Fujitsu 2008 Annual Report Download - page 125

Download and view the complete annual report

Please find page 125 of the 2008 Fujitsu annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

<Resolution of shareholders’ meeting on June 26, 2001>
Position and number of people entitled to stock options 32 directors
18 executives with director-level responsibilities
Number of shares for stock options 1,360,000 shares of common stock
Date granted August 1, 2001
Conditions to be vested Not specified
Corresponding service period Not specified
Exercisable period From August 1, 2001 to June 26, 2011
Number of
shares
Years ended March 31 2007 2008
Outstanding at beginning of year 715,000 535,000
Granted during the year — —
Forfeited during the year 180,000 100,000
Exercised during the year — —
Expired during the year — —
Outstanding at end of year 535,000 435,000
Exercisable at end of year 535,000 435,000
Yen U.S. Dollars
Years ended March 31 2007 2008 2008
Exercised price ¥1,450 ¥1,450 $14.50
A new accounting standard for stock options has been applied in Japan for the year ended March 31, 2007.
Stock options that have been granted after the enforcement date of the Japanese Corporate Law (May 1, 2006)
have to be measured at fair value and charged to income for each fiscal year and accounted for as share warrants in
the net assets of the consolidated balance sheets until they are exercised or forfeited. The above stock options were
granted before the enforcement date of the Japanese Corporate Law and were not recognized in the consolidated
balance sheets.
22. Business Combinations
Shift of Consolidated Subsidiaries to Wholly Owned Subsidiaries through an Exchange of Shares
1. Names and Lines of Business of the Companies Combined, Legal Framework
1) Names and Lines of Business of Companies Combined
(i) Names of companies combined:
Fujitsu Limited and its subsidiaries Fujitsu Access Limited, Fujitsu Devices Inc. and Fujitsu Wireless
Systems Limited
123
ANNUAL REPORT 2008FUJITSU LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS