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Fujitsu Limited Makes £800m Special Payment to UK Pension Schemes

Contribution from Japan ensures stability of UK schemes with a membership of c.21,000

Fujitsu UK & Ireland

London, March 25, 2013

Fujitsu UK & Ireland today confirmed that it has received a special payment from Fujitsu Limited, which it has invested in its UK pension schemes. The £800m contribution substantially improves the funding position of its defined benefit schemes.

The payment from Fujitsu Limited in Japan positively impacts Fujitsu UK & Ireland’s cash flow by reducing the amount paid by the company in on-going contributions. The contribution has been split across the following pension schemes:

  • The ICL Group Pension Plan – which has 18,338 members
  • The Fujitsu Comparable Pension Scheme – with 1614 members
  • The FTEL pension scheme – which has 1096 members

“The special payment significantly reduces the risk within our UK pension plans and ensures the funding levels within the schemes remain stable and predictable. As a global company with over 10,000 employees in the UK, the confidence that our people have in us as an employer is paramount. This investment, which we worked closely and constructively with the Trustee Boards to achieve, is a true indication of the commitment to UK employees past and present held by Fujitsu Limited,” Steve Clayton, chief financial officer, Fujitsu UK & Ireland commented. “In addition to this, it creates space for the UK & Ireland business to invest over the coming year and to continue to deliver growth within the region.”

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$54 billion) for the fiscal year ended March 31, 2012. For more information, please see: http://www.fujitsu.com

About Fujitsu UK and Ireland

Fujitsu UK and Ireland is a leading IT systems, services and products company employing over 10,100 people with an annual revenue of £1.6 billion. Additionally, Fujitsu’s other operations in the UK bring its total employee numbers to over 14,000 and its total revenues to £1.8 billion. Its business is in enabling its customers to realise their objectives by exploiting information technology through its integrated product and service portfolio. This includes consulting, applications, systems integration, managed services and product for customers in the private and public sectors including retail, financial services, telecoms, government, defence and consumer sectors. For more information, please see: http://uk.fujitsu.com

Graham Goulden

Phone: Phone: + 44 (0) 843 354 9568
E-mail: E-mail: graham.goulden@uk.fujitsu.com
Company:Fujitsu UK & Ireland

Ellie Bennett

Phone: Phone: + 44 (0) 207 861 2800
E-mail: E-mail: teamfujitsu@harvard.co.uk
Company:Harvard PR

Date: 25 March, 2013
City: London

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