Fujitsu to Spin Off Shared Technology and Design Divisions
JCN Newswires, August 27, 2007

Tokyo, Japan, Aug 27, 2007 - (JCN Newswire) - Fujitsu Limited announced that, at a meeting of its Board of Directors held today, based on Article 370 of the Company Law, it has decided to spin off, through simple incorporation-type separations, its shared technology and design divisions and convert them, as of October 1, 2007, into two newly established corporations, Fujitsu Advanced Technologies Limited and Fujitsu Design Limited.

Fujitsu to Spin Off Shared Technology and Design Divisions
JCN Newswires, August 27, 2007

Tokyo, Japan, Aug 27, 2007 - (JCN Newswire) - Fujitsu Limited announced that, at a meeting of its Board of Directors held today, based on Article 370 of the Company Law, it has decided to spin off, through simple incorporation-type separations, its shared technology and design divisions and convert them, as of October 1, 2007, into two newly established corporations, Fujitsu Advanced Technologies Limited and Fujitsu Design Limited.

Objectives of the Corporate Spinoffs
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As a new approach it is proposing to its customers, Fujitsu is promoting the concept of Field Innovation, which aims to foster innovation in the realms of business, individual lifestyles, and society at large by continually improving processes and IT while emphasizing the central role played by people. To advance this effort, it is essential to make greater use of people's knowledge and, as a concrete initiative in this regard, Fujitsu is making its broad operational expertise and experience available to customers through the provision of business process outsourcing (BPO) services. Now, in conjunction with this approach, Fujitsu is separating into independent subsidiaries its shared technology and design divisions.

When formed into an independent company, Fujitsu's shared technology divisions will utilize technology and expertise developed over many years to offer contract development and design and technology consulting services not only to Fujitsu Group companies but also to customers who manufacture electronic devices and equipment. In recent years, servers, storage systems and networking equipment have achieved ever-higher levels of speed and capacity, as well as greater energy efficiency and low-noise operation. Similarly, PCs and mobile phones have achieved great strides in miniaturization and multi-functionality. Product development cycles in these areas are now shorter than ever before.

Building on a base of comprehensive manufacturing expertise, Fujitsu's shared technology divisions possess LSI design, high-speed signal processing and other circuit technologies; micro-assembly, component mounting, cooling and other packaging technologies; component technologies, including evaluation technologies for assessing the functionality and characteristics of components in terms of compatibility with product attributes; and, in the design stage, IT-based simulation technologies and operating environments for pre-testing performance, quality, ease of assembly and maintenance.

As a new company spun off from Fujitsu's shared technology divisions, Fujitsu Advanced Technologies Limited will be in a position to provide customers with a unique level of service, as outlined above, combining the technologies and expertise developed over many years in manufacturing innovation and technical computing. These strengths will enable the company to meet a wide variety of customer needs in developing cutting-edge technologies and generating greater efficiencies in the development process.

Utilizing the expertise that Fujitsu's design divisions have developed in areas ranging from consumer products to industrial products and for design functions including broad-based product and function design, user interface design, office and retail space design, the new independent design company will offer consulting in IT industrial design and universal design to Fujitsu Group companies as well as a broad range of outside customers.

In recent years it has become increasingly difficult to differentiate on the basis of product function alone; such qualities as attractiveness, ease of use and ease of understanding are also required, thus increasing the importance of design. In the software and solutions businesses, as well, more attention is being paid to graphical user interface (GUI) design. With the implementation of such concepts as universal design, which aims for the creation of an IT society in which everyone can participate, a paradigm shift in the approach to design is occurring throughout the IT industry.

As a new company spun off from Fujitsu's design divisions, Fujitsu Design Limited will leverage technology and expertise developed over many years in design and manufacturing innovation to provide to the design consulting that customers require for IT-related hardware and software.

For a full outline of the spinoffs, please visit http://www.fujitsu.com/global/news/pr/archives/month/2007/20070827-01.html

About Fujitsu Ltd

Fujitsu Limited (TSE: 6702; ADR: FJTSY) is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu reported consolidated revenues of about 4.8 trillion yen (US$40.6 billion) for the fiscal year ended March 31, 2006. For more information, please visit www.fujitsu.com .