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Fujitsu and Nikko Securities Jointly Establish Internet Securities Company
Tokyo, January 13, 2000 -- Based on their agreement of last July,
Fujitsu Limited and The Nikko Securities Co., Ltd. are this month
establishing Internet Trading Securities Inc. (IT Securities), the
world's first Internet-based introducing brokerage targeted at
subscribers of a particular network. Enjoying the full support of
Fujitsu and Nikko Securities, the new company will assist customers --
mainly subscribers of @nifty, Japan's largest Internet service
provider -- with asset formation, taking advantage of the network
to offer greater convience.
Fujitsu boasts among the most sophisticated Internet technology in
Japan and, in concert with its customers, the company has been
helping to foster Japan's networked society from the very beginning.
Nikko Securities is one of Japan's big-three securities firms, with
a long history of reliable service. It has had a full-fledged
presence on the Internet since last October, when it established an
online securities firm. Backed by these formidable companies, IT
Securities is expected to begin operations in April 2000.
Fujitsu and Nikko Securities are committed to providing efficient
and highly reliable service, as well as to inspiring confidence in
the system and security standards that are the keys to the Internet
commerce. They intend to offer @nifty subscribers and other customers
high-quality financial products closely matched to their needs along
with economical service on a continuing basis.
Internet Trading Securities Inc. at a Glance
| Representative: | Kunihiko Mizoguchi, President
(currently General Manager in Fujitsu's Systems Division) |
| Head office: | 6-22-7, Minami-Ooi, Shinagawa-ku,
Omori BelPort E-Building, Tokyo |
| Start of operations: | April 3, 2000 |
| Capital: | 1 billion yen |
| Shareholders: | Fujitsu (65%), Nikko Securities (35%) |
- Business areas will range from brokering securities transactions
(promotion, product descriptions, receipt of orders, etc.) to
providing financial information services (covering a variety of
products, investment information, etc.). With @nifty, the
provider with the largest subscriber base in Japan, as a "venue,"
the company will offer convenient, highly reliable financial
services, enhancing the networked lifestyle of users.
- In order to facilitate the capital formation of our customers,
the company will initially offer services that make it easier
for even beginners to select and purchase investment and trust
products.
- The company will gradually introduce a fuller, more complete
range of financial services, including stock transactions
(planned for the beginning of October) and financial consulting
services utilizing the most advanced technology.
Nikko Beans, The Nikko Securities Group's online securities firm,
and Financial Network Technologies, which was formed by the alliance
last October between Fujitsu and Nikko Securities Group, will
cooperate closely in offering the services described above.
* All company names mentioned may be trademarks or registered
trademarks of their respective holders and are used for
identification purpose only.
About Fujitsu Limited
Fujitsu Limited (TSE: 6702) is a leading provider of comprehensive
information technology and network solutions for the global
marketplace. Comprising over 500 group companies and affiliates
worldwide -- including ICL, Amdahl and DMR Consulting Group --
the Fujitsu Group had consolidated revenues of 5.24 trillion yen
($43.3 billion) in the fiscal year ended March 31, 1999. With
world-class hardware and software technology in computers,
telecommunications and microelectronics, and a corps of 55,000
systems and services experts around the world, Fujitsu is uniquely
positioned to harness the power of the network to help its
customers succeed. Altogether, the Fujitsu Group has 188,000
employees and operations in over 100 countries.
Home page: http://www.fujitsu.com/
| Press Contacts: |
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Isao Hirano, Bob Pomeroy, Scott Ikeda
Fujitsu Limited, Public Relations
Tel: +81-3-3215-5236 (Tokyo)
Fax: +81-3-3216-9365
E-mail: pr_mailbox@hq.fujitsu.co.jp
Norihei Matsumoto, Shinji Nishihiro
Public Relations and IR Division
The Nikko Securities Co., Ltd.
Tel: +81-3-5644-4543 (Tokyo)
Fax: +81-3-5644-4555
E-mail: fag@pr.sec.nikko.co.jp
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