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Fujitsu to Discontinue HDD Head Business

Fujitsu Limited

Tokyo, January 27, 2009

Fujitsu Limited announced today that it will discontinue its hard disk drive (HDD) head(1) business on March 31, 2009 as part of a broader strategic review of the HDD operations.

The HDD head development and manufacturing operations are currently performed at the Nagano Plant. The company will reassign plant employees working in the HDD head operations to other operations within the Fujitsu Group.

The Nagano Plant also manufactures printed circuit boards for servers and telecommunications equipment, and will continue these operations after March 31.

Overview of Fujitsu HDD Head Business:

Business: Development and manufacturing of HDD heads
Location: Nagano Plant (Nagano City, Nagano Prefecture)
Employees: Approximately 360

Impact on FY2008 Consolidated Financial Results:

In relation to the discontinuation of the HDD head business, Fujitsu plans to recognize a one-time, facilities-related loss of 5.0 billion yen in the consolidated financial statements for the third quarter of fiscal 2008 ended December 31, 2008.

  • [1] HDD head

    A part used to read and write data on the HDD.

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: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: 27 January, 2009
City: Tokyo
Company: Fujitsu Limited, , , , ,

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