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  7. Fujitsu Integrates its IT Business Operations in China Under New Company

Fujitsu Integrates its IT Business Operations in China Under New Company

Creates an Integrated Market Presence in China's Rapidly Expanding IT Market

Fujitsu Limited

Tokyo, November 25, 2003

Fujitsu Limited today announced that it has established a new company on November 12, Fujitsu (China) Holdings Co., Ltd., to integrate and drive its IT business operations in China. The move represents another important step in Fujitsu's global business expansion and solidifies the company's presence in one of the world's most important and dynamic markets. It will also enable Fujitsu to offer one-stop solutions and enhanced local support to Japanese companies entering China's market.

Since its accession to the WTO, China has been liberalizing regulatory restrictions on the business activities of foreign companies in China. These moves have sparked a surge of large foreign investment in China, as foreign companies have established major manufacturing operations in China to serve global markets as well as China's rapidly expanding domestic market. In addition, major domestic companies in China are now aggressively investing in IT in order to boost their export competitiveness.

In response to these market opportunities, Fujitsu has reorganized its five IT related group companies in China, and established the new company, Fujitsu (China) Holdings, to integrate and drive its business in mainland China and Hong Kong. The new company manages three software development companies and a business company in Hong Kong, bringing together a total of a thousand employees to meet the needs of Fujitsu's customers in China.

As a wholly-owned subsidiary that integrates Fujitsu's IT business operations in China, the new company brings together sales and systems engineers to provide better support and solutions to customers. The company will also develop new business and support its sales group for the Chinese IT business. For the time being, its focus will be on serving Fujitsu's Japanese customers that are expanding their business in China, but the company will expand in the future to provide solutions to local businesses.

Bernard Kwok, a veteran of the IT industry in China, will be the president of the new company, leading Fujitsu's mission of aggressive business expansion in China.

As market opportunities in the greater China region expand and regulations are further liberalized, Fujitsu is considering expanding the scope of the company to encompass not only Hong Kong but also Taiwan and Korea, with the further possibility of integrating Fujitsu's electronic devices operations and research functions within the company, creating a fully integrated company in one of the world's most dynamic regions.

Overview of the New Company

  1. Company Name: Fujitsu (China) Holdings Co., Ltd.
  2. Address: 18F, Citic Square, 1168 West Nanjing Road, Shanghai 200041, China
  3. President: Bernard Kwok
  4. Capital: US$6 million (100% Fujitsu held)
  5. Areas of business: Information technology and international procurement
  6. Employees: 150
  7. Offices: Beijing, Shanghai, Guangzhou(1)

Profile of Bernard Kwok

Mr. Kwok has twenty-four years of experience in the IT, networking, and communications industries. Most recently, he was president of EMC for the China/Hong Kong region. He also has prior management experience at 3Com, Magnetek, and Nortel Networks as Asia Pacific regional manager. He has an undergraduate degree in electrical engineering and an MBA from the University of Nevada.

Companies under Fujitsu (China) Holdings Co., Ltd.

  1. Beijing Fujitsu System Engineering Co., Ltd.
    President: Hironobu Matsushita
    Areas of business: Software Development
    Capital: JPN 100 million
    Employees: 210
    Revenues: CNY 37 million
  2. Nanjing Fujitsu Nanda Software Technology Co., Ltd.
    President: Takeda Tsuginori
    Areas of business: Software Development
    Capital: USD 1.12 million
    Employees: 134
    Revenues: CNY 23 million
  3. Fujitsu (Xi'an) System Engineering Co., Ltd.
    President: Osamu Mamada
    Areas of business: Software Development
    Capital: USD 580,000
    Employees: 56
    Revenues: CNY 3.2 million
  4. Fujitsu Hong Kong Ltd.
    President: Bernard Kwok
    Areas of business: IT Business and International Procurement in Hong Kong
    Capital: HKD 5 million
    Employees: 270
    Revenues: HKD 800 million

  • [1] Offices: Beijing, Shanghai, Guangzhou

    * The new company succeeds Fujitsu (Shanghai) Co., Ltd.

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting technologies, highly reliable computing and telecommunications platforms, 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 4.6 trillion yen (US$38 billion) for the fiscal year ended March 31, 2003.  
For more information, please see: www.fujitsu.com

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*All company names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purpose only.

Press Release ID: 2003-0213
Date: 25 November, 2003
City: Tokyo
Company: Fujitsu Limited, , , , ,

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