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  7. Notice Regarding Termination of Business Alliance with TDK

Fujitsu Limited


Notice Regarding Termination of Business Alliance with TDK


Tokyo, May 8, 2009 — Fujitsu Limited today announced that it has come to an agreement with TDK Corporation ("TDK") to terminate their strategic business alliance in regard to hard disk drive ("HDD") heads, and in conjunction, the companies will dissolve their joint-venture agreement regarding HDD head manufacturer TDK FUJITSU Philippines Corporation ("TFPC"; 66% owned by TDK and 34% owned by Fujitsu).

1. Reason for Terminating the Business Alliance

In October 2004, Fujitsu and TDK signed a business alliance agreement on the HDD head business. In order to build a structure for technological cooperation, the two companies established the joint-venture TFPC in December 2004 to process and assemble HDD heads. Recently, however, Fujitsu decided to exit the HDD head and HDD businesses, and therefore the two companies have agreed to terminate the business alliance and dissolve the joint-venture agreement.

2. Details Regarding Termination of Business Alliance

The TFPC joint-venture agreement will be dissolved, and the company will become a wholly owned subsidiary of TDK.

Overview of the Joint Venture

1) Company name TDK FUJITSU Philippines Corporation
2) Major lines of business Manufacture of hard disk drive heads (processing and assembly)
3) Date established December 1, 2004
4) Registered address 119 East Science Avenue, Special Export Processing Zone,
Laguna Technopark, Binan, Laguna, Philippines
5) Capitalization US$65 million
6) Employees 2,236 (as of March 24, 2009)

3. Overview of Counterparty to Business Alliance Termination

1) Company name TDK Corporation
2) Registered address 1-13-1 Nihonbashi, Chuo-ku, Tokyo, Japan
3) Representative Takehiro Kamigama
4) Date established December 1935
5) Capitalization 32,641 million yen (as of the end of December 2008)
6) End of fiscal year March
7) Employees 74,071 (as of the end of December 2008)
8) Major lines of business Manufacture and sale of electronic materials and components
9) Annual sales 866,285 million yen (consolidated basis; fiscal year ending March 2008)
10) Relationship with Fujitsu Apart from relationship described above, there is no capital or personnel relationship

4. Schedule for Termination of Business Alliance

Scheduled for May 11, 2009.

5. Impact on Financial Results

This matter will have an insignificant impact on Fujitsu's financial results.


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


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