Fujitsu Limited
Notice of Change to Effective Date of Corporate Split
Tokyo, June 25, 2009 – Fujitsu Limited (“Fujitsu”) today announced that the effective date of the planned absorption-type separation to split off its hard disk drive (HDD) business and reorganize it into a wholly owned subsidiary, Toshiba Storage Device Corporation (“TSDC”), has been changed from July 1, 2009 to August 1, 2009.
1. Change to Effective Date of Corporate Split
Before Change After Change July 1, 2009 (scheduled) August 1, 2009 (scheduled)
2. Reason for Change As previously announced on May 21, 2009, as of the effective date of the corporate split, Fujitsu plans to transfer 80.1% of the shares of TSDC to Toshiba Corporation (“Toshiba”). To prepare for the transfer, Fujitsu and Toshiba are taking necessary procedures in various countries in accordance with local competition laws. In a certain country, however, the governmental review process has not been completed, and therefore the companies have decided to extend the target transfer date to August 1, 2009. Accordingly, the effective date of the planned corporate split has also been changed.
3. Impact of Change on Financial Results The above change is not expected to have a material impact on financial results for the current year.
Press Contact Fujitsu Limited Public and Investor Relations Division Inquiries: https://www-s.fujitsu.com/global/news/contacts/inquiries/index.html
About Fujitsu Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.
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