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Tokyo, July 9, 2001 - Fujitsu Limited today announced a basic agreement whereby the operations of four of its Japan-based subsidiaries - Fujitsu Systems Construction Ltd. ("FJSC"), Fujitsu Network Engineering Ltd. ("FNE"), Fujitsu Information Network Systems Ltd. ("FJI"), and Fujitsu International Engineering Ltd. ("FIE") - will be consolidated with the goal of pooling their strengths to boost the Fujitsu Group's competitiveness in the field of network solutions. Implementation schedule and other details of the consolidation, which is scheduled to take effect from October 1, 2001, will be finalized through upcoming consultations among the companies.
Background & Objectives
With the emergence of the broadband era and the development of various network-based services, the Internet-based IT revolution is changing the face of business as well as people's lifestyles, and customer needs are expected to become increasingly diverse in the future. In order to offer services that meet these diverse customer needs, it will be necessary to develop networks with higher speeds and higher capacity along with comprehensive network solutions.
Against the backdrop of these market changes as well as the promotion of the e-JAPAN electronic government concept, Fujitsu has decided to consolidate the operations of the above-mentioned four companies into a new corporate entity, expected to be called Fujitsu Network Solutions Ltd. The purpose of the consolidation is to revise and strengthen the Fujitsu Group's business structure as a provider of one-stop solutions - from network planning and consultation to network design and construction, systems integration, software development, maintenance and operation - for service providers (carriers and xSPs), public and enterprise networks in Japan and the broader Asian market. The integration of the four companies will enable the concentration of their respective network construction/operations skills into a single company that allows resources to be used more effectively.
The Fujitsu Group is currently enhancing its network solutions business structure in North America and Europe, and through this planned consolidation will put into place a three-pronged organizational structure for offering one-stop solutions worldwide.
Outline of the Consolidated Company
- Effective Date: October 1, 2001 (planned)
- Name: Fujitsu Network Solutions Ltd. (tentative)
- Chief Executive: to be decided
- Capital: 3.9 billion yen
- Head Office: 6-22-7 Minami Oi, Shinagawa-ku, Tokyo
- Sales: 100 billion yen
- Employees: 2,200
Overview of Companies Being Consolidated
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FJSC | FNE | FJI | FIE |
Business
Description |
construction, sales, and support of information and communication networks and facilities, etc. |
design,
development,
evaluation,
maintenance and operation of information and communications network systems, etc. |
systems development,
construction, and consulting, etc. |
overseas construction of information and communication systems; maintenance and training, etc. |
| Established |
March 1989 |
May 1984 |
June 1989 |
June 1986 |
| Address |
6-22-7 Minami Oi, Shinagawa-ku, Tokyo |
3-2-1 Sakado, Takatsu-ku, Kawasaki |
1-403 Kosugimachi,Nakahara-ku, Kawasaki |
1-403 Kosugimachi,Nakahara-ku, Kawasaki |
| Chief Executive |
Yasuo Iwasaki,
President |
Akira Miyata,
President |
Masami Wada,
President |
Atsuyuki Kodama,
President |
| Sales (FY ended 3/31/01) |
70, 073 million yen |
14,607 million yen |
2,055 million yen |
8,867 million yen |
| Net Income (FY Ended 3/31/01) |
1,138 million yen |
512 million yen |
93 million yen |
411 million yen |
| Capital (as of 3/31/01) |
3,342 million yen |
300 million yen |
100 million yen |
300 million yen |
| Shares Issued (as of 3/31/01) |
21,488,000 |
6,000 |
2,000 |
6,000 |
| Number of Employees |
984 |
812 |
94 |
300 |
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Note: At FJSC's General Shareholders' Meeting held on June 28, 2001, it was decided that FJSC would become a wholly owned subsidiary of Fujitsu Limited, with exchange of FJSC's shares to take place on August 1, 2001.
About Fujitsu
Fujitsu is a leading provider of Internet-focused information technology solutions for the global marketplace. Its pace-setting technologies, best-in-class computing and telecommunications platforms, and worldwide corps of systems and services experts make it uniquely positioned to unleash the infinite possibilities of the Internet to help its customers succeed. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5.48 trillion yen for the fiscal year ended March 31, 2001.
For more information, see: http://www.fujitsu.com/
| Press contacts: |
Yuri Momomoto, Bob Pomeroy
Fujitsu Limited, Public Relations
Tel: +81-3-3215-5259 (Japan)
Fax: +81-3-3216-9365
E-mail: pr@fujitsu.com
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