Fujitsu acquires outstanding 20% stake from Toshiba and converts the device unit to wholly owned subsidiary: http://bit.ly/IpBDpB

As the consolidation continues, this move does not come as much of a surprise.. [Eds]

Press Release

Tokyo, April 2, 2012 — Fujitsu Limited and Toshiba Corporation today announced that, as of April 1, 2012, Fujitsu has acquired Toshiba’s ownership stake in Fujitsu Toshiba Mobile Communications Limited, which develops and sells mobile phones for KDDI and other carriers. As a result, Fujitsu Toshiba Mobile Communications has been converted into a wholly owned subsidiary of Fujitsu.

Reason for making the company a wholly owned subsidiary of Fujitsu

With respect to the merger of the mobile phone businesses of Fujitsu and Toshiba, in October 2010 Fujitsu received an ownership stake of 80.1% in Fujitsu Toshiba Mobile Communications, making the company a consolidated subsidiary of the Fujitsu Group.

Fujitsu has now received Toshiba’s 19.9% ownership stake, establishing Fujitsu Toshiba Mobile Communications as a wholly owned subsidiary of Fujitsu.

Due to the conversion of Fujitsu Toshiba Mobile Communications into a wholly owned subsidiary of Fujitsu, as of April 1, 2012, the company’s name has been changed to Fujitsu Mobile Communications Limited.

Company Name - Fujitsu Mobile Communications Limited
Capital - 450 million yen
Holding Ratio - 100% Fujitsu Limited
Representative - Nobuo Otani, Corporate Senior Vice President, Fujitsu Limited
Head Office - 4-1-1 Kamikodanaka, Nakahara-ku, Kawasaki-shi, Kanagawa-ken, Japan
No. of Employees – Approximately 300 (As of March 31, 2012)
Business Description - Design, development, and sales of mobile phones

Related posts:

1. Fujitsu to Acquire Toshiba Mobile
2. Fujitsu & Toshiba Handset Merger
3. Toshiba, Fujitsu Get Bluetooth Certification
4. Sony to Acquire Ericsson Share
5. SoftBank to Acquire eAccess in Share Swap

Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.

Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!