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Notice Regarding the Sale of Shares in Fanuc Ltd.
Fujitsu Limited
Tokyo, March 20, 2007
Fujitsu Limited today announced that to further solidify its financial condition it has sold a portion of its shareholdings in Fanuc Ltd. via the Tokyo Stock Exchange's ToSTNet-2. Details are as follows.
1. Description of the Sale
Number of shares sold: |
6,648,000 |
Value of sale: |
approximately 70.0 billion yen |
Remaining shares held in Fanuc after the sale: |
11,975,963 [5.00% of Fanuc's voting rights] |
Method of sale: |
Tokyo Stock Exchange's ToSTNet-2 |
Date of sale: |
March 20, 2007 |
2. Impact on FY 2006 Financial Results
The sale of shares in Fanuc is expected to result in a gain of approximately 70.0 billion yen on both an unconsolidated and consolidated basis, with a positive impact on net income of about 40.0 billion yen.
Fujitsu has issued a separate announcement today regarding revisions to its FY 2006 unconsolidated financial results forecast.
3. Relationship with Fujitsu
Fujitsu will maintain a good cooperative relationship with Fanuc as a friendly and equal partner following the above-mentioned sale of shares.
About Fujitsu
Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of about 4.8 trillion yen (US$40.6 billion) for the fiscal year ended March 31, 2006. See http://www.fujitsu.com for further information.
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Company:Fujitsu Limited
Date: 20 March, 2007
City: Tokyo
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