TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
Home
Press release
Aug 31, 2020 16:35 JST
Source:
Fujitsu Ltd
Fujitsu Concludes Share Transfer Agreement Concerning the Mobile Phone Retail Store Business
TOKYO, Aug 31, 2020 - (JCN Newswire) - Fujitsu Limited today announced that it has agreed to transfer its shares in the new company which will succeed the mobile phone retail store business of Fujitsu Personal System Limited (FJP) to T-Gaia Corp., executing an agreement with T-Gaia to this end. The companies aim to conduct the share transfer on November 2, 2020.
FJP has been selling PCs, servers, software, and peripherals as well to corporate customers through sales partners. FJP will continue these businesses to meet the needs of customers.
Overview of Transfer of Mobile Sales Business
FJP will transfer its mobile sales business, including all shares of its subsidiary Fujitsu Personal Retail Service Co., Ltd., to a new subsidiary company (mobile sales company) of Fujitsu Limited (FJ) through a company split, and it will become a member of the T-Gaia Group by FJ's transferring all of its shares in the mobile sales company to T-Gaia.
The mobile sales company possesses a wealth of knowhow concerning the operation of NTT DOCOMO's docomo shops and operates more than 110 docomo Shops nationwide. They also have a track record of selling mobile phones and providing related services to corporate customers. T-Gaia is one of Japan's largest primary distributor for telecommunications carriers operating in Japan and internationally. Going forward, the business base will be expanded, which includes the store network and sales capabilities of both companies. Leveraging synergies between the two companies in the area of enterprise solutions, such as Internet of Things, will also contribute to an expansion of business.
Overview of new Mobile Sales Company (Scheduled for November 2, 2020)
Company Name: TBD
Business Overview: Sales of mobile phone units
HQ Location: Tokyo, Minato Ward
CEO: Yasuhiro Shirataki
Date Est.: Scheduled for early September
Capital: Ten million yen
Shareholder: T-Gaia Corp. 100%(Planned transfer from Fujitsu Limited on Nov. 2nd, 2020)
No. Employees: Appx. 910
About Fujitsu
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 130,000 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 3.9 trillion yen (US$35 billion) for the fiscal year ended March 31, 2020. For more information, please see www.fujitsu.com.
Source: Fujitsu Ltd
Sectors: Cloud & Enterprise
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Fujitsu Tech Leverages AI and Underwater Drone Data for 'Ocean Digital Twin'
March 26 2024 09:24 JST
Fujitsu Limited announces recruitment plans
March 19 2024 09:34 JST
Fujitsu and AWS will launch a new Modernization Acceleration Joint Initiative to enable customers across industries to drive digital transformation with fast and secure legacy modernization
March 18 2024 15:12 JST
Japanese joint research group win Prime Minister's Award with ultra high-performance computing platform using jointly developed 64-qubit quantum computer
March 15 2024 09:19 JST
Fujitsu and Tokai National Higher Education and Research System collaborate on AI-based space weather research
March 14 2024 09:21 JST
GMO Research Activity Support & Technology launches brain MRI analysis tool developed on world class supercomputer Fugaku with Fujitsu Computing as a Service (CaaS)
March 12 2024 09:20 JST
Fujitsu and Carnegie Mellon University develop AI-powered social digital twin technology with traffic data from Pittsburgh
March 07 2024 09:25 JST
Fujitsu and Celonis Expand Strategic Global Partnership
February 26 2024 14:40 JST
Fujitsu introduces "Uvance Wayfinders", expanded and strengthened consulting capabilities to deliver cross-industry business value
February 22 2024 11:05 JST
Fujitsu delivers new supercomputer system to Japan Meteorological Agency to improve prediction accuracy for typhoons and torrential rain
February 21 2024 15:38 JST
More Press release >>
Latest Press Release
Mitsubishi Shipbuilding Receives Order from the University of Tokyo for "MiPoLin" Power Prediction and Lines Selection System
Mar 28, 2024 16:45 JST
Mitsubishi Logisnext Completes Demonstration of Automated Truck Loading, Leading to Start of Actual Operations in Japan
Mar 28, 2024 13:52 JST
Toyota Releases Sales, Production, and Export Results for February 2024
Mar 28, 2024 13:35 JST
TANAKA to Install 500 kW Fuel Cell System to Promote the Use of Hydrogen Energy at Production Plants
Mar 28, 2024 03:00 JST
PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles
Mar 27, 2024 15:13 JST
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy System
Mar 27, 2024 15:00 JST
TANAKA Holdings Announces Green Loan Financing for Construction of New Head Office Building
Mar 27, 2024 03:00 JST
JFE Steel and Hitachi Jointly Started Providing Solutions for the Steel Industry
Mar 26, 2024 19:04 JST
La Banque Postale and JCB join forces to elevate payments experience for travellers in France
Mar 26, 2024 15:00 JST
Fujitsu Tech Leverages AI and Underwater Drone Data for 'Ocean Digital Twin'
Mar 26, 2024 10:24 JST
NEC develops marketing strategy planning & effectiveness simulation technology using generative AI
Mar 25, 2024 10:08 JST
Toyota to Open New Tokyo Head Office in Shinagawa in FY2030
Mar 22, 2024 16:15 JST
Hitachi Selected as CDP Supplier Engagement Leader for the Third Consecutive Year
Mar 22, 2024 16:04 JST
Mitsubishi Motors Celebrates Production of 100,000th fully electric minivehicle
Mar 22, 2024 15:34 JST
JCB and AEON Credit Service Indonesia Launch the AEON JCB Precious Card
Mar 22, 2024 15:00 JST
JCB Issues White Paper on Calculating CO2 Emissions by Payment Method in Japan
Mar 22, 2024 12:00 JST
NEC and NTT successfully conduct first-of-its-kind long-distance transmission experiment over 7,000km using 12-core optical fiber
Mar 22, 2024 08:38 JST
Lifenet and Eisai Co-Develop Dementia Insurance "be"
Mar 21, 2024 17:36 JST
Toyota: Clarification of the Roles of and Expectations for Outside Executives, Revision of the Independence Assessment Criteria, and the Changes to Members of the Board of Directors and the Audit and Supervisory Board Members following the 120th Ordinary General Shareholders' Meeting
Mar 21, 2024 16:47 JST
Sales of Evolved GR Yaris to Start in April, While Purchasing Lotteries for WRC Driver-supervised Special Editions Start Today
Mar 21, 2024 16:31 JST
More Latest Release >>