Fujitsu Ld Results of ERIP Implementation (4055F)

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RNS Number : 4055F

Fujitsu Ld

23 May 2013

Fujitsu Limited

May 23, 2013

Fujitsu Reports Results of Early Retirement Incentive Plan Implementation

Tokyo, May 23, 2013 - Fujitsu today announced the results of its Early Retirement Incentive Plan implemented by Fujitsu and its wholly owned subsidiary, as announced on March 28, 2013.

1. Outline of Early Retirement Incentive Plan

a. Managerial Level of Fujitsu Group Companies in Japan

   (1) Coverage:                             Managerial level, aged 50 and over as of June 30, 2013 
   (2) Number of employees:           Approximately 300 (anticipated) 
   (3) Enrollment period:                 April 22, 2013 to May 17, 2013 
   (4) Retirement date:                   By June 30, 2013 

(5) Support: Expand the existing work redeployment program and provide additional retirement benefits. Furthermore, offer assistance in finding new employment through employment agencies.

b. Semiconductor Business in Japan

   (1) Coverage:                            Employees of the Fujitsu Semiconductor (FSL) Group 
   (2) Number of employees:          Approximately 1,600 (anticipated) 
   (3) Enrollment period:                April 17, 2013 to April 26, 2013 
   (4) Retirement date:                  June 30, 2013 (in principle) 

(5) Support: Additional retirement benefits and assistance in finding new employment through employment agencies

2. Results of Early Retirement Incentive Plan Implementation

   a. Managerial Level of Fujitsu Group Companies in Japan                   491 employees 

b. Semiconductor Business in Japan 1,963 employees

3. Impact on Financial Projections

The extraordinary loss incurred as a result of the implementation of the above plans has been recorded in Fujitsu Limited's consolidated financial results for fiscal 2012, ended March 31, 2013.

4. Overview of Fujitsu Semiconductor Limited

Fujitsu Semiconductor Limited

   (1) Location of head office:          Yokohama, Kanagawa, Japan 
   (2) President:                             Haruki Okada 
   (3) Shareholders' equity:             60.0 billion yen 
   (4) Business description:            Design, development, manufacturing, and sale of LSI products, 

including microcontrollers, ASICs, ASSPs, and power supply ICs.

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. Approximately 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 4.4 trillion yen (US$47 billion) for the fiscal year ended March 31, 2013. For more information, please see http://www.fujitsu.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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