OREANDA-NEWS. August 26, 2011.   Fujitsu Limited has announced that its Board of Directors today decided to liquidate its specified subsidiary, Fujitsu International Finance (Netherlands) B.V. ("FIF").
1. Reason for Liquidation

FIF was established to conduct Group financing activities in Europe. Now, however, because its Group financing role has concluded, Fujitsu made the decision to liquidate FIF.
2. Company Outline
Name: Fujitsu International Finance (Netherlands) B.V.
Representative: Masao Kasugai, Managing Director
Head Office Location: Atrium, Strawinskylaan 3105, 1077 ZX, Amsterdam, The Netherlands
Date of Establishment: May 4, 1988
Business Activities: Group financing for overseas affiliates
Capital: Euro 265,341,955.86
Ownership of Shares: 100% Fujitsu Limited
Number of Shares Issued: 584,737 shares
Financials for the Past Three Fiscal Years Ended March 31
Financials for the Past Three Fiscal Years Ended March 31 (million yen)  2009 2010 2011
Net Sales 26 3 3
Operating Income 17 -5 -8
Ordinary Income 869 13 -8
Net Income 862 12 -1
Net Income (per share) 0.001 0 0
Total Assets 4,422 4,264 4,003
Net Assets 4,405 4,251 3,998
Net Assets (per share) 0.01 0.01 0.01
Dividend (per share) - - -

3. Schedule

Liquidation to be completed as of March 31, 2012 (planned)
4. Impact on Financial Results

The liquidation of FIF will elicit no impact on income before income taxes and minority interests. However, including the effect of foreign exchange fluctuations, Fujitsu anticipates a decline of approximately \10.0 billion in income taxes in line with this liquidation.

In addition, because this impact was already factored into the consolidated first-half and full-year forecasts for the fiscal year ending March 31, 2012, as stated in FY 2011 First-Quarter Financial Results announced on July 28, 2011, earnings projections will not be revised.
About Fujitsu

Fujitsu is a leading provider of information and communication technology (ICT)-based business solutions for the global marketplace. With approximately 170,000 employees supporting customers in over 100 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 4.5 trillion yen (USUSD55 billion) for the fiscal year ended March 31, 2011. For more information, please see: www.fujitsu.com.