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    6702   JP3818000006

FUJITSU LIMITED

(6702)
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Delayed Japan Exchange  -  02:00 2022-08-12 am EDT
17155.00 JPY    0.00%
08/10Nikkei 225 Down 0.6% on Tech Slump
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08/02UBS Adjusts Fujitsu's Price Target to 25,000 Yen to 27,600 Yen, Keeps at Buy
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08/01MARKETSCREENER’S WORLD PRESS REVIEW : August 1, 2022
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Notice of postponement of closing date for transfer of shares in Fujitsu subsidiary

06/17/2022 | 07:27am EDT

Fujitsu Limited ('Fujitsu') announced on April 28, 2022 its decision to transfer 80% of shares in PFU, a wholly owned subsidiary of Fujitsu, to RICOH (Ricoh Co., Ltd.) on July 1, 2022.

However, Fujitsu has announced today that the closing date of the share transfer is now expected to change as follows.

1.	Contents of the change

There is no change in the policy of both Fujitsu and Ricoh to execute the share transfer based on the

Share Transfer Agreement.

2.	Reason for the change

It will take longer than anticipated for the Fair Trade Commission to examine the business combination,

upon which the Share Transfer is premised.

Press Contacts:

Fujitsu Limited

Public and Investor Relations Division

Inquiries: https://www.fujitsu.com/global/about/resources/news/presscontacts/form/index.html

About Fujitsu

Fujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com

Before the change After the change

July 1, 2022 (scheduled)

Share transfer will be conducted promptly

upon receiving notification from Japan's Fair

Trade Commission that a cease-and-desist

order will not be issued, and upon completion

of necessary preparations.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
FUJITSU LIMITED 0.00% 17155 Delayed Quote.-13.05%
RICOH COMPANY, LTD. 0.00% 1120 Delayed Quote.4.58%
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Financials
Sales 2023 3 744 B 28 020 M 28 020 M
Net income 2023 252 B 1 884 M 1 884 M
Net cash 2023 329 B 2 465 M 2 465 M
P/E ratio 2023 13,2x
Yield 2023 1,40%
Capitalization 3 371 B 25 233 M 25 233 M
EV / Sales 2023 0,81x
EV / Sales 2024 0,76x
Nbr of Employees 124 216
Free-Float 91,4%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 17 155,00 JPY
Average target price 22 762,67 JPY
Spread / Average Target 32,7%
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Managers and Directors
Takahito Tokita President, CEO & Representative Director
Takeshi Isobe Executive Officer, GM-Finance & Accounting
Yuzuru Fukuda Chief Information Officer
Vivek Mahajan Chief Technology Officer & Executive Officer
Hidenori Furuta COO, Representative Director & Vice President
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