Fujitsu Announces About Concerning the Company Split with a Consolidated Subsidiary

Fujitsu Limited (“Fujitsu”) announces that it has made a resolution at its Board of Directors Meeting held today that effective of April 1, 2019, Fujitsu will succeed the datacenter services business of its consolidated subsidiary, FUJITSU FIP CORPORATION (“Fujitsu FIP”), by a company split (“the Company Split”), and hereby gives notice to that effect as stated below.
Since the Company Split is a simplified absorption-type company split to be implemented between Fujitsu and its wholly owned subsidiary, information and details disclosed here are omitted in part.

Objectives of the Company Split

Fujitsu and Fujitsu FIP currently work together to conduct product planning and development, according to the datacenter services business strategy formulated by Fujitsu, and Fujitsu FIP handles the delivery of services, providing services to approximately 1,400 customers.

With the growth of cloud services in recent years, customers have a greater need for digital services that include multi-cloud and hybrid IT, which demand more advanced expertise. Therefore, Fujitsu is newly positioning datacenters as a common platform for delivering such services, and, with the objective of establishing a structure for the timely delivery of services that address various needs, will integrate Fujitsu FIP's datacenter services business into Fujitsu through an absorption-type company split, effective April 1, 2019.

Following the Company Split, all functions related to the datacenter services business, including the formulation of business strategy, product planning and development, the delivery of services to the customer, quality control, and datacenter facility operations, will be integrated into Fujitsu, as the company seeks to centralize operations.

By having Fujitsu take integrated responsibility for the datacenter services business and strengthening the governance of the entire business, Fujitsu aims to accelerate decision-making, optimize investments, and increase product development capabilities. Fujitsu will also clarify points of contact with the customer and raise the quality of services, as it aims for further growth of the datacenter services business. Moreover, Fujitsu will enhance the competitiveness of its digital services by strengthening coordination between datacenters operated as a common platform under centralized governance, as well as through the coordination of a variety of digital services and systems integration services, and by pursuing the delivery of services with more added value.

Following the Company Split, Fujitsu FIP will continue to deliver systems integration services, professional services, and SaaS, as an IT services subsidiary with specialized strengths in such fields as retailing and distribution, healthcare, and local government.