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Regarding Business Restructuring Expenses in Fiscal 2008

Fujitsu Limited

Tokyo, April 30, 2009

Fujitsu Limited today announced that in its financial results for fiscal 2008 ended March 31, 2009, the company recognized expenses related to the restructuring of its business.

1. Business Restructuring Expenses

Fujitsu recognized consolidated restructuring losses of 54.1 billion yen and unconsolidated losses of 26.0 billion yen in fiscal 2008 ended March 31, 2009. The main expenses are as follows.

(1) Hard Disk Drive (HDD) Business Restructuring

Fujitsu has finalized contracts to transfer its HDD drive business to Toshiba Corporation and its HDD media business Showa Denko KK. As a result of the business transfers, consolidated losses of 37.0 billion yen were recognized in relation to the disposal of related assets, the settlement of liabilities and pension benefits of transferred employees and other losses.

An impairment loss of 5.3 billion yen recognized in the third quarter for the discontinuation of the HDD head business and its production lines is included in the above figures.

(2) LSI Business Restructuring

Fujitsu is reorganizing its LSI wafer manufacturing facilities in Japan as part of its LSI business reform plan announced in January 2009. In relation to the reorganization, the company recognized consolidated restructuring expenses of 11.3 billion yen in fiscal 2008 to cover the disposal of plant equipment scheduled for fiscal 2009.

(3) Electronic Components and Global Businesses Restructuring

Fujitsu recognized consolidated expenses of 5.8 billion yen related to the transfer of its capacitor and other businesses, the transfer of its shares in Eudyna Devices Inc., the integration of its North American subsidiaries, and other measures.

2. Forecast for Fiscal 2008

In regard to the impact on fiscal 2008 results, please refer to the separate release "Regarding Revision to Earnings Projections for Fiscal 2008" also released today.

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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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: 30 April, 2009
City: Tokyo
Company: Fujitsu Limited, , , , ,

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