Archived content
NOTE: this is an archived page and the content is likely to be out of date.
Notice on Dissolution of Subsidiary
Fujitsu Limited
Tokyo, December 17, 2009
Fujitsu Limited announced that its Board of Directors decided at a meeting today to dissolve Yamagata Fujitsu Limited, a consolidated subsidiary.
1. Company Overview
Company name | Yamagata Fujitsu Limited |
Head office | 1-1, Kamikodanaka 4-chome Nakahara-ku, Kawasaki-shi Kanagawa, Japan
|
Representative | Toru Ishikawa, President |
Business description | Development and manufacture of magnetic disk drives |
Capital | 450 million yen |
Shareholder | Fujitsu Limited, 100% |
2. Reason for Dissolution
Earlier this year, the Fujitsu Group's hard disk drive business was transferred to Toshiba Corporation and Showa Denko KK. Since the completion of the transfers, Yamagata Fujitsu Limited has been a dormant company, and therefore the company will be dissolved and procedures taken for its liquidation.
3. Planned Schedule of Dissolution
December 31, 2009: Resolution at Yamagata Fujitsu Limited Shareholder's Meeting
End of March 2010: Liquidation completed
4. Financial Outlook
Transactions related to this event have already been recognized on consolidated financial statements, and therefore there will be no impact on consolidated financial results for the year ending March 31, 2010.
About Fujitsu
Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 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 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.
Press Contacts
Public and Investor Relations Division
Inquiries
Company:Fujitsu Limited
All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 17 December, 2009
City: Tokyo
Company:
Fujitsu Limited,
,
,
,
,