I saw 120 mm and still no evidence of oil on the ruler (yes the forks were bottomed and vertical)! S/B 79 mm per the manual
OK, first...did you COMPLETELY compress the fork? It drops another 10mm slowly if you somwhat force the top rod downward. You need to do that for an accurate reading.
Second..do you have an 03 US model? If so...I bet you are using the Euro manual. Stock 03 US is 100mm. Stock 02 Euro model (equivalent to our 03) is 79mm. I (almost) made the same mistake. As I mentioned in the FJR tech article, you must use the correct manual.