Fujitsu and Toshiba today announced that, as of April 1,
2012, Fujitsu has acquired Toshiba's ownership stake in
Fujitsu Toshiba Mobile Communications Limited, which
develops and sells mobile phones for KDDI and other
carriers.
As a result, Fujitsu Toshiba Mobile Communications has
been converted into a wholly owned subsidiary of Fujitsu.
With respect to the merger of the mobile phone businesses
of Fujitsu and Toshiba, in October 2010 Fujitsu received
an ownership stake of 80.1% in Fujitsu Toshiba Mobile
Communications, making the company a consolidated
subsidiary of the Fujitsu Group.
Fujitsu has now received Toshiba's 19.9% ownership stake,
establishing Fujitsu Toshiba Mobile Communications as a
wholly owned subsidiary of Fujitsu.
Fujitsu Toshiba Mobile Communications will be named
Fujitsu Mobile Communications Limited.