Tokyo, Feb 17, 2009 - (JCN Newswire) - Fujitsu Limited today announced that it will split off its optical modules business and merge the business into its wholly owned subsidiary, Fujitsu Optical Components Manufacturing Limited, through a simple absorption-type separation, as of April 1, 2009. By consolidating the development, manufacturing and sales of the optical modules business of the Fujitsu Group into one company, a more accelerated and flexible operational structure will be implemented. As the corporate split is a simple separation in which the successor company is a wholly owned subsidiary of Fujitsu, the items for disclosure have been simplified to the following.
Fujitsu has been considering how best to allocate the management resources of its optical modules business in order to further accelerate product development and promote manufacturing innovation, product quality and greater efficiency in its business operations. In conjunction with this, the company has decided to split off its optical modules business.
The business environment surrounding the optical modules business has undergone dramatic changes due to the rapid decline in global demand and market prices, as well as the deteriorating business sentiment, resulting in increasingly severe conditions.
Until now, Fujitsu Limited has handled the development and sales of optical modules as well as the production of high-performance modules such as the MSA(1) 10Gbps transponder and LN optical modulators(2) , while Fujitsu Optical Components Manufacturing Limited has been engaged in low-cost production of lower-speed module devices such as ROSA(3)(such as BIDI)(4) within the Fujitsu Group. In order to improve response capabilities to the sudden change in the operating environment and promote further business efficiencies, Fujitsu Limited has decided to split off its optical modules business through a simple absorption-type separation and consolidate it in Fujitsu Optical Components Manufacturing Limited to further enhance the optical modules business of the Fujitsu Group.
In anticipation of a future increase in demand for optical module products in the field of data communications, such as modules for optical transmission equipment as well as for servers and other IT equipment, the new business structure will accelerate the development and manufacturing of high-quality products and offer its customers products that respond to their needs.
For the Outline of the Corporate Split, Overview of Transferor and Successor Companies, Overview of Business Divisions to Be Split Off and further details, please see www.fujitsu.com/global/news/pr/archives/month/2009/20090217-01.html.
(1) MSA: Multi-Source Agreement. An agreement on common specifications that enable other vendors to provide multiple sources for customers by defining the use of electrical interfaces and data signal processing systems.
(2) LN optical modulator: LiNbO3. A device that converts an electrical data signal into an optical data stream via the electro-optic effect of a LiNbO3 crystal.
(3) ROSA: Receiver Optical Sub-Assembly. An optical transceiver device.
(4) BIDI: Bi Directional Device.
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.
Contact:
Fujitsu Ltd
Public and Investor Relations
http://www.fujitsu.com/global/news/contacts/
+81-3-3215-5259
Feb 17, 2009
Source: Fujitsu
Fujitsu (TSE: 6702) (U.S: FJTSY)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Press release summary
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