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AUTOBACS SEVEN to transfer shares in joint management of its IT subsidiary with Fujitsu

AUTOBACS SEVEN Co., Ltd.,Fujitsu Limited

Tokyo, July 15, 2009

AUTOBACS SEVEN Co., Ltd. and Fujitsu today announced that they have reached an agreement in principle for Fujitsu to acquire 85.1% of the shares of AUTOBACS SYSTEM SOLUTION Co., Ltd., and jointly manage the IT subsidiary of AUTOBACS SEVEN.

AUTOBACS SEVEN and Fujitsu intend to put together a detailed plan for joint management of AUTOBACS SYSTEM SOLUTION and sign a formal agreement by the end of September 2009, with shared operations to begin on October 1, 2009.

Since 2002, Fujitsu has leveraged its long experience in building information systems to work with customers and provide management services enabling customers to transform their IT operations. By investing in and jointly managing AUTOBACS SYSTEM SOLUTION with AUTOBACS SEVEN, Fujitsu aims to provide comprehensive management encompassing the training and development of human resources, raising the transparency of IT system costs, and improving the efficiency of IT system investments, by offering its strategic know-how of information systems. Through implementing a high-quality and highly efficient information system, Fujitsu will support the AUTOBACS Group in its strategic use of these systems.

AUTOBACS SYSTEM SOLUTION has been providing a unified package of services ranging from information system consulting to system deployment, operations, and maintenance, to the logistic field. AUTOBACS SYSTEM SOLUTION will now be able to provide these services more quickly, efficiently, and at a higher level of quality, thus enabling it to implement sophisticated IT strategies for AUTOBACS SEVEN as well as AUTOBACS Group companies.

Overview of Joint Venture Company

Company Name:   AUTOBACS SYSTEM SOLUTION Co., Ltd.*
Headquarters:   Koto-ku, Tokyo
Representative:   Fusahide Yasui, President and Representative Director
Main Operations:   Development, operations, and maintenance of information systems
Established:   June 2002
Capital:   JPY 95 million
Shareholders:   Fujitsu Limited  85.1%
AUTOBACS SEVEN Co., Ltd.  14.9%
*company name subject to change after transfer of shares

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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Phone: Phone: +81-3-6219-8787
Company:AUTOBACS SEVEN Co., Ltd.

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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: 15 July, 2009
City: Tokyo
Company: AUTOBACS SEVEN Co., Ltd., Fujitsu Limited, , , ,

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