Fujitsu Ld Initiatives to Improve Operational Efficiency (3663X)

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RNS Number : 3663X

Fujitsu Ld

07 February 2013

Fujitsu Limited

February 7, 2013

Regarding Initiatives to Improve Operational Efficiency

Tokyo, February 7, 2013 - Fujitsu today announced its new policy of redoubling efforts to enhance operational efficiency, in addition to the company-wide cost reduction activities that it is currently undertaking. These efforts will work to promote the company's transformation toward stronger management fundamentals as the foundation for growth.

1. Enhancing Operational Efficiency as a Priority

(1) Company-wide Personnel Measures

Fujitsu will implement the following personnel measures in accordance with its structural reforms, consulting with labor unions as appropriate.

1) Reduction in workforce in and outside Japan by redeployment of human resources and reduction in the use of external resources (approximately 5,000 employees)

2) Transfer of employees along with the establishment of the new companies or the transfer of businesses (approximately 4,500 employees)

   3)   Emergency personnel measures (Reform policies/operational measures)

(2) Streamlining Corporate Headquarters / Cost Reduction Activities

By raising efficiency through a reassessment of corporate headquarters functions, making reforms to business processes, and reducing outside expenses, Fujitsu plans to reduce corporate headquarters expenses and streamline its corporate headquarters organization. In addition, it will step up its company-wide cost reduction activities.

2. Impact on Financial Results

The losses expected to be generated as a result of the implementation of the measures outlined in (1) above are factored into the consolidated financial projections for fiscal 2012 that were announced today.

For further details, please refer to two announcements released today, "Notice on the Recording of Extraordinary Losses," and "Fujitsu Announces the Restructuring and New Direction of its Semiconductor Business."

Press Contacts

Fujitsu Limited

Public and Investor Relations Division

Inquiries: https://www-s.fujitsu.com/global/news/contacts/inquiries/index.html

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Over 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$54 billion) for the fiscal year ended March 31, 2012. For more information, please see http://www.fujitsu.com.

All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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