Fujitsu 2001 Annual Report Download - page 49

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47
20. Subsequent events
At the Board of Directors’ meeting held on May 25, 2001, the Company and its subsidiary, Fujitsu Systems
Construction Ltd. decided to execute exchange offer procedures, under which the Company made Fujitsu Systems
Construction Ltd. a wholly owned subsidiary, in order to reorganize the function of network system engineering
within the Group. The share exchange ratio was one share of Fujitsu Systems Construction Ltd. for 0.741 shares of
the Company’s common stock. For dividends purpose, it is deemed that newly issued shares were issued at April 1,
2001. As a result, the common stock of the Company increased by ¥264 million ($2,129 thousand) to ¥314,916
million ($2,539,645 thousand). The effect on net income caused by these exchange offer procedures was
immaterial.