Fujitsu Ltd. to Reorganize European Units, Liquidate U.K.-Based Holding Company
Provided by
Dow Jones
By Kosaku Narioka
Fujitsu Ltd. plans to reorganize its legal structure of European subsidiaries and liquidate a U.K.-based holding company.
The Japanese electronics and technology company said Thursday that it would book valuation loss of about 80 billion yen ($528.7 million) as a result of the liquidation of Fujitsu Services Holdings on nonconsolidated results.
Fujitsu said that in consolidated results, the valuation loss would be eliminated and that it expects to book a drop in tax expenses of about Y130 billion.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
March 28, 2024 03:32 ET (07:32 GMT)
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