33annual report 2005 management s discussion and analysis of operations the following section provides an overview consolidated financial statements fujitsu limited company its consoli dated subsidiaries together group for year ended march 31 fiscal 2004 forward looking in this are based on understanding best judg ment as 1 results business environment with regard to during over seas us china experienced a temporary slowdown growth result surging oil prices rising interest rates but both these countries well europe were able maintain economic factors tempering appear be eas ing japan there was shift from robust conditions that had prevailed digital consumer electronics sector until beginning period market electronic compo nents rapidly deteriorated leading flattening out overall despite pros pects mild recovery at trends it investment while prospects
