Fujitsu ( (JP:6702) ) has issued an announcement.
Fujitsu has successfully completed a tender offer for shares of its consolidated subsidiary, SHINKO ELECTRIC INDUSTRIES CO., LTD., in collaboration with JICC-04, Ltd. This move is part of a strategic plan to take SHINKO private, impacting Fujitsu’s financial results significantly. The company expects to record substantial gains from the sale of subsidiaries’ stocks, classifying SHINKO’s business as discontinued operations, which will influence its financial statements for the fiscal year ending March 31, 2026.
More about Fujitsu
Fujitsu is a leading digital services company in Japan, specializing in computing, networks, AI, data & security, and converging technologies. With a presence in over 100 countries, Fujitsu aims to drive sustainability through innovation, generating consolidated revenues of 3.7 trillion yen for the fiscal year ended March 31, 2024.
YTD Price Performance: 15.38%
Average Trading Volume: 5,318
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $38.01B
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