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Fujitsu and Toshiba Complete Merger of Mobile Phone Businesses

Fujitsu Limited,Toshiba Corporation

Tokyo, October 01, 2010

Fujitsu Limited and Toshiba Corporation today announced that they have completed the merger of their mobile phone businesses.

On June 17, 2010, Fujitsu and Toshiba signed a Memorandum of Understanding (MOU) to merge their mobile phone businesses, followed by a definitive contract on July 29, 2010. Today, Toshiba completed the transfer of its mobile phone operations to a new company, and Fujitsu completed its acquisition of shares in the new company, which will operate under Fujitsu management.

The new entity combines the respective mobile phone know-how and technology of both companies and will expand by delivering products and services that continue to meet the needs of consumers.

Fujitsu's current mobile phone operations will continue to operate as a part of Fujitsu Limited.

Overview of the New Company

Capital:450 million yen
Company Name:Fujitsu Toshiba Mobile Communications Limited
Holding Ratio:80.1% Fujitsu Limited, 19.9% Toshiba Corporation
Representative:Nobuo Otani, corporate senior vice president, Fujitsu Limited
Head Office:4-1-1 Kamikodanaka, Nakahara-ku, Kawasaki-shi, Kanagawa-ken, Japan
Number of Employees:Approximately 350
Business Description:Design, development, and sales of mobile phones

About Fujitsu

Fujitsu is a leading provider of ICT-based business solutions for the global marketplace. With approximately 170,000 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$50 billion) for the fiscal year ended March 31, 2010. For more information, please see: www.fujitsu.com.

About Toshiba

Toshiba is a world leader and innovator in pioneering high technology, a diversified manufacturer and marketer of advanced electronic and electrical products spanning information & communications systems; digital consumer products; electronic devices and components; power systems, including nuclear energy; industrial and social infrastructure systems; and home appliances. Toshiba was founded in 1875, and today operates a global network of more than 740 companies, with 204,000 employees worldwide and annual sales surpassing 6.3 trillion yen (US$68 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm.

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Public and Investor Relations Division
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Company:Fujitsu Limited

Press Contacts

Corporate Communications Office
http://www.toshiba.co.jp/contact/media.htm

Company:Toshiba Corporation


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.

This press release has been revised as of December 17, 2018.

Date: 01 October, 2010
City: Tokyo
Company: Fujitsu Limited, Toshiba Corporation, , , ,

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