Tokyo, Aug 21, 2009 - (JCN Newswire) - Fujitsu today announced that it had sold its shares in FANUC Ltd. through the Tokyo Stock Exchange's ToSTNeT-3 off-auction trading system, in response to FANUC's solicitation on August 20, 2009 to repurchase its shares.
1. Details of Share Sale
(1) Number of shares to be sold: 11,975,900 shares
(2) Proceeds from sale: approximately 89.0 billion yen
(3) Method of sale: Tokyo Stock Exchange's ToSTNeT-3 trading system
(4) Date of sale: August 21, 2009
2. Impact on Financial Results
The sale of FANUC shares will result in a one-time gain on sale of investment securities of approximately 89.0 billion yen in the consolidated results for the current fiscal year ending March 31, 2010. For details on the impact to consolidated earnings, please see the press release "Fujitsu Revises Earnings Projections for First Half FY 2009" announced today.
The sale of shares will have the same impact on unconsolidated results for the current year.
3. Business Relationship between Fujitsu and FANUC
The share sale will not affect the excellent business relations between Fujitsu and FANUC. Even after the sale, Fujitsu will maintain and strengthen its strong business partnership with FANUC.
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 Limited
Public and Investor Relations Division
http://www.fujitsu.com/global/news/contacts/
Aug 21, 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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