How did Fujitsu fare during the first half of this fiscal year?
(Six months ending September 30, 1996)

"Poor market trends persisted during the first half of this fiscal year. The Japanese economy could not fully recover from these conditions and the semiconductor market suffered as a result. Despite these economic obstacles, the demand for network systems and PCs increased. Orders amounted to \1,398.1 billion and sales reached \1,339.1 billion, both exceeding the values of the same period last year. Fujitsu was in balance in total, accruing \26.5 billion of ordinary profit and \19.4 billion of interim net income. An interim cash dividend of \5 per share was also paid out to shareholders."

"Networking is the key to success in the information and communications field.

In Japan, the demand for a comprehensive network infrastructure has grown as more and more users are going on-line. Using the Internet, and cellular and PHS phones has become quite popular in Japan. In response to this growing demand, Fujitsu has delivered many switching and transmission systems to communication carriers. As for cellular phones, we are expecting to triple last year's figures by delivering more than 2 million units this fiscal year. Internationally, Fujitsu maintained its top share of the optical transmission systems market in the US market, where multimedia networking is making advancements. Fujitsu also received many orders for large-scale network systems from Asian countries."