Fujitsu Concludes Share Transfer Agreement Concerning the Mobile Phone Retail Store Business

Fujitsu Limited today announced that it has agreed to transfer its shares in the new company which will succeed the mobile phone retail store business of Fujitsu Personal System Limited (FJP) to T-Gaia Corp., executing an agreement with T-Gaia to this end. The companies aim to conduct the share transfer on November 2, 2020.

FJP has been selling PCs, servers, software, and peripherals as well to corporate customers through sales partners. FJP will continue these businesses to meet the needs of customers.

Overview of Transfer of Mobile Sales Business

FJP will transfer its mobile sales business, including all shares of its subsidiary Fujitsu Personal Retail Service Co., Ltd., to a new subsidiary company (mobile sales company) of Fujitsu Limited (FJ) through a company split, and it will become a member of the T-Gaia Group by FJ’s transferring all of its shares in the mobile sales company to T-Gaia.

The mobile sales company possesses a wealth of knowhow concerning the operation of NTT DOCOMO’s docomo shops and operates more than 110 docomo Shops nationwide. They also have a track record of selling mobile phones and providing related services to corporate customers. T-Gaia is one of Japan’s largest primary distributor for telecommunications carriers operating in Japan and internationally. Going forward, the business base will be expanded, which includes the store network and sales capabilities of both companies. Leveraging synergies between the two companies in the area of enterprise solutions, such as Internet of Things, will also contribute to an expansion of business.

Overview of new Mobile Sales Company (Scheduled for November 2, 2020)

  • Company Name: TBD
  • Business Overview: Sales of mobile phone units
  • HQ Location: Tokyo, Minato Ward
  • CEO: Yasuhiro Shirataki
  • Date Est.: Scheduled for early September
  • Capital: Ten million yen
  • Shareholder: T-Gaia Corp. 100%(Planned transfer from Fujitsu Limited on Nov. 2nd, 2020)
  • No. Employees: Appx. 910