Independent Auditors’ Report We have examined the consolidated balance sheets of Fujitsu Limited and consolidated  subsidiaries (the “Group”) as of March 31, 1999 and 2000, and the related consolidated statements of operations, shareholders’ equity and cash flows for each of the three years  in the period ended March 31, 2000, all expressed in yen. Our examinations were made  in accordance with auditing standards, procedures and practices generally accepted and applied in Japan and, accordingly, included such tests of the accounting records and such  other auditing procedures as we considered necessary in the circumstances.  In our opinion, the accompanying consolidated financial statements, expressed in yen,  present fairly the consolidated financial position of the Group at March 31, 1999 and  2000, and the consolidated results of its operations and its cash flows for each of the  three years in the period ended March 31, 2000, in conformity with accounting principles  and practices generally accepted in Japan applied on a consistent basis. The U.S. dollar amounts in the accompanying consolidated financial statements with  respect to the year ended March 31, 2000 are presented solely for convenience. Our  examination 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.  Tokyo, Japan  June 29, 2000 45 CERTIFIED PUBLIC ACCOUNTANTS FUJITSU LIMITED  The Board of Directors