend payments

   Dividend Per Share
Record Date End of First Half End of Fiscal Year Annual Basis
Payment for FY2006 3 yen 3 yen 6 yen
Payment for FY2007 3 yen 5 yen (planned) 8 yen (planned)
Projection for FY2008 5 yen 5 yen 10yen

About Fujitsu

Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 160,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5.3 trillion yen (US$53 billion) for the fiscal year ended March 31, 2008. For more information, please see: www.fujitsu.com.

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Company:Fujitsu Limited


Company and product names referenced herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

Date: 12 May, 2008
City: Tokyo
Company: Fujitsu Limited, , , , ,