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Regarding Restructuring Charges for Full Year Fiscal 2007

Fujitsu Limited

Tokyo, May 12, 2008

Fujitsu Limited today announced that it recorded a loss on restructuring charges for fiscal 2007 ended March 31, 2008 in relation to the restructuring of its LSI business.

1. Restructuring Charges

In relation to the transfer of the advanced process technology development and mass-production prototyping functions from the Akiruno Technology Center (Akiruno TC) to the Mie Plant, the company recorded an impairment loss on machinery and other assets to be disposed of along with expenditures for the relocation and disposal of assets and others.

With regard to land and idle facilities at the Akiruno TC, we are currently considering their utilization within the Group, but since we have no concrete plans for future use, we have devaluated the assets to their recoverable values.

Akiruno TC will continue to be used by Fujitsu Microelectronics Limited, which was established through a reorganization of Fujitsu Limited’s LSI business into an independent subsidiary, for LSI design development and other functions.

Unconsolidated restructuring charges were recorded as a loss of 22.1 billion yen. The contents of the restructuring charges are as follows. The same amounts are also recorded in the consolidated financial statements.

 (billion yen)
Impairment loss on machinery and other assets to be disposed of
and expenditures for the relocation and disposal of assets and others:
12.7 [8.9]
Impairment loss on land and facilities: 9.3 [9.3]
Total 22.1 [18.2]
Impairment losses are disclosed in brackets ([ ]).

2. Revision of Earnings Projections

Please refer to today's release "Regarding Revision to Earnings Projections for Full Year Fiscal 2007" for the impact of this loss on full-year fiscal 2007 earnings projections.

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.

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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 publication and is subject to change without advance notice.

Date: 12 May, 2008
City: Tokyo
Company: Fujitsu Limited, , , , ,