Archived content
NOTE: this is an archived page and the content is likely to be out of date.
Notice Regarding Change in Specified Subsidiary
Fujitsu Limited
Tokyo, March 31, 2009
Fujitsu Limited announced today the liquidation of its specified subsidiary Fujitsu IT Holdings, Inc.
1. Reason for Liquidation
Fujitsu has developed its business in North America as part of its global business expansion. Due to rapid changes in the North American market and technology trends, Fujitsu has been reorganizing its business in the region.
As a part of this reorganization, Fujitsu IT Holdings became a dormant company as of April 1, 2004, and its subsidiaries became direct subsidiaries of Fujitsu Limited. Fujitsu Limited, as the sole shareholder, has subsequently resolved to dissolve and liquidate Fujitsu IT Holdings.
2. Company Outline
| (1) Name |
Fujitsu IT Holdings, Inc. |
| (2) Representative |
Tetsuo Urano, Chief Executive Officer |
| (3) Location |
1250 E. Arques Avenue, Sunnyvale, California |
| (4) Date of Establishment |
October 19, 1970 |
| (5) Business Activities |
Dormant company |
| (6) Fiscal Year |
April 1 to March 31 |
| (7) Capital |
US$ 965,911 thousand |
| (8) Number of Shares |
19,318,238,075 shares |
| (9) Ownership of Shares |
100% Fujitsu Limited |
| (10) Financials for the most recent fiscal years ending March 31 (million yen) |
|
| 2006 |
2007 |
2008 |
| Net Sales |
- |
- |
- |
| Gross Profit |
- |
- |
- |
| Operating Income |
8 |
- |
- |
| Ordinary Income |
483 |
1,153 |
-4 |
| Net Income |
478 |
1,151 |
-3 |
| Total Assets |
240 |
638 |
87 |
| Net Assets |
-1,229 |
-69 |
-63 |
| Dividend (per share) |
- |
- |
- |
3. Schedule
March 31, 2009 Completion of liquidation
4. Impact on Results
The liquidation of the company will only have a minor impact on the consolidated financial results for the period ending March 31, 2009.
About Fujitsu
Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 160,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5.3 trillion yen (US$53 billion) for the fiscal year ended March 31, 2008. For more information, please see: www.fujitsu.com.
Press Contacts
Public and Investor Relations Division
Inquiries
Company:Fujitsu Limited
Company and product names referenced herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of issue and is subject to change without advance notice.
Date: 31 March, 2009
City: Tokyo
Company:
Fujitsu Limited,
,
,
,
,
