Fujitsu Asia Outlines Plans for Singapore and Region

Singapore, August 05, 2004

Fujitsu Asia today announced plans to become a key provider of information and communications technology (ICT) solutions for the local and regional markets as the company marks its 30th year of operations in Singapore.

Senior executives revealed initiatives geared towards becoming a significant ICT solutions provider in ASEAN. Marketing efforts will be aligned towards achieving the goal, with increased emphasis on high-growth areas such as system integration, infrastructure management and outsourcing.

The company expects to register revenues totaling about S$1.2 billion by March 2007, almost doubling the current figure of S$680 million. To achieve this target, Fujitsu Asia will spend an additional S$47 million in Singapore over the next three years in areas such as job creation, training and other tasks aimed at enhancing its services and solutions business.

“The provision of comprehensive ICT solutions and services represents tremendous growth potential for Fujitsu in ASEAN. With our expertise in designing, building and operating business-critical IT systems for customers and Fujitsu Asia’s deep understanding of the ASEAN market and customers’ requirements, we are ideally positioned to capitalize on the region’s fast growing demand for IT outsourcing and other sophisticated ICT services and solutions,᾿ said Mr Naoyuki Akikusa, Chairman of Fujitsu Limited.

Mr Akikusa is in Singapore for Fujitsu’s 30^th anniversary celebration in the country, the highlight of which is the presentation of the International Headquarters (IHQ) Award by the Singapore Economic Development Board (EDB). The IHQ Award offers corporate incentives to locally head-quartered companies and underlies the recipient’s commitment to manage its regional headquarter functions in Singapore.

“Singapore’s excellent ICT infrastructure, established legal regulatory framework, highly skilled and multilingual workforce and social and political stability make it an ideal ground for regional operations,᾿ commented Mr Norikazu Karasuda, Regional Group CEO of Fujitsu Asia.

Mr Teo Ming Kian, Chairman of EDB said, "Since the early 70s, Fujitsu has steadily grown to become one of the anchor Japanese multinational corporations here. Today, Singapore serves as Fujitsu's HQ for ASEAN from where it provides strategic development and support services to its various entities in the Asia-Pacific region. Our presentation of the International Headquarters award to Fujitsu is a symbol of our continuing partnership into the future. My warmest congratulations to the management and staff of Fujitsu and I wish you many more years of success."

As the regional headquarters in ASEAN, Fujitsu Asia serves as the administrative, logistics, marketing and sales hub for Fujitsu’s business operations in this part of the world. “Just like the local economy, Fujitsu’s business operations in Singapore have expanded and evolved tremendously over the past 30 years. Setting up Fujitsu Asia here in 1997 as the regional headquarters underlines our commitment to Singapore and ASEAN, which the company will reaffirm as it explores upcoming regional business opportunities,᾿ said Mr Karasuda.