Consolidated Five-Year Financial Summary FUJI HEAVY INDUSTRIES LTD. AND CONSOLIDATED SUBSIDIARIES Years ended March 31 Millions Millions Millions Millions Millions Thousands of of yen of yen of yen of yen of yen U.S. dollars 2003 2002 2001 2000 1999 2003 For the Year: Net sales ¥1,372,337 ¥1,362,493 ¥1,311,887 ¥1,330,125 ¥1,352,520 $11,417,113 Cost of sales 1,011,582 992,950 978,841 995,131 1,067,868 8,415,824 Gross profit 360,755 369,543 333,046 334,994 284,652 3,001,289 Selling, general and  administrative expenses 293,234 281,063 251,373 243,593 194,720 2,439,551 Operating income 67,521 88,480 81,673 91,401 89,932 561,738 Income before income taxes  and minority interest 46,970 56,136 21,291 64,839 68,423 390,765 Net income 33,484 30,283 22,628 31,348 33,706 278,569 At Year-End: Shareholders’ equity ¥ 411,252 ¥ 396,112 ¥ 357,455 ¥ 206,404 ¥ 200,220 $ 3,421,398 Total assets 1,344,072 1,269,558 1,168,501 1,038,558 981,256 11,181,963 Ratio of shareholders’ equity  to total assets (%) 30.6% 31.2% 30.6% 19.9% 20.4% Per Share  (in yen and U.S. dollars): Net income: Basic ¥ 44.84 ¥ 40.74 ¥ 30.44 ¥ 51.90 ¥ 56.18 $ 0.37 Diluted 42.91 38.83 29.06 48.53 51.79 0.36 Shareholders’ equity 553.90 532.88 480.86 338.75 332.41 4.61 Other Information: Depreciation and amortization ¥ 67,896 ¥ 63,964 ¥ 64,070 ¥ 60,190 ¥ 38,708 $ 564,859 Capital expenditures  (addition to fixed assets) 119,423 118,376 102,301 103,922 57,566 993,536 R&D expenses 60,110 54,903 46,622 40,123 38,512 500,083 Number of shares issued at year-end  (thousands of shares) 746,521 746,506 746,502 614,553 602,333 Number of shareholders* 35,584 33,094 32,996 49,381 55,044 Number of employees*:  Parent only 13,064 13,374 13,603 13,668 13,419 Consolidated 27,478 26,483 26,502 26,914 19,882 Note: U.S. dollar figures have been translated from yen, for convenience only, at the rate of ¥120.20 to US$1.00, the approximate rate of exchange at March 31, 2003. * As of March 31 20 FUJI HEAVY INDUSTRIES LTD.