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January 28, 2010

Fujitsu Q3 sales up 8.8% to JPY1,146.7bn

Focuses on expanding business in markets outside Japan

By CBR Staff Writer

Fujitsu has reported net sales of JPY1,146.7bn for the third quarter of 2009, an increase of 8.8% compared to the same period last year.

Operating income for the quarter was JPY33.6bn, compared with a loss of JPY25.1bn in the same period last year.

The company posted a consolidated net income of JPY4.1bn for the third quarter of fiscal 2009, rebounding from a net loss in the previous year. The profitability has improved in every business segment, and the semiconductor device business posted a profit for the first time in seven quarters.

Technology Solutions segment net sales totaled JPY745.9bn, up 8.9% compared to the same period in fiscal 2008. Net sales in the services sub-segment were up 8.9% to JPY593.2bn, sales of outsourcing sales in Japan continued to be steady. Net sales in the ubiquitous product solutions segment were JPY218.9bn, an increase of 6.3% compared to the same period in fiscal 2008 while the Device Solutions segment net sales were remained almost unchanged at JPY141.1bn.

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Geographically, sales in Japan declined 2.5%. Mobile phone sales rose strongly, but sales of core system integration and solutions services declined due to corporate spending cutbacks.

Outside Japan, sales rose 33.6% when including the sales of Fujitsu Technology Solutions and increased 6% on an adjusted basis. This is due to recovering demand for electronic components, growing sales of optical transmission systems in North America, and other factors.

Michiyoshi Mazuka, president of Fujitsu, said: “I’m pleased to report that profitability continues to improve in all our business areas, and we’re on track to meet our earnings targets for fiscal 2009. We continue to transform the Fujitsu Group by focusing on the needs of our customer’s customers, expanding business in markets outside Japan, and protecting the environment through innovative technology solutions.”

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