Skip to main content



Archived content

NOTE: this is an archived page and the content is likely to be out of date.

Notice Regarding Liquidation of Specified Subsidiary

Fujitsu Limited

Tokyo, August 25, 2011

Fujitsu Limited has announced that its Board of Directors today decided to liquidate its specified subsidiary, Fujitsu International Finance (Netherlands) B.V. ("FIF").

1. Reason for Liquidation

FIF was established to conduct Group financing activities in Europe. Now, however, because its Group financing role has concluded, Fujitsu made the decision to liquidate FIF.

2. Company Outline

  1. Name: Fujitsu International Finance (Netherlands) B.V.
  2. Representative: Masao Kasugai, Managing Director
  3. Head Office Location: Atrium, Strawinskylaan 3105, 1077 ZX, Amsterdam, The Netherlands
  4. Date of Establishment: May 4, 1988
  5. Business Activities: Group financing for overseas affiliates
  6. Capital: Euro 265,341,955.86
  7. Ownership of Shares: 100% Fujitsu Limited
  8. Number of Shares Issued: 584,737 shares
  9. Financials for the Past Three Fiscal Years Ended March 31
Financials for the Past Three Fiscal Years Ended March 31 (million yen)
  2009 2010 2011
Net Sales 26 3 3
Operating Income 17 -5 -8
Ordinary Income 869 13 -8
Net Income 862 12 -1
Net Income (per share) 0.001 0 0
Total Assets 4,422 4,264 4,003
Net Assets 4,405 4,251 3,998
Net Assets (per share) 0.01 0.01 0.01
Dividend (per share) - - -

3. Schedule

Liquidation to be completed as of March 31, 2012 (planned)

4. Impact on Financial Results

The liquidation of FIF will elicit no impact on income before income taxes and minority interests. However, including the effect of foreign exchange fluctuations, Fujitsu anticipates a decline of approximately \10.0 billion in income taxes in line with this liquidation.

In addition, because this impact was already factored into the consolidated first-half and full-year forecasts for the fiscal year ending March 31, 2012, as stated in FY 2011 First-Quarter Financial Results announced on July 28, 2011, earnings projections will not be revised.

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Over 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$55 billion) for the fiscal year ended March 31, 2011. For more information, please see

Press Contacts

Public and Investor Relations Division

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.

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

Date: 25 August, 2011
City: Tokyo
Company: Fujitsu Limited, , , , , , , , , ,