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Fujitsu Ld. (FUJ)

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Tuesday 30 April, 2013

Fujitsu Ld.

Regarding Valuation Loss on Shares in Subsidiaries

RNS Number : 5611D
Fujitsu Ld
30 April 2013
 



Fujitsu Limited

April 30, 2013

 

Fujitsu Records Valuation Loss on Shares in Subsidiaries on Non-consolidated Basis

 

Tokyo, April 30, 2013 - Fujitsu has recorded a valuation loss on shares in subsidiaries in its financial results for fiscal 2012, announced today. It became necessary for Fujitsu to post the valuation loss, because among the shares in subsidiaries it holds as part of its investment securities, the actual value of certain shares declined significantly, and there is little prospect that their value will recover.

 

1. Valuation Loss on Shares in Subsidiaries Recorded in the Fourth Quarter of Fiscal 2012

Unit: Billion Yen

Description      

Amount

Valuation loss on shares in subsidiaries recorded in the fourth quarter of fiscal 2012 (January 1, 2013 to March 31, 2013) (= a - b)

135.6


(a) Valuation loss on shares in subsidiaries recorded in fiscal 2012 (April 1, 2012 to March 31, 2013)

383.9

 


(b) Valuation loss on shares in subsidiaries recorded in the first nine months of fiscal 2012 (April 1, 2012 to December 31, 2012)

248.2

 

2. Outlook

The valuation loss on shares in subsidiaries described above has been recorded as an extraordinary loss in the Company's non-consolidated financial results for fiscal 2012. There is no impact on consolidated financial results.

 

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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