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2. Period for Which the Acquired Company’s Financial Results Are Included in Consolidated Results
April 1, 2009–March 31, 2010
3. Acquisition Cost and Breakdown
Yen (millions)
Acquisition cost ¥54,566
Cash: ¥53,740 million; Related costs: ¥826 million
4. Amount of Goodwill; Reason for Recognition; Amortization Method and Period
Yen (millions)
Amount of Goodwill: ¥62,468
Reason for Recognition: The acquisition cost exceeded the fair value of the net assets of the acquired
company at the time of the business combination, and the difference
between these values is recognized as goodwill.
Amortization Method, Period: Straight-line method over 10 years
5. Assets Acquired and Liabilities Assumed in the Business