Regarding Loss on Revaluation of Investment Securities in Fiscal 2008

Tokyo, April 30, 2009

Fujitsu Limited today announced that in its financial results for fiscal 2008 ended March 31, 2009, it has recognized a loss on the revaluation of investment securities owned by Fujitsu or its subsidiaries for which the current market value or net worth has declined significantly and is unlikely to be recovered in the future.

1. Revaluation Loss on Investment Securities for FY 2008

(billion yen)
		Unconsolidated	Consolidated
(A) Total loss on revaluation of investment securities for fourth quarter of FY2008 (January 1, 2009 – March 31, 2009) (a-b)		11.6	12.3
	(a) Total loss on revaluation of investment securities for full-year FY2008 (April 1, 2008 – March 31, 2009)	12.7	18.7
	(b) Total loss on revaluation of investment securities for first nine months of FY2008 (April 1, 2008 – December 31, 2008)	1.0	6.4

*During the year, quarterly valuation of investment securities is to first add back the previous year’s downward revaluation in full in arriving at the quarterly opening values.
* The fiscal year ends March 31.

Reference: Valuation Loss as Ratio of Net Assets and Net Income

(billion yen)
		Unconsolidated	Consolidated
(B) Net assets as of March 31, 2008		636.8	1,130.1
	(A/B x 100)	1.8％	1.1％
	(a/B x 100)	2.0％	1.7％
(C) FY2007 net income		61.4	48.1
	(A/C x 100)	19.0％	25.6％
	(a/C x 100)	20.8％	38.9％

2. Forecast for Fiscal 2008

The above revaluation loss on investment securities has been recognized as “other expenses” in the financial results for fiscal 2008. In regard to the impact on fiscal 2008 results, please refer to the separate release “Regarding Revision to Earnings Projections for Fiscal 2008” also released today.