Fujitsu 2014 Annual Report Download - page 134

For the year ended March 31, 2014
Gain on Sales of Investment Securities
Gain on sales of investment securities primarily consists of sales of available-for-sale securities, including shares in Kyowa Exeo Corpora-
tion and Yokohama Rubber Co., Ltd., as well as sales of shares in affiliate Fujitsu General Limited, in accordance with Fujitsu General’s
solicitation to repurchase its own shares.
Gain on Sales of Property, Plant and Equipment and Intangible Assets
Gain on sales of property, plant and equipment and intangible assets primarily consists of sales of underutilized real estate adjacent to
the Akashi Plant and sales of underutilized real estate of the Minami-Tama Plant.
Restructuring charges
Losses of ¥21,069 million ($204,553 thousand) were recorded in relation to the structural reforms of the LSI device business, of which
¥7,056 million ($68,504 thousand) are losses on the transfer and integration of businesses and ¥14,013 million ($136,049 thousand)
are from the restructuring of 200 mm line and other standard logic device production facilities of the Mie Plant and facilities in the Aizu-
Wakamatsu region. The loss on the transfer and integration of businesses primarily consists of expenses to cover the settlement of
retirement benefit obligations and losses on the disposal of assets for the system LSI business, for which the Group signed a memoran-
dum of understanding with Panasonic Corporation and Development Bank of Japan (DBJ), in which it has agreed to integrate its system
LSI (SoC) business with that of Panasonic in a new fabless company to be established, to which DBJ will provide equity capital and debt
financing. The loss associated with the restructuring of the standard logic device production facilities primarily consists of expenses for
consolidating the 200 mm production lines and losses on the disposal of assets.
In addition, ¥4,912 million ($47,689 thousand) in charges were recorded for losses on the disposal of assets and the costs of real-
locating employees in relation to the integration of production sites in the mobile phone business. Regarding businesses outside of
Japan, ¥4,215 million ($40,922 thousand) in charges were recorded for losses on workforce rationalization primarily in the Nordic region.
The restructuring charges include impairment losses of ¥3,139 million ($30,476 thousand) recorded for the LSI device business and
the mobile phone business.
Loss on Reversal of Foreign Currency Translation Adjustments
Loss on the reversal of foreign currency translation adjustments stemming from the liquidation of a US subsidiary, Fujitsu Management
Services of America, Inc.
Impairment Loss
Impairment losses primarily from the following asset groups are recorded.
Purpose: Idle assets
Category: Software, buildings, machinery and equipment and other fixed assets
Location: Kanagawa and Tochigi prefectures, Japan
Purpose: Production facilities for the printed circuit board business
Category: Machinery and equipment and other fixed assets
Location: Vietnam
Purpose: Development/production facilities for the power electronics system
Category: Buildings, machinery and equipment and other fixed assets
Location: Kanagawa and Fukushima prefectures, Japan
In principle, the Group’s business-use assets are grouped based on units that management uses to make decisions, and idle assets
are grouped on an individual asset basis.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
132 FUJITSU LIMITED ANNUAL REPORT 2014