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Fujitsu Revises FY 2009 Earnings Projections

Fujitsu Limited

Tokyo, July 30, 2009

Fujitsu announced today that it has revised its consolidated earnings projections for fiscal 2009, previously announced on April 30, 2009.

1. Revised Consolidated Earnings Projections

Revised Projections for First-Half FY 2009 (April 1, 2009 - September 30, 2009)

(Billion Yen)
  Net Sales Operating Income/Loss Net Income/Loss
Previous Projection (A) 2,200.0 -50.0 -65.0
Current Projection (B) 2,210.0 -35.0 -55.0
Change (B-A) 10.0 15.0 10.0
Percent Change 0.5% - -
Results for First-Half FY 2008 2,453.7 38.5 4.6

Revised Projections for Full-Year FY 2009 (April 1, 2009 - March 31, 2010)

(Billion Yen)
  Net Sales Operating Income Net Income/Loss
Previous Projection (A) 4,800.0 80.0 20.0
Current Projection (B) 4,820.0 90.0 25.0
Change (B-A) 20.0 10.0 5.0
Percent Change 0.4% 12.5% 25.0%
Results for FY 2008 4,692.9 68.7 -112.3

2. Reasons for Revisions to Earnings Projections

(1) First-Half FY 2009

The operating loss projection has been revised to 35.0 billion yen, an improvement of 15.0 billion yen compared with the previous forecast in April 2009. Market conditions for electronic components and car audio and navigation products have improved beyond expectations, while increased sales and enhanced cost efficiency in the mobile phone business have also bolstered profitability. The net loss projection was revised for the same reason.

(2) Full-Year FY 2009

The operating income projection has been revised to 90.0 billion yen, an increase of 10.0 billion yen from the previous forecast due to improved market conditions for electronic components. The net income projection was revised for the same reason.

* These materials may contain forward-looking statements that are based on management's current 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, mobile phones, 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
- Potential emergence of unprofitable projects
- Changes in accounting policies

About Fujitsu

Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 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 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.

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All other company or product names mentioned 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: 30 July, 2009
City: Tokyo
Company: Fujitsu Limited, , , , ,