29.07.2004 – 15:21

Fujitsu Limited

euro adhoc: Fujitsu Limited
Quarterly or Semiannual Financial Statements
First-Quarter Consolidated Statements of Operations (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

3. First-Quarter Consolidated Statements of Operations            
   (Unaudited)
   (Three months ended June 30)

Yen
                          (millions)

2004          2003   Change 
                                              (%)

Net sales       Y 1,008,148    Y 938,738     +7.4

Operating costs                                  
and expenses:

Cost of goods       745,848      689,561     +8.2
sold

Selling,                                         
general and                                      
administrative      266,681      287,063     -7.1
expenses

1,012,529      976,624

Operating            (4,381)    (37,886)        -
income (loss)

Other income                                     
(expenses):

Net interest           (911)     (3,119)

Equity in                                        
earnings of                                      
affiliated            2,559        1,860         
companies, net

Amortization of                                  
unrecognized                                     
obligation                                       
for retirement       (9,863)    (14,446)         
benefits

Casualty loss              -     (4,700)

Gain on sales              -      26,974         
of marketable                                    
securities

Other, net           (3,207)     (1,536)

(11,422)       5,033        -

Income (loss)                                    
before income                                    
taxes                                            
and minority        (15,803)    (32,853)        -
interests

Income taxes         (5,630)       7,161        -

Minority             (1,668)         206        -
interests

Net income        Y (11,841)   Y(39,808)        -
(loss)

end of announcement        euro adhoc 29.07.2004

Further inquiry note:

Kentaro Sasaki
81 3 6252 2224

Branche: Hardware
ISIN: JP3818000006
WKN: 0354912
Index:
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