Fujitsu : JGC to Transfer All Shares of J-SYS to Fujitsu

JGC Corporation (JGC), Fujitsu Limited (Fujitsu), and JGC Information Systems Co., Ltd. (J-SYS) announced that today JGC and Fujitsu have reached an agreement to transfer all shares of stock held by JGC of its wholly owned subsidiary J-SYS to Fujitsu on March 31, 2016.

J-SYS was established in 1983 when JGC spun off its information systems department as an independent company, and it has taken responsibility for developing information infrastructure and core information systems, as well as for providing operation and maintenance services, for companies in the JGC Group, including JGC itself. At the same time, J-SYS has also worked to develop its business in the fields of systems development, operation and maintenance services, and sales of packaged software, aiming at such customers as construction companies and public sector organizations.

In order for J-SYS to acquire more sophisticated technology and solutions capabilities, achieving growth as an information-communication technologies solutions company; provide the JGC Group with even higher quality systems and services; and strengthen its external-sales business for customers in the fields of construction and facilities-maintenance management, in the midst of the recent rapid evolution of ICT, JGC made the management decision that J-SYS could best develop its business as part of the Fujitsu Group, which provides ICT solutions worldwide using transformational technologies. By positioning J-SYS within the Fujitsu Group, JGC aims to increase its Group's competitiveness, benefiting from the provision of advanced and competitive services with regards to the development of information infrastructure and core information systems, as well as the provision of maintenance and operation services.

In addition, while providing more advanced and competitive ICT services to the JGC Group through J-SYS, Fujitsu aims to utilize the know-how J-SYS has accumulated in plant engineering business as the JGC Group's information systems subsidiary, to establish new IoT solutions and expand its external sales business to customers in the fields of construction and facilities-maintenance management.

By adding even more advanced technologies and solutions as a member of the Fujitsu Group to the business know-how it has built with the JGC Group, J-SYS will provide even higher-quality systems and services to its customers, including the JGC Group.

1. Name: JGC Information Systems Co., Ltd. (New company name TBD)
2. Location: 3-6-3 Minatomirai, Nishi-ku, Yokohama, Kanagawa Prefecture, Japan
3. Capital: JPY 400 million
4. Shareholder composition: JGC 100%
5. Expected starting date under the new organization: April 1, 2016
6. Main business: Systems development, operation and maintenance services, and sales of packaged software
7. Employees: Approximately 320 people

Fujitsu Ltd. issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 March 2016 04:45:27 UTC

Original Document: http://www.fujitsu.com/global/about/resources/news/press-releases/2016/0212-01.html