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Fujitsu Ld. (FUJ)

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Tuesday 30 April, 2013

Fujitsu Ld.

Regarding Extraordinary Loss for Fiscal 2012

RNS Number : 5613D
Fujitsu Ld
30 April 2013
 



Fujitsu Limited

April 30, 2013

 

Fujitsu Records Extraordinary Loss for Fiscal 2012

Factors include early retirement incentive plan for semiconductor subsidiary and workforce rationalization measures taken by European subsidiary

 

Tokyo, April 30, 2013 - Fujitsu has posted an extraordinary loss in its consolidated financial results for fiscal 2012. Factors include costs incurred by its wholly owned subsidiaries associated with efforts to strengthen management fundamentals, as announced on March 28, 2013. Specifically, these efforts include the early retirement incentive plan implemented by Fujitsu Semiconductor Limited, and workforce rationalization measures put in place by Fujitsu Technology Solutions (Holding) B.V. (FTS).

 

1. Composition of the Extraordinary Loss

- 23.3 billion yen in retirement benefits for the approximately 2,000 employees (in Japan) who have enrolled in Fujitsu Semiconductor Group's early retirement incentive plan

- 18.4 billion yen for severance packages covering approximately 1,500 employees of the FTS Group

 

2. Outlook

Fujitsu will make an additional announcement once the number of retirees in the early retirement incentive plan has been determined.

 

3. Overview of the Subsidiaries

(1) Corporate name:                  Fujitsu Semiconductor Limited

(2) Location of head office:         Yokohama, Kanagawa, Japan

(3) President:                            Haruki Okada

(4) Capital:                                60.0 billion yen

(5) Business description:           Design, manufacturing, and sale of LSI products, including microcontrollers, ASICs, ASSPs, and power supply ICs.

 

(1) Corporate name:                  Fujitsu Technology Solutions (Holding) B.V.

(2) Location of head office:         Munich, Germany

(3) Chief executive officer:          Rod Vawdrey

(4) Capital:                               272,752,000.0 euros

(5) Business description:           Provision of IT services and development, manufacturing, and sale of information systems.

 

Press Contacts

Fujitsu Limited
Public and Investor Relations Division

Inquiries: https://www-s.fujitsu.com/global/news/contacts/inquiries/index.html

 

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 information is provided by RNS
The company news service from the London Stock Exchange
 
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