26.09.2003 – 11:50

Fujitsu Limited

euro adhoc: Fujitsu Limited
Fujitsu Transfers Partial Stake in Leasing Affiliate to Tokyo Leasing (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.

Fujitsu Transfers Partial Stake in Leasing Affiliate to Tokyo Leasing

Tokyo, September 26, 2003 -- Fujitsu Limited today announced that it
has agreed to sell 400,000 shares (representing 20% of total
outstanding shares) of the 900,000 shares it owns in its leasing
affiliate, Fujitsu Leasing Co., Ltd., to Tokyo Leasing Co., Ltd., and
today executed a contract to sell the shares.  As a result of the
sale, Fujitsu Leasing 's financial results will no longer be
consolidated in Fujitsu Limited 's financial reports, and instead
will be accounted for by the equity method for affiliate earnings.

Background of the Transfer

As the primary leasing company handling sales financing within the
Fujitsu Group, Fujitsu Leasing has sought to expand its leasing
business, focusing on IT-related equipment, with the sales
counterparts of other members of the Fujitsu Group as its main
customers.

To accommodate the increasingly diverse financing needs of customers,
especially the trend among financial institutions and other
corporations for systems outsourcing or other ways of keeping systems
assets off the balance sheet, Fujitsu has decided to collaborate with
Tokyo Leasing, which has extensive financing expertise.  This move
will strengthen Fujitsu Leasing 's operations
and the sales financing function within the Fujitsu Group.  In
conjunction with this collaboration, Tokyo Leasing will acquire a
partial equity stake in Fujitsu Leasing.

Following the sale, Fujitsu Limited will remain Fujitsu Leasing 's
largest shareholder, and the transaction entails no changes to
Fujitsu Leasing 's management executives or corporate name, nor does
it call for any change in Fujitsu Limited 's support for Fujitsu
Leasing.

Overview of Fujitsu Leasing
1. Company name: Fujitsu Leasing Co., Ltd.
2. Representative: Shinichi Sato, President
3. Address: 2-7-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo
4. Established: March 15, 1978
5. Fiscal year end: March 31
6. Employees: 115 (as of March 2003)
7. Main offices: branch locations in Hokkaido, Tohoku, Kanto,
Yokohama, Hokuriku, Nagano, Chubu, Kansai, Kobe, Chugoku, Shikoku,
and Kyushu
8. Capital: 1 billion yen
9. Outstanding shares: 2 million
10. Percentage of shares held by Fujitsu Limited: 45%
11. Most recent financial results (in billions of yen):

Years ended March 31        2001            2002              2003
Sales                      125.1            129.2            133.1
Operating Profit             3.4              4.2              4.5
Net Profit                   2.2              2.4              2.6
Total Assets               286.7            299.8            295.7

Overview of Tokyo Leasing
1. Company name: Tokyo Leasing Co., Ltd.
2. Representative: Masanori Ebihara, President
3. Address: Nittochi Nishishinjuku Bldg, 10-1,Nishishinjuku 6-chome,
Shinjuku-ku, Tokyo
4. Principal lines of business: Leasing, installment sales, rental,
loans and other financial services.

Terms of the Stock Transfer

Before transfer              After transfer
           Shares held    Percentage    Shares held    Percentage
                             held                          held

Fujitsu Limited 900,000       45         500,000               25

Tokyo Leasing         0        0         400,000               20
Others        1,100,000       55       1,100,000               55
    Total     2,000,000      100       2,000,000              100

Date of Transfer

Sales contract executed on September 26, 2003
Shares to be transferred on September 29, 2003

Impact on Profitability

Any impact this transfer has on the profits or losses of Fujitsu
Limited is expected to be minimal.

About Fujitsu

Fujitsu is a leading provider of customer-focused IT and
communications solutions for the global marketplace.  Pace-setting
technologies, highly reliable computing and telecommunications
platforms, and a worldwide corps of systems and services experts
uniquely position Fujitsu to deliver comprehensive solutions that
open up infinite possibilities for its customers' success.
Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported
consolidated revenues of 4.6 trillion yen (US$38 billion) for the
fiscal year ended March 31, 2003. For more information, please see:
www.fujitsu.com/

This information is provided by RNS
            The company news service from the London Stock Exchange

end of announcement        euro adhoc 26.09.2003

Further inquiry note:

For more information, please see: www.fujitsu.com

TEL:+81 (0) 3-6252-2176
FAX:+81 (0) 3-6252-2783
URL: http://pr.fujitsu.com/en/news/fjcontacts.html

Branche: Hardware
ISIN: JP3818000006
WKN: 0354912
Index:
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