Fujitsu’s PC business will be officially called Fujitsu Client Computing Limited from February 2016 whereas the smartphone will be called Fujitsu Connected Technologies Limited.
Both companies will manage eight thousends ordinary shares, which will belong to Fujitsu. Will receive the assets, liabilities, contractual status, and other rights and obligations concerned with their businesses. They will invest ¥400 million ($33.206 million) each new units.
Fujitsu is also announcing the revenue each new subsidiary would have generated had it been a separate entity beforehand. Fujitsu Client Computing Limited would have had revenue of ¥303.3 billion ($2.5178 billion) in 2015 (ending in March 2015), which indicates that would be a a large supplier of Computer and tablets.
The new subsidiary will get from its parent are worth around ¥26.1 billion ($216.66 million). Fujitsu Connected Technologies in FY2015 totaled ¥157.1 billion ($1.304 billion) earned, and the subsidiary's assets will worth ¥11.9 billion ($98.787 million).
Fujitsu has said that desktop and notebook PCs, and smartphone products, are facing ongoing commoditization, which makes it increasingly hard to differentiate own brand products and compete against global manufacturers. The company indicated that splitting PC and smartphone units from the parent would create two integrated systems “covering all aspects of research, development, design, manufacturing, sales, planning, and after-sales services”. Besides this, the plan will help to “clarify management accountability” should aid Fujitsu to enable management decisions quicker than before, and the goal being to increase efficiency.
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