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Fujitsu Records Valuation Loss on Shares in Subsidiaries on Non-consolidated Basis
Fujitsu Limited
Fujitsu has recorded a valuation loss on shares in subsidiaries in its financial results for fiscal 2012, announced today. It became necessary for Fujitsu to post the valuation loss, because among the shares in subsidiaries it holds as part of its investment securities, the actual value of certain shares declined significantly, and there is little prospect that their value will recover.
1. Valuation Loss on Shares in Subsidiaries Recorded in the Fourth Quarter of Fiscal 2012
2. Outlook
The valuation loss on shares in subsidiaries described above has been recorded as an extraordinary loss in the Company's non-consolidated financial results for fiscal 2012. There is no impact on consolidated financial results.
About Fujitsu
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 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 4.4 trillion yen (US$47 billion) for the fiscal year ended March 31, 2013. For more information, please see http://www.fujitsu.com.
All 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: 30 April, 2013
City: Tokyo
Company:
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