2003年3月期 PDF

ANNUAL REPORT 2003
2003
Energy & Electric Systems
Group
ED&C•Drive Systems Group
Electronics Group
3
Retail Support Equipment
& Systems Group
Others
1
2
4
8
12
14
20
26
32
38
40
44
46
47
47
48
54
56
57
58
59
75
76
78
80
81
Financial Highlights
2003.3
2002.3
2003.3
3 31
.......................
¥832,414
12,909
8,984
7,074
3,911
.................................
.................................
161,188
921,121
.................................
...............................
...............................
..................
¥ 839,135
7,489
5,791
231
(3,217)
$6,936,790
107,580
74,872
58,957
32,592
248,049
1,104,871
1,343,237
7,676,015
:
1
¥
......................
5.28
(4.50)
$
0.044
8,324
8,391
8,910
8,518
8,520
250
300
10,000
8,000
¥
200
129
6,000
100
74
41
4,000
–100
1999.3 2000.3 2001.3 2002.3 2003.3
1999.3 2000.3 2001.3 2002.3 2003.3
200
39
97
100
–100
–32
–173
0
–74
0
–41
0
2,000
–200
1999.3 2000.3 2001.3 2002.3 2003.3
FUJI ELECTRIC CO., LTD. Annual Report 2003
1
A Message from the President
FUJI ELECTRIC CO., LTD. Annual Report 2003
3
Question 1
2003 3
3
Answer
4
FUJI ELECTRIC CO., LTD. Annual Report 2003
Interview With the President
Question 2
Answer
%
5.0
5
4
3
2
1.5
2.0
2003.3
2004.3
1
0
2006.3
3,000
3,000
4,100
4,000
4,388
5,000
2,000
1,000
0
2003.3
2004.3
2006.3
FUJI ELECTRIC CO., LTD. Annual Report 2003
5
Question 3
10 1
Answer
Question 4
ROI FEP
Answer
6
FUJI ELECTRIC CO., LTD. Annual Report 2003
Interview With the President
Question 5
Answer
FUJI ELECTRIC CO., LTD. Annual Report 2003
7
1
2
3
8
FUJI ELECTRIC CO., LTD. Annual Report 2003
Pure Holding Company
2003 10 1
FUJI ELECTRIC CO., LTD. Annual Report 2003
9
1
2
10
FUJI ELECTRIC CO., LTD. Annual Report 2003
Pure Holding Company
2003 10 1
2003 4 1
FUJI ELECTRIC CO., LTD. Annual Report 2003
11
12
FUJI ELECTRIC CO., LTD. Annual Report 2003
At a Glance
FUJI ELECTRIC CO., LTD. Annual Report 2003
13
Energy & Electric Systems
Group
ED&C•Drive Systems Group
Electronics Group
Review of Operations
2002
14
2003 3
FUJI ELECTRIC CO., LTD. Annual Report 2003
Retail Support Equipment
& Systems Group
Others
Energy & Electric
Systems Group
EMS ESCO
FUJI ELECTRIC CO., LTD. Annual Report 2003
15
Review of Operations
2002
1
2003 3
1
2,500kVA
16
FUJI ELECTRIC CO., LTD. Annual Report 2003
Energy & Electric Systems
Group
ED&C•Drive Systems Group
Electronics Group
2
Retail Support Equipment
& Systems Group
Others
4
3
2
4
3
FUJI ELECTRIC CO., LTD. Annual Report 2003
17
Review of Operations
2003
2004 3
NO.1
18
FUJI ELECTRIC CO., LTD. Annual Report 2003
Energy & Electric Systems
Group
ED&C•Drive Systems Group
Retail Support Equipment
& Systems Group
Electronics Group
%
45.7
50
80
40
60
30
40
4
3,833
4,135
75
42.7
3
2
1.8
20
2,000
1.6
20
32
42.7
4,135
3,623
3,000
3,816
4,000 38.9
41.4
%
61
5,000
Others
1
0.8
10
1,000
0.0
0
–20
1999.3 2000.3 2001.3 2002.3 2003.3
–9
0
0
0
–1
–0.3
–1
1999.3 2000.3 2001.3 2002.3 2003.3
150
100
120
12,500
10,190
2001.3
9,522
60
5,000
30
2,500
0
1999.3 2000.3 2001.3 2002.3 2003.3
2000.3
2002.3
2003.3
90
103
98
116
7,500
10,536
0
10,000
9,930
56
68
64
64
76
84
42
25
63
50
90
60
75
102
149
125
0
1999.3 2000.3 2001.3 2002.3 2003.3
2002
FUJI ELECTRIC CO., LTD. Annual Report 2003
19
Energy & Electric Systems
Group
ED&C•Drive Systems Group
Electronics Group
Retail Support Equipment
& Systems Group
Others
Review of Operations
HMI
2002
20
2003 3
FUJI ELECTRIC CO., LTD. Annual Report 2003
ED&C•Drive
Systems Group
FUJI ELECTRIC CO., LTD. Annual Report 2003
21
Review of Operations
2002
2003 3
QCM Quality Chain Management
22
FUJI ELECTRIC CO., LTD. Annual Report 2003
Energy & Electric Systems
Group
1
ED&C•Drive Systems Group
Electronics Group
1
Retail Support Equipment
& Systems Group
Others
3
2
3
2
2003
2004 3
1
FUJI ELECTRIC CO., LTD. Annual Report 2003
23
Review of Operations
2
3
24
FUJI ELECTRIC CO., LTD. Annual Report 2003
Energy & Electric Systems
Group
ED&C•Drive Systems Group
Retail Support Equipment
& Systems Group
Electronics Group
%
%
24
60
17.8 18
30
11
2
0.7
0
500
6
–24
–1.6
–30
0
–33
12
–61
17.6
1,599
2.7
1,591
16.9
1,560
1,593
1,000
17.1
1,965
20.3
1,500
4
53
2,000
Others
–2
–2.1
28
29
35
4,800
2000.3
2001.3
5,435
44
47
28
55
46
52
49
31
63
61
30
49
45
6,000
40
52
60
–4
1999.3 2000.3 2001.3 2002.3 2003.3
5,263
75
–3.8
–60
6,019
0
1999.3 2000.3 2001.3 2002.3 2003.3
6,033
0
2002.3
2003.3
3,600
20
30
2,400
10
15
0
1,200
0
1999.3 2000.3 2001.3 2002.3 2003.3
0
1999.3 2000.3 2001.3 2002.3 2003.3
2002
FUJI ELECTRIC CO., LTD. Annual Report 2003
25
Energy & Electric Systems
Group
ED&C•Drive Systems Group
Electronics Group
Review of Operations
2002
26
2003 3
FUJI ELECTRIC CO., LTD. Annual Report 2003
Retail Support Equipment
& Systems Group
Others
Electronics
Group
IGBT U
FUJI ELECTRIC CO., LTD. Annual Report 2003
27
Review of Operations
2002
2003 3
IC
1
2
1
28
2
IC
FUJI ELECTRIC CO., LTD. Annual Report 2003
Energy & Electric Systems
Group
3
ED&C•Drive Systems Group
Electronics Group
3
Retail Support Equipment
& Systems Group
Others
5
4
5
4
2003
2004 3
FUJI ELECTRIC CO., LTD. Annual Report 2003
29
Review of Operations
IC
80GB
30
FUJI ELECTRIC CO., LTD. Annual Report 2003
ED&C•Drive Systems Group
Retail Support Equipment
& Systems Group
Electronics Group
%
80
5.8
4.3
40
9
4
3.5
0
0
0
–40
5,000
77
75
79
70
69
178
60
123
140
135
134
148
162
105
120
80
–8
1999.3 2000.3 2001.3 2002.3 2003.3
80
191
174
160
–6.5
–80
1999.3 2000.3 2001.3 2002.3 2003.3
200
–4
–4.0
3,000
0
2003.3
2,000
1,000
0
1999.3 2000.3 2001.3 2002.3 2003.3
2002.3
40
20
40
4,000
4,152
3
4,190
300
–75
6
–50
0
600
4,676
12
8
72
15
45
13.9
59
14.2
1,245
900
1,165
1,200
1,277
12.6
1,379
14.2
13.7
1,284
1,500
Others
%
4,912
Energy & Electric Systems
Group
0
1999.3 2000.3 2001.3 2002.3 2003.3
2000.3
2001.3
2002
FUJI ELECTRIC CO., LTD. Annual Report 2003
31
Energy & Electric Systems
Group
ED&C•Drive Systems Group
Electronics Group
Review of Operations
2002
32
2003 3
FUJI ELECTRIC CO., LTD. Annual Report 2003
Retail Support Equipment
& Systems Group
Others
IC
Retail Support
Equipment & Systems
Group
Edy
Edy
IC
FUJI ELECTRIC CO., LTD. Annual Report 2003
33
Review of Operations
2002
2003 3
1
2
1
1
34
FUJI ELECTRIC CO., LTD. Annual Report 2003
Energy & Electric Systems
Group
ED&C•Drive Systems Group
2
Electronics Group
Retail Support Equipment
& Systems Group
Others
2
3
3
IC
FUJI ELECTRIC CO., LTD. Annual Report 2003
35
Review of Operations
2003
36
2004 3
FUJI ELECTRIC CO., LTD. Annual Report 2003
ED&C•Drive Systems Group
Retail Support Equipment
& Systems Group
Electronics Group
%
14.3
5
75
12
45
4
62
60
61
16
4.5
4.1
3
2.6
15
0
0
1
0
1999.3 2000.3 2001.3 2002.3 2003.3
55
32
36
29
2,100
12
1,400
6
700
2000.3
2001.3
12
22
15
34
30
3,219
26
30
26
2,800
18
45
45
27
24
62
60
3,500
28
72
30
2,628
1999.3 2000.3 2001.3 2002.3 2003.3
75
1.7
2,781
0
4
2
1.9
25
300
30
25
8
600
37
14.8
1,544
900
15.2
17.2
1,295
16.0
1,402
1,430
1,493
1,200
%
20
1,500
Others
2,802
Energy & Electric Systems
Group
0
0
1999.3 2000.3 2001.3 2002.3 2003.3
0
1999.3 2000.3 2001.3 2002.3 2003.3
2002.3
2003.3
2002
FUJI ELECTRIC CO., LTD. Annual Report 2003
37
Review of Operations
2002
2003 3
340
803
%
15
13.9
12
784
8.0
600
8.2
8.4
9
761
900
752
1,280
1,200
1,338
1,500 14.3
6
3
300
0
0
1999.3 2000.3 2001.3 2002.3 2003.3
%
5
24
25
4
19
20
20
20
15
3
3.1
2.7
2
10
1.5
0.7
1
5
5
1.6
0
0
1999.3 2000.3 2001.3 2002.3 2003.3
38
FUJI ELECTRIC CO., LTD. Annual Report 2003
169
658
ED&C•Drive Systems Group
Retail Support Equipment
& Systems Group
Others
150
129
100
100
80
57
60
15
15
0
11
14
20
14
15
30
40
1999.3 2000.3 2001.3 2002.3 2003.3
3,500
1,400
2,067
2,100
2,116
2,800
2,152
23
17
101
Electronics Group
3,022
Energy & Electric Systems
Group
2001.3
2002.3
2003.3
700
0
2000.3
FUJI ELECTRIC CO., LTD. Annual Report 2003
39
Research and Development
270
282
200
3.0
347
300
100
0
1999.3 2000.3 2001.3 2002.3 2003.3
40
FUJI ELECTRIC CO., LTD. Annual Report 2003
3
3,000
2
2,000
1
1,000
0
0
4,680
4,000
4,550
4
3.2
4,418
3.3
267
3.3
5,000
4,559
4.1
280
400
5
4,455
%
500
1999.3 2000.3 2001.3 2002.3 2003.3
1
1
FUJI ELECTRIC CO., LTD. Annual Report 2003
41
2
3
2
42
FUJI ELECTRIC CO., LTD. Annual Report 2003
3
Research and Development
EL
EL
EL
EL
EL
FUJI ELECTRIC CO., LTD. Annual Report 2003
43
Environmental Activities
CO2
t-CO2/
t-CO2/
%
15
1998.3 2000.3 2001.3 2002.3 2003.3
2.3
1.8
635
466
1,083
2.8
846
5
6,754
0 0
0
FUJI ELECTRIC CO., LTD. Annual Report 2003
10
10 10,000
3.7
44
25,737
20 20,000
28,155
29,893
127,733
50,000
18.6
29,044
30 30,000
26.6
20
36,251
29.3
140,707
29.1
145,367
163,788
31.1
142,016
30.5
150,000
100,000
t/
40 40,000
200,000
1991.3 2000.3 2001.3 2002.3 2003.3
0
2002
FUJI ELECTRIC CO., LTD. Annual Report 2003
45
2003
46
7
1
FUJI ELECTRIC CO., LTD. Annual Report 2003
Management
7
Seven-Year Summary
3 31
2003
........................
¥832,414
......................
666,604
80.1
152,901
18.3
12,909
1.6
%
..................
...........
% .................
................
% ...............
................
% ...............
...
% ..
...............
% .............
677,033
80.7
154,613
18.4
7,489
0.9
8,984
1.1
7,074
0.8
3,911
0.5
5,791
0.7
231
0.0
(3,217)
(0.4)
¥
¥
% .............
¥ 33,233
27,202
26,780
1.9
921,121
0.82
438,864
47.6
..................
25,822
..................
.........
....................
....................
% .............
........................
...............
....................
¥
2001
¥ 839,135 ¥891,086
5.28
5.00
94.7
.......
...............
%
2002
(4.50) ¥
5.00
—
709,481
79.6
156,598
17.6
25,007
2.8
22,522
2.5
21,319
2.4
9,711
1.1
1999
1998
27,103
1997
¥851,830 ¥852,060 ¥982,763 ¥945,382
692,132
81.3
155,555
18.2
4,143
0.5
(948)
(0.1)
(4,092)
(0.5)
(7,423)
(0.9)
$6,936,790
773,839
78.7
185,561
18.9
23,363
2.4
733,690
77.6
186,075
19.7
25,616
2.7
5,555,040
—
1,274,170
—
107,580
—
(6,044)
(0.7)
(11,665)
(1.4)
(17,388)
(2.0)
18,707
1.9
18,762
1.9
7,487
0.8
21,480
2.3
21,440
2.3
8,189
0.9
74,872
—
58,957
—
32,592
—
10.47 ¥
8.00
76.4
11.45
8.00
69.8
¥ 35,851 ¥ 48,319 ¥ 54,446 ¥ 58,703
34,393
33,993
31,808
28,467
28,252
34,776
36,003
35,951
(4.8)
(10.4)
4.2
4.6
937,233
994,761
981,332
936,552
0.88
0.86
1.02
1.04
447,697
461,957
390,807
303,339
47.8
46.4
39.8
32.4
27,641
2003
692,309
81.3
163,878
19.2
(4,127)
(0.5)
13.58 ¥ (10.38) ¥ (24.31) ¥
6.00
0.00
0.00
44.2
—
—
35,104 ¥ 34,231
28,470
31,090
28,064
27,017
(1.6)
6.2
1,104,871
964,211
0.81
0.94
460,121
443,538
41.6
46.0
24,505
2000
28,173
25,939
$
0.044
0.042
—
$ 276,944
226,691
223,167
—
7,676,015
—
3,657,216
—
26,389
FUJI ELECTRIC CO., LTD. Annual Report 2003
—
47
2003 3
0.8%
832,414
8,324
8,391
383,382
8,910
8,000
7.3%
8,518
10,000
8,520
2002
6,000
0.5%
4,000
159,947
2,000
3.0%
124,575
0
1999.3 2000.3 2001.3 2002.3 2003.3
19.2%
154,435
1.2%
76,140
7.9%
119,143
1.1%
14.3%
7.3%
48
FUJI ELECTRIC CO., LTD. Annual Report 2003
383,382
Financial Review
AE
10
0.5%
159,947
SC-E
IT
FRENIC-Mini
UG30
3.0%
IC
124,575
IC
11
8
PC
OPC
FUJI ELECTRIC CO., LTD. Annual Report 2003
49
19.2%
154,435
IC
1
4
1.2%
1.5%
76,140
666,604
80.1%
152,901
3
2.8
18.3%
250
1.1%
%
300
200
2
0.5
0
–41
0
1
74
12,909
0.9
100
41
72.4%
129
1.6
–0.5
–1
–100
1999.3 2000.3 2001.3 2002.3 2003.3
3,415
4,555
180
1,195
60.4%
50
FUJI ELECTRIC CO., LTD. Annual Report 2003
7,217
Financial Review
%
3.0
200
3.8%
2,597
1.5
100
3,925
–0.9
–100
0.5
0
–0.4
–32
–173
–74
0
2,226
39
2,087
97
303.5%
1.1
–1.5
–2.0
–3.0
–200
1999.3 2000.3 2001.3 2002.3 2003.3
54,625
56,535
2,962.3%
92
7,074
3,071
3,911
5.3%
33,233
0.2%
351
332
272
200
284
5,516
342
310
17,804
300
358
343
4,484
400
339
4,271
483
500
4.0%
1,158
100
IC
IC
0
1999.3 2000.3 2001.3 2002.3 2003.3
8
6
IC
IGBT MOSFET
27,202
1.
2.
FUJI ELECTRIC CO., LTD. Annual Report 2003
51
4.6%
26,780
0.1%
%
400
320
2,637
3.0
3.2
3.0
267
240
3.3
280
7,796
3.3
282
2,806
4.0
4.1
347
9,030
270
3.2%
5.0
160
2.0
80
1.0
4,511
0
0
1999.3 2000.3 2001.3 2002.3 2003.3
IC
MOS AC/AC
CMOS
1,200V
IGBT
150
1
40
2003 3
921,121
183,750
%
25
12,000
473,222
6,000
14,544
130,447
153,457
2003 3
745,478
79,296
65,696
2,907
21,257
41.6%
52
FUJI ELECTRIC CO., LTD. Annual Report 2003
47.6% 6.0%
9,211
17
13
1,617
1999.3 2000.3 2001.3 2002.3 2003.3
190,221
257,678
17.5
16.8
2,480
0
1,539
1,574
15.8
3,000
16.4
21
1,611
11,048
9,642
26,709
9,372
9,000
9,947
22.5
38,759
24,164
9
Financial Review
14,455
17,593
%
5,000
3,000
46.4
48
47.6
46
46.0
4,388
47.8
4,435
4,000
4,601
50
4,476
3
4,619
2003
2,000
2003 3
161,188
1,000
44
42
86,861
41.6
0
8,297
40
1999.3 2000.3 2001.3 2002.3 2003.3
88,571
6,675
5.0%
17.5%
2003 3
+
24,122
23,689
23,071
60.5%
15,038
38,576
9,730
14,454
33,419
17,074
47,832
9,653
FUJI ELECTRIC CO., LTD. Annual Report 2003
53
3
2003
2 .......................................
2, 4, 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.......................................................
.....................................................
2, 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2, 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................................
..................................................
