Fujitsu Limited today reiterated its basic stance regarding the lowering of minimum tradable share units* as follows:
1. Basic Stance Regarding the Lowering of Minimum Tradable Share Units
Recognizing that participation in the equity market by individual investors can help promote the vitality of the market as well as foster a stable base of long-term Fujitsu shareholders, we carry out an active investor relations program aimed at making accurate company information available on a regular and timely basis.
Although reducing the minimum number of shares that individuals could trade would help promote the participation of individual investors in capital markets and be one effective means of increasing stock liquidity, taking into consideration the current level of Fujitsu shares, the total number of shareholders and proportion of individual shareholders, as well as the liquidity of Fujitsu shares in the market, we believe it would be premature at present to do so.
2. Policy Regarding Lowering of Minimum Tradable Share Units
We will review our stance on this issue as appropriate, taking into consideration future trends regarding individual investors in the capital markets as well as changes in the price of our shares and other factors.
* Refers to current practice whereby Fujitsu's shares may only be traded in units of not less than 1,000 shares.
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5.1 trillion yen (US$43.2 billion) for the fiscal year ended March 31, 2007.
For more information, please see: www.fujitsu.com
Date: 26 April, 2007
Company: Fujitsu Limited, , , , ,
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