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  7. Notice Regarding Distribution of Dividends from Retained Earnings

Notice Regarding Distribution of Dividends from Retained Earnings

Fujitsu Limited

Tokyo, April 28, 2011

Fujitsu Limited announced that its Board of Directors today decided upon the dividends to be paid from retained earnings to shareholders on the record date of March 31, 2011, as indicated below.

In accordance with the Company Law, distribution of the dividends will be formally approved at a future meeting of the Board of Directors following the completion of the company's financial audit, and announced by the company at a later date.

1. Dividend

  Items Decided Previous Dividend
Forecast
(April 30, 2010)
Previous Year's
Dividend
(fiscal year ended
March 31, 2010)
Record Date March 31, 2011 March 31, 2011 March 31, 2010
Dividend Per Share 5 yen 5 yen 5 yen
Total Dividend Payment 10,348 million yen - 10,324 million yen
Effective Date TBA(1) - May 31, 2010
Source Retained Earnings - Retained Earnings

2. Reason

As part of Fujitsu's basic policy on dividends, a portion of retained earnings is paid to shareholders to provide a stable return, and a portion is retained by the company to strengthen its financial base and support new business development opportunities that will result in improved long-term performance.

In fiscal 2010, operating income increased year on year owing to the effect of structural reforms in the LSI device business and decrease in the amortization of goodwill. This was despite the impact of a lagging recovery in demand for domestic ICT investments and deteriorating performance in certain overseas service business projects. Net income declined from the previous fiscal year due to an extraordinary loss posted as a result of the March 11 Tohoku earthquake and because of the previous fiscal year's proceeds from the sale of investment securities. Nonetheless, the company's financial condition is steadily improving. As a result, the company plans to pay a year-end dividend of 5 yen per share, the amount announced at the beginning of the fiscal year. Including the interim dividend of 5 yen per share, the annual dividend is 10 yen per share. This represents the first time since fiscal 2000 that Fujitsu plans to pay annual dividends of 10 yen per share.

Dividend payment plans for fiscal 2011 have not yet been determined. This is because conditions that may impact the company's consolidated performance—uncertainties over raw materials and component procurement, as well as ICT investments in Japan—make a rational assessment impossible at this time. Fujitsu will make available dividend payment plans as soon as forecast disclosure becomes possible.

Reference: Annual dividend payments

  Dividend Per Share
Record Date End of First Half End of Fiscal Year Annual Basis
Payment for FY2009 3 yen 5 yen 8 yen
Payment for FY2010 5 yen 5 yen (forecast) 10 yen (forecast)
Projection for FY2011 To be decided To be decided To be decided

  • [1] TBA

    Effective date will be announced upon the decision of the Board of Directors.

About Fujitsu

Fujitsu is a leading provider of ICT-based business solutions for the global marketplace. With approximately 170,000 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 4.5 trillion yen (US$55 billion) for the fiscal year ended March 31, 2011. For more information, please see: www.fujitsu.com.

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Company:Fujitsu Limited


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.

This press release has been revised as of December 17, 2018.

Date: 28 April, 2011
City: Tokyo
Company: Fujitsu Limited, , , , , , , , , ,

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