Fujitsu's Shinko Electric Industries tender offer concludes successfully

Fujitsu Limited (TSE: 6702) announced the successful completion of the tender offer by JICC-04 Inc. for shares of its consolidated subsidiary, Shinko Electric Industries Co., Ltd. The tender offer, which commenced on February 18, 2025, concluded on March 18, 2025, with the total number of shares tendered exceeding the minimum required, leading to its successful completion. Fujitsu plans to transfer its remaining shares of Shinko through share repurchases by Shinko in the fiscal year ending March 31, 2026. Fujitsu anticipates recording approximately ¥250.0 billion as gain on sales of subsidiaries' and affiliates' stocks (extraordinary income) for the fiscal year ending March 31, 2026, on a non-consolidated basis, and approximately ¥150.0 billion on a consolidated basis. As a result of the tender offer, Fujitsu will classify Shinko and its subsidiaries as discontinued operations in the fiscal year ending March 31, 2025.