¥ 15,038
1,087
250,447
(1,834)
152,427
16,396
39,661
2002
¥
38,109
2,386
277,156
(1,735)
145,453
11,572
39,040
2001
¥ 51,760
1,901
322,873
(2,279)
159,270
9,453
29,048
2003
$
125,321
9,060
2,087,062
(15,286)
1,270,227
136,641
330,497
473,222
511,981
572,026
3,943,522
39,971
193,055
279,158
2,533
35,703
193,287
300,497
8,631
36,432
192,310
299,541
3,728
333,094
1,608,794
2,326,320
21,110
514,717
(324,496)
538,118
(333,353)
532,011
(319,054)
4,289,318
(2,704,140)
190,221
204,765
212,957
1,585,178
26,952
143,775
3,410
7,924
76,908
(1,291)
17,534
315,424
2,689
6,685
46,767
(974)
12,023
133,923
2,013
6,142
26,059
(932)
224,601
1,198,129
28,423
66,041
640,883
(10,762)
257,678
388,125
179,228
2,147,315
¥ 921,121
¥1,104,871
¥ 964,211
$ 7,676,015
2, 6
...........................................................
..................................................
.......................................
.....................................................
..................................................
..............................................
2, 4, 6
...................................
.......................................................
.....................................................
2, 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.....................................
.....................................................
......................................
54
FUJI ELECTRIC CO., LTD. Annual Report 2003
Consolidated Balance Sheets
3
2003
2002
2001
2003
7 ..............................
........................................................
..........................................................
2, 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2, 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.................................................
¥252,140
52,092
168,629
51,177
3,137
—
61,384
¥ 276,304
52,661
170,837
51,587
1,950
2
60,290
¥254,697
56,495
190,773
51,971
10,003
3
64,873
$2,101,169
434,106
1,405,249
426,483
26,145
—
511,505
...................................................
7
...............................................
588,559
613,631
628,815
4,904,657
.........................................
2, 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2, 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
...................................................
134,632
6,155
7,158
8,974
131,156
4,906
72,855
2,226
132,346
5,544
159
1,878
1,121,941
51,296
59,657
74,765
......................................................
745,478
824,774
768,742
6,212,316
......................................................
14,455
32,048
33,762
120,462
47,586
—
—
46,694
69,275
6,922
(2,602)
—
47,586
—
38,397
68,189
95,493
(1,604)
—
—
47,586
38,397
77,616
156
(2,048)
396,551
—
—
389,121
577,296
57,691
(21,696)
7
15
9, 19
1,600,000,000
2003 3 31
—746,484,957 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2002 3 31
—715,080,369 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2001 3 31
—715,080,369 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
......................................................
......................................................
............................
.................................................
167,875
2003 3 31
2002 3 31
—30,914,918 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................
—43,678
2001 3 31
—2,631
(6,687)
—
248,061
—
(12)
161,707
—
—
1,398,963
(55,726)
—
..................................
—
—
......................................................
161,188
248,049
161,707
(0)
1,343,237
—
¥921,121
¥1,104,871
¥964,211
$7,676,015
FUJI ELECTRIC CO., LTD. Annual Report 2003
55
Consolidated Statements of Operations
3
3 31
2003
2002
2001
2003
2 ........................................................
10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥832,414
666,604
¥839,135
677,033
¥891,086
709,481
$6,936,790
5,555,040
.......................................................
10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
165,810
152,901
162,102
154,613
181,605
156,598
1,381,750
1,274,170
.........................................................
12,909
7,489
25,007
107,580
2,009
(4,173)
(1,761)
3,493
(5,007)
(184)
4,347
(5,887)
(945)
16,744
(34,780)
(14,672)
(3,925)
(1,698)
(2,485)
(32,708)
8,984
(1,910)
5,791
(5,560)
22,522
(1,203)
74,872
(15,915)
7,074
3,071
231
4,440
21,319
10,708
58,957
25,597
4,003
(92)
(4,209)
992
10,611
(900)
33,360
(768)
..................................................
...........................................................
..................................................
.........................................................
11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
............................................
2, 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.................................
................................................
..................................................
¥
3,911
¥ (3,217)
¥
9,711
$
32,592
3
3 31
2003
2 .....................................
56
FUJI ELECTRIC CO., LTD. Annual Report 2003
¥
5.28
2002
¥
(4.50)
2001
¥
13.58
2003
$
0.044
Consolidated Statements of Shareholders’ Equity
8
............................
2000 3 31
....................................
.....
..................................
...
.......................
.........................
715,080
—
—
—
—
—
—
¥47,586
—
—
—
—
—
—
¥38,397
—
—
—
—
—
—
¥67,962
9,711
8
(65)
—
—
—
¥
............................
2001 3 31
....................................
.....
........................................
..................................
...
.......................
.........................
715,080
—
—
—
—
—
—
—
¥47,586
—
—
—
—
—
—
—
¥38,397
—
—
—
—
—
—
—
¥77,616
(3,217)
25
(6,078)
(157)
—
—
—
............................
2002 3 31
....................................
................
.....................
.....................
........................................
..................................
...
.......................
.........................
715,080
—
31,404
—
—
—
—
—
—
—
¥47,586
—
—
—
—
—
—
—
—
—
¥38,397
—
8,297
—
—
—
—
—
—
—
2003 3 31
746,484
¥47,586
¥46,694
............................
—
—
—
—
156
—
—
¥
—
—
—
—
—
(2,048)
—
¥
(0)
—
—
—
—
—
(0)
¥
156
—
—
—
—
95,337
—
—
¥(2,048)
—
—
—
—
—
444
—
¥
(0)
—
—
—
—
—
—
(12)
¥68,189
3,911
—
866
2
(3,564)
(125)
—
—
—
¥95,493
—
—
—
—
—
—
(88,571)
—
—
¥(1,604)
—
—
—
—
—
—
—
(998)
—
¥
(12)
—
—
—
—
—
—
—
—
(6,675)
¥69,275
¥ 6,922
¥(2,602)
¥(6,687)
3
.....................................
2002 3 31
.............................................
.........................
..............................
..............................
.................................................
...........................................
............
................................
..................................
$ 396,551
—
—
—
—
—
—
—
—
—
$ 319,981 $568,246 $ 795,782 $(13,371) $ (105)
—
32,592
—
—
—
69,140
—
—
—
—
—
7,221
—
—
—
—
(17)
—
—
—
—
(29,701)
—
—
—
—
(1,045)
—
—
—
—
—
(738,091)
—
—
—
—
—
(8,325)
—
—
—
—
—
(55,621)
2003 3 31
$396,551
$389,121
.....................................
$577,296
$ 57,691
$(21,696) $(55,726)
FUJI ELECTRIC CO., LTD. Annual Report 2003
57
Consolidated Statements of Cash Flows
3
3 31
2003
.........................................
...................................
..........................................
..................................................
...........................................................
.......................................................
..................................................
..........................................
......................................................
..................................................
.........................................
.............................
..................................................
....................................................
¥ 7,074
27,202
323
(2,009)
4,173
25
(21,004)
(12,687)
(1,064)
(805)
23,861
—
11,996
3,959
.........................................................
.........................................................
.........................................................
...........................................................
.............................................................
...........................................................
..............................................
.......................................................
....................................................
..................................
............................................
............................................
.........................................
.........................................
.........................................
........................
.........................................
.....................................................
..............................................
.............................................................
..................................
.........................................
................................................
.................................
................................................
............................................
.....................................................
..........................................
.............................................................
..................................
.....................................
.....................................
..........................................
..........................
............................
..........................................
58
FUJI ELECTRIC CO., LTD. Annual Report 2003
2002
¥
2001
2003
231
29,826
(507)
(3,493)
5,007
(180)
(22,088)
—
(7,833)
(15,521)
17,909
—
5,368
3,921
¥ 21,319
32,608
602
(4,347)
5,887
(152)
(107,983)
—
(2,497)
(9,885)
—
103,014
10,442
2,914
$ 58,957
226,691
2,695
(16,744)
34,780
208
(175,033)
(105,729)
(8,867)
(6,709)
198,843
—
99,972
32,993
40,472
1,932
(10,311)
(422)
(28,439)
44,276
1,982
(4,244)
(3,438)
38,576
47,986
12,257
(24,028)
(468)
(25,465)
22,922
3,598
(5,274)
(11,516)
9,730
(32,821)
(10,932)
15,890
1,161
11,214
36,434
4,289
(5,947)
(4,557)
30,219
337,272
16,104
(85,927)
(3,521)
(237,017)
368,968
16,529
(35,370)
(28,654)
321,473
—
6,748
(17,074)
6,181
(9,414)
(2,497)
3,361
(11,155)
12,112
(2,716)
(14,454)
(1,749)
1,843
(23,961)
8,910
(63,526)
–
49,514
(26,718)
24,360
(2,092)
(33,419)
(247)
3,307
(23,637)
2,787
(20,044)
–
16,836
(13,866)
15,042
(1,691)
(21,513)
—
56,240
(142,286)
51,510
(78,453)
(20,815)
28,013
(92,966)
100,935
(22,629)
(120,451)
(40,884)
15,100
(52,098)
41,000
(6,674)
(3,564)
(470)
(242)
(47,832)
(213)
(23,923)
38,109
852
—
¥ 15,038
22,470
7,550
(53,595)
40,000
(12)
(6,078)
(470)
(212)
9,653
355
(13,681)
51,760
—
30
¥ 38,109
12,396
10,703
(29,646)
—
(1)
—
(424)
—
(6,972)
586
2,320
49,440
—
—
¥ 51,760
(340,708)
125,833
(434,152)
341,667
(55,621)
(29,701)
(3,919)
(2,001)
(398,602)
(1,779)
(199,359)
317,576
7,104
—
$ 125,321
Notes to the Consolidated Financial Statements
1
2
a.
2003 3
58
2002 3
60
2001 3
63
12
5
6,667
(55,559
b.
3
c.
d.
2001 3
i
ii
2002 3
e.
1998 4 1
7 50
5 13
FUJI ELECTRIC CO., LTD. Annual Report 2003
59
f.
g.
10
7,897
2002 3
h.
i.
j.
k.
l.
m.
n.
a
b
c
60
FUJI ELECTRIC CO., LTD. Annual Report 2003
65,812
21,004
175,033
Notes to the Consolidated Financial Statements
o.
p.
1
3
2002 4 1
2003
2003 3
q.
2003 3
r.
1
1
4
2
2002 4 1
2003 3
2003 3
3
2003
1
3
31
120
4
2003
......................................................................
......................................................................
....................................................................
¥117,064
257
363
¥128,426
257
344
¥11,362
0
—
¥ —
—
(19)
¥117,684
¥129,027
¥11,362
¥(19)
2002
......................................................................
......................................................................
....................................................................
¥136,993
1,969
1,418
¥301,796
1,971
1,413
¥164,803
2
—
¥—
—
(5)
¥140,380
¥305,180
¥164,805
¥(5)
FUJI ELECTRIC CO., LTD. Annual Report 2003
61
2001
........................................................................
........................................................................
......................................................................
¥4,479
3,132
1,122
¥4,741
3,202
1,117
¥261
70
—
¥—
—
(5)
¥8,733
¥9,060
¥332
¥(5)
3
2003
......................................................................
......................................................................
....................................................................
$975,538
2,146
3,021
$1,070,217
2,146
2,861
$94,679
0
—
$
—
—
(160)
$980,705
$1,075,224
$94,679
$(160)
3
2003
2002
2001
2003
...........................................................
¥ 5,050
¥ 5,000
¥ 5,000
$ 42,083
................................................................
.......................................................
................................................
...........................................................
4,620
5,500
—
—
4,364
3,000
—
—
4,590
—
5,105
200
38,506
45,833
—
—
....................................................................
¥15,170
¥12,364
¥14,895
$126,422
2002 3
1,554
1,397
156
3
......................................................................
......................................................................
......................................................................
MMF
62
FUJI ELECTRIC CO., LTD. Annual Report 2003
2003
2002
2001
2003
¥32,139
21,804
242
¥72,084
37,277
521
¥128,295
117,210
1,241
$267,830
181,701
2,024
Notes to the Consolidated Financial Statements
3
2003
1
1
5
10
2002
2001
2003
..........................................
.....................................
5
....................................
10
..........................................
¥250
8
1
—
¥ —
9
3
—
¥ 704
6,268
1
0
¥ —
9
4
—
¥1,220
6,320
1,066
0
¥130
—
20
—
$2,091
69
13
—
$
—
75
26
—
.........................................
¥259
¥12
¥6,973
¥13
¥8,606
¥150
$2,173
$101
2001 3 31
.......................................................................................
......................................................................................................
...........................................................................................
.........................................................................................
.........................................................................................
¥116,816
480,164
209,645
152,969
732
5
3
.....................................................................
...................................................................
...................................................................
2003
2002
2001
2003
¥ 79,767
56,374
16,286
¥ 73,178
58,179
14,096
¥ 78,728
64,653
15,889
$ 664,727
469,789
135,711
¥152,427
¥145,453
¥159,270
$1,270,227
6
3
2003
..................................................................
..............................................................
..............................................................
540
826
31,587
2002
434
1,677
29,772
2001
¥
¥
¥
330
565
21,815
¥32,953
¥31,883
¥22,710
2003
$
4,500
6,885
263,224
$274,609
FUJI ELECTRIC CO., LTD. Annual Report 2003
63
7
3
2003
2002
2001
2003
¥146,640
105,500
¥170,304
106,000
¥193,697
61,000
$1,222,002
879,167
¥252,140
¥276,304
¥254,697
$2,101,169
2003
2002
2001
2003
.......................................
¥ 65,724
¥ 63,817
¥ 68,841
$ 547,714
..............................................
...............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
—
—
—
—
20,000
100
20,000
20,000
20,000
8,000
12,000
7,000
13,000
500
400
—
—
20,000
20,000
20,000
—
20,000
20,000
20,000
—
—
—
—
—
—
20,000
20,000
20,000
20,000
20,000
—
20,000
—
—
—
—
—
—
—
—
—
—
—
—
166,667
833
166,667
166,667
166,667
66,667
100,000
58,333
108,333
4,166
3,333
.................................................
186,724
52,092
183,817
52,661
188,841
56,495
1,556,047
434,106
¥134,632
¥131,156
¥132,346
$1,121,941
.......................................................
..................................................
2003 2002
2001 3 31
0.32% 0.40%
0.63%
3
2001
2002
2002
2003
2003
2004
2004
2006
2006
2007
2007
2007
2007
2008
2008
2003 2002
2.95%
2.0%
2.05%
2.15%
2.25%
0.48%
2.35%
1.02%
1.06%
1.07%
1.11%
1.12%
1.15%
0.89%
0.48%
2001 3 31
1.91% 2.11%
3.00%
3
2004
2005
2006
2007
2008
64
....................................................................................
....................................................................................
....................................................................................
....................................................................................
................................................................................
FUJI ELECTRIC CO., LTD. Annual Report 2003
¥ 52,092
16,734
8,753
45,053
64,092
$ 434,106
139,455
72,942
375,447
534,097
¥186,724
$1,556,047
Notes to the Consolidated Financial Statements
8
2003
1 17
13
47-2
3
2003
............................................................
................................................................
.......................................................
.............................................
...................................................
.......................................................
(126,110)
12,407
161,263
(1,811)
(115,493)
19,771
124,200
(10,086)
45,749
18,392
51,904
23,298
(6,155) ¥
(4,906) ¥
............................................................
1.
2. 2000 3
2001
2003
¥(231,355) ¥(388,740) ¥(412,893) $(1,927,961)
105,245
273,247
286,103
877,049
.............................................
.....................................................
2002
¥
(126,790) (1,050,912)
25,839
103,394
96,030
1,343,864
(599)
(15,099)
(5,520)
381,247
24
432,543
(5,544) $
(51,296)
2003
2003
2002 3
3.
2003 3
3
............................................................................
...............................................................................
..................................................................
........................................................................
............................................................................
....................................................................
2003 3 31
114,880
¥ 178,124 $1,484,370
(118,797)
(989,980)
(5,822)
(48,518)
(42,359)
(352,996)
7,648
63,742
¥
18,794 $ 156,618
957,340
FUJI ELECTRIC CO., LTD. Annual Report 2003
65
2002 3
2002
........................................................................................
..............................................................................
....................................................................................
........................................................................................
................................................................................
¥ 4,039
(3,181)
(380)
—
¥
478
3
2003
.................................................................
.................................................................
.............................................................
.............................................
..............................................
..................................................
.............................................................
.......................................
.............................................
.......................................
.........................................
........................................................
.....................................................................
2003 3
6,021
50,182
2002
10
66
FUJI ELECTRIC CO., LTD. Annual Report 2003
2003
¥ 9,526
11,996
(6,860)
2,454
24,832
(1,459)
¥11,740 ¥ 11,470
13,140
12,600
(8,279)
(8,947)
2,675
105,886
17,709
—
(722)
(10)
$ 79,386
99,973
(57,173)
20,451
206,939
(12,166)
¥ 40,489
¥36,263
¥120,999
$ 337,410
1,655
—
—
—
—
—
—
—
—
—
¥37,918
¥120,999
$ 182,552
2001 3
1,253
—
64
(18,794)
292
(145)
¥ 21,906
2002 3
14,745
2003
...................................................................
...........................................................
2001
2.5%
4.0%
2002
3.5%
4.0%
—
537
(156,618)
2,434
(1,211)
2001
3.5%
4.0%
Notes to the Consolidated Financial Statements
9
2001 10 1
10%
25%
2001 10 1
25%
10
3
2003
2002
2001
¥26,780
¥28,064
¥27,017
2003
$223,167
11
3
.................................................
.............................................
.........................................
...................................................
.................................................
............................................................
...........................................
.................................................
........................................................
...................................................
.....................................................
.....................................................
...........................
............................................................
2003
2002
2001
¥ 21,004
18,794
12,687
1,064
805
271
¥ 22,088
—
—
7,833
15,521
—
¥ 107,983
—
—
2,497
9,885
—
(23,861)
(11,996)
(5,104)
(4,596)
(3,304)
—
—
(7,674)
¥ (1,910)
(17,909)
(5,368)
(13,461)
(2,056)
(2,540)
(2,803)
—
(6,865)
¥ (5,560) ¥
2003
$ 175,033
156,618
105,729
8,867
6,709
2,279
—
(10,442)
—
—
—
—
(103,014)
(8,112)
(198,843)
(99,972)
(42,538)
(38,306)
(27,539)
—
—
(63,952)
(1,203)
$ (15,915)
FUJI ELECTRIC CO., LTD. Annual Report 2003
67
12
3
...............................................
.......................................................
2003
2002
2001
2003
¥ 4,166
(1,095)
¥3,457
983
¥12,098
(1,390)
$34,720
(9,123)
¥ 3,071
¥4,440
¥10,708
$25,597
3
....................................................
......................................................
..........................................................
........................................................
....................................................
......................................................
...........................................
............................................................
.....................................................
......................................................
.....................................................
...........................................
.................................................
....................................................
............................................................
2003
2002
¥ 31,773
4,704
4,513
10,969
6,175
4,077
420
5,808
¥ 52,241
2,835
5,477
5,049
4,123
1,407
194
4,341
68,439
(1,113)
¥ 67,326
75,667
(3,175)
¥ 72,492
¥ (4,996) ¥ (69,557)
(44,668)
(54,696)
(426)
(2,695)
(74)
(143)
.....................................................
(50,164)
(127,091)
.............................................
¥(17,162)
¥ (54,599)
2001
¥
—
4,922
4,795
2,751
4,902
2,112
—
2,954
22,436
(3,563)
2003
$ 264,775
39,204
37,612
91,412
51,463
33,980
3,502
48,384
570,332
(9,280)
¥18,873
$ 561,052
¥
—
—
(2,877)
(563)
$ (41,637)
(372,239)
(3,555)
(596)
(3,440)
(418,027)
¥15,433
$ 143,025
2003 3
100
5
2002
68
2001
.................................................................................
.........................................................
...............................................................................
...............................................................................
.....................................................................................
42.1%
992.3
331.4
197.6
356.7
42.1%
9.2
—
—
(1.0)
.............................................................
1,920.1%
50.2%
FUJI ELECTRIC CO., LTD. Annual Report 2003
Notes to the Consolidated Financial Statements
2003
9
2003 3 31
2004 4 1
42.1%
123
53
445
176
1,029
40.5%
2003 3
1,473
13
a.
2002 4 1
3
2003
2003
.....................................................................................
.....................................................................................
.................................................................................
.....................................................................................
.....................................................................................
¥ 34,627
9,297
3,177
(37,343)
(388)
$ 288,565
77,479
26,471
(311,192)
(3,240)
...............................................................
.........................................................
9,370
(6,873)
78,083
(57,268)
¥ 2,497
............................................................
b. 2003 3
$ 20,815
AE
11,716
97,637
3
2003
2003
.....................................................................................
.....................................................................................
¥3,154
5,747
$26,285
47,891
.....................................................................................
¥8,901
$74,176
.....................................................................................
¥4,420
$36,834
.....................................................................................
¥4,420
$36,834
14
a.
2003 3
3
4,295
2001 3
b. 2003 3
2003 3
7,897
21,004
65,812
2002 3
175,033
2,944
2002 3
2001
22,088
107,983
8,297
69,140
FUJI ELECTRIC CO., LTD. Annual Report 2003
69
15
3
2003
2002
2001
¥ 658
16,861
¥ 990
19,618
¥ 1,941
17,942
2003
2002
2001
........................................................
...................................................
¥63,096
30,449
¥54,040
29,405
¥46,705
22,494
$525,800
253,734
........................................................
¥32,647
¥24,635
¥24,211
$272,066
2003
2002
2001
................................................................
................................................................
¥10,475
22,849
¥10,548
14,670
¥ 8,889
15,322
$ 87,294
190,413
..................................................................
¥33,324
¥25,218
¥24,211
$277,707
2003
2002
2001
¥11,625
11,055
613
¥12,012
11,334
674
¥9,137
9,137
—
.................................................
..............................................................
2003
$
5,489
140,509
16
3
2003
3
1
1
2003
3
..........................................................
.......................................................
........................................................
2003
$96,880
92,129
5,114
3
1
1
70
2003
2002
.............................................................................
.............................................................................
¥412
485
¥ 435
897
$3,441
4,034
...............................................................................
¥897
¥1,332
$7,475
FUJI ELECTRIC CO., LTD. Annual Report 2003
2003
Notes to the Consolidated Financial Statements
17
2003
2002
2001
:
.....................
.....................
.................
...............
.....................
¥1,291
910
47
—
—
¥1,274
951
51
—
—
:
.........................
47
48
.....................
—
—
.....................
¥
—
¥
¥ 17
(41)
(4)
—
—
¥4,361
922
—
—
—
¥4,629
956
—
—
—
1
—
—
—
—
—
—
—
0
0
0
—
—
—
—
¥(27)
$ 142
(342)
(34)
¥
—
¥
—
¥(268)
(34)
—
—
—
¥(302)
¥4,613
—
—
875
2
¥
—
¥5,096
—
—
862
2
¥
—
¥(482)
—
—
12
0
¥(470)
3
2003
:
....................
....................
................
$10,758
7,583
391
$10,616
7,925
425
:
........................
391
400
....................
$
—
$
—
9
$(225)
FUJI ELECTRIC CO., LTD. Annual Report 2003
71
18
1
2
3
4
5
2003
. . . ¥379,701
¥148,786
¥122,652
¥154,016
¥27,259
¥832,414
.........
3,681
11,161
1,923
419
48,881
66,065
(66,065)
—
..................
..................
383,382
383,562
159,947
158,752
124,575
117,358
154,435
151,838
76,140
74,053
898,479
885,563
(66,065)
(66,058)
832,414
819,505
2,597
¥ 2,087
¥ 12,916
¥
(7)
¥ 12,909
............ ¥
(180)
. . . . . . . . . . . . . . . . . . . . . . ¥358,409
¥
1,195
¥
7,217
¥
¥
—
¥832,414
¥139,922
¥140,269
¥111,732
¥73,577
¥823,909
¥ 97,212
¥921,121
... ¥
6,361
¥
4,928
¥ 12,485
¥
1,622
¥ 1,718
¥ 27,114
¥
88
¥ 27,202
................ ¥
2,987
¥
3,530
¥
¥
1,705
¥ 1,142
¥ 16,843
¥
20
¥ 16,863
¥
7,479
2002
. . . . . ¥408,994
¥147,354
¥125,557
¥129,200
¥28,030
¥839,135
.........
4,560
11,766
2,868
388
47,179
66,761
(66,761)
—
..................
..................
413,554
410,319
159,120
162,480
128,425
123,925
129,588
127,087
75,209
74,690
905,896
898,501
(66,761)
(66,855)
839,135
831,646
............ ¥
3,235
. . . . . . . . . . . . . . . . . . . . . . ¥369,110
72
4,500
¥
2,501
¥
519
¥
7,395
¥
— ¥ 839,135
¥ (3,360)
¥
94 ¥
7,489
¥133,559
¥142,499
¥101,278
¥75,274
¥821,720
¥283,151 ¥1,104,871
... ¥
7,043
¥
4,772
¥ 13,743
¥
2,420
¥ 1,754
¥ 29,732
¥
94 ¥
29,826
................ ¥
5,856
¥
4,971
¥ 11,005
¥
3,384
¥ 1,500
¥ 26,716
¥
19 ¥
26,735
FUJI ELECTRIC CO., LTD. Annual Report 2003
Notes to the Consolidated Financial Statements
2001
...
¥408,954
¥175,090
¥135,101
¥142,348
¥29,593
¥891,086
.........
4,599
21,429
2,841
690
48,808
78,367
(78,367)
—
..................
..................
413,553
406,044
196,519
191,180
137,942
132,003
143,038
139,262
78,401
75,972
969,453
944,461
(78,367)
(78,382)
891,086
866,079
3,776
¥ 2,429
¥ 24,992
¥
15
¥ 25,007
¥
..................
7,509
¥
5,339
¥
5,939
¥
¥
—
¥891,086
¥381,451
¥153,090
¥148,366
¥113,877
¥74,778
¥871,562
¥92,649
¥964,211
...
¥
7,307
¥
5,041
¥ 15,034
¥
3,375
¥ 1,753
¥ 32,510
¥
98
¥ 32,608
................
¥
6,604
¥
4,006
¥
¥
5,642
¥ 1,659
¥ 25,961
¥
41
¥ 26,002
—
$6,936,790
......................
8,050
3
2003
...
$3,164,180
$1,239,887
$1,022,104
$1,283,470
$227,149
$6,936,790
$
.........
30,673
93,010
16,022
3,494
407,336
550,535
(550,535)
—
..................
..................
3,194,853
3,196,357
1,332,897
1,322,938
1,038,126
977,980
1,286,964
1,265,320
634,485
617,096
7,487,325
7,379,691
(550,535)
(550,481)
6,936,790
6,829,210
21,644
$ 17,389
$ 107,634
$
$2,986,741
$1,166,016
$1,168,908
$ 931,100
$613,143
$6,865,908
$ 810,107
$7,676,015
...
$
53,010
$
41,072
$ 104,046
$
13,523
$ 14,305
$ 225,956
$
735
$ 226,691
................
$
24,896
$
29,418
$
$
14,216
$
$ 140,363
$
165
$ 140,528
............
......................
$
(1,504) $
9,959
$
60,146
62,327
$
9,506
(54) $ 107,580
2003 3 31
1.
.................................................
2.
.................................................
¥25,747
¥12,580
¥71,437
¥9,379
¥119,143
—
—
—
—
¥832,414
.......................
3.1%
1.5%
8.6%
1.1%
14.3%
1.
.................................................
¥16,096
¥11,977
¥73,471
¥8,896
¥110,440
2.
.................................................
—
—
—
—
¥839,135
1.9%
1.4%
8.8%
1.1%
13.2%
3.
%
2002 3 31
3.
%
.......................
FUJI ELECTRIC CO., LTD. Annual Report 2003
73
Notes to the Consolidated Financial Statements
2001 3 31
1.
.................................................
¥17,912
¥10,788
¥85,248
¥3,607
¥117,555
2.
.................................................
—
—
—
—
¥891,086
2.0%
1.2%
9.6%
0.4%
13.2%
3.
%
.......................
2003 3 31
3
1.
.................................................
$214,560
$104,841
$595,309
$78,149
$ 992,859
2.
.................................................
—
—
—
—
$6,936,790
3.1%
1.5%
8.6%
1.1%
14.3%
3.
%
.......................
90%
19
a.
2002 12 26
15
2003
5 29
b.
2003 6 16
10,000
1.14%
2010 6 16
83,333
0.83%
2008 6 16
100
10,000
83,333
100
c.
2003 3
2003 6 27
3
1
74
......................................................................
2.5
...............................................................................
FUJI ELECTRIC CO., LTD. Annual Report 2003
¥1,788
50
$14,907
416
Independent Auditors’ Report
Certified Public Accountants
Hibiya Kokusai Bldg.
2-2-3, Uchisaiwai-cho
Chiyoda-ku, Tokyo 100-0011
C.P.O. Box 1196, Tokyo 100-8641
The Board of Directors
Fuji Electric Co., Ltd.
Phone: 03 3503-1100
Fax:
03 3503-1197
We have audited the accompanying consolidated balance sheets of Fuji Electric Co., Ltd. and consolidated subsidiaries as of March 31, 2003, 2002 and 2001, and the
related consolidated statements of operations, shareholders’ equity, and cash flows for the years then ended, all expressed in yen. These financial statements are the
responsibility of the Company’s management. Our responsibility is to independently express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards, procedures and practices generally accepted and applied in Japan. Those standards, procedures and
practices require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Fuji Electric Co., Ltd. and consolidated subsidiaries at March 31, 2003, 2002 and 2001, and the consolidated results of their operations and their cash flows for the years then ended in conformity
with accounting principles and practices generally accepted in Japan.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March 31, 2003 are presented solely for convenience.
Our audit also included the translation of yen amounts into U.S. dollar amounts and, in our opinion, such translation has been made on the basis described in Note 3
to the consolidated financial statements.
June 27, 2003
See Note 1 to the consolidated financial statements which explains the basis of preparation of the consolidated financial statements of Fuji Electric Co., Ltd. and
consolidated subsidiaries under Japanese accounting principles and practices.
2003
2003
2003
2002
2002
2002
2001 3 31
2001 3 31
2001 3 31
2003
2002
2001 3 31
3
2003 6 27
1
FUJI ELECTRIC CO., LTD. Annual Report 2003
75
2003 7 1
OA
FFC
FFC
IC
IC
76
FUJI ELECTRIC CO., LTD. Annual Report 2003
Consolidated Subsidiaries
EIC
FUJI ELECTRIC CO., LTD. Annual Report 2003
77
16
800
12
600
4,000
8
400
2,000
4
200
0
0
1999.3 2000.3 2001.3 2002.3 2003.3
2002.3
8.1%
10.8%
14.6%
66.5%
2003.3
7.9%
10.5%
21.6%
60.0%
78
FUJI ELECTRIC CO., LTD. Annual Report 2003
852
734
8,324
13.2
1,191
8,910
8,391
14.3
1,104
8,518
8,520
13.2
1,347
0
14.5
1,232
6,000
15.8
1,175
8,000
714
1,000
957
20
986
%
10,000
1999.3 2000.3 2001.3 2002.3 2003.3
Global Activities
300
257
240
111
160
120
125
179
180
60
0
1999.3 2000.3 2001.3 2002.3 2003.3
USA
98
107
100
125
119
125
71
75
50
25
0
1999.3 2000.3 2001.3 2002.3 2003.3
200
163
160
36
64
40
88
80
93
120
0
1999.3 2000.3 2001.3 2002.3 2003.3
FUJI ELECTRIC CO., LTD. Annual Report 2003
79
2003 7 1
80
FUJI ELECTRIC CO., LTD. Annual Report 2003
Organization Chart
Corporate Data
2003 3 31
141-0032
11 2
400
300
24.15%
200
45.70%
9.11%
60,000
19.97%
1.07%
40,000
20,000
0
2002.4
2002.5
2002.6
2002.7
2002.8
2002.9 2002.10 2002.11 2002.12 2003.1
2003.2
2003.3
Tel:03-5435-7206 Fax:03-5435-7486
E-mail:[email protected]
2003
3
http://www.fujielectric.co.jp
ECOLOGY
FUJI ELECTRIC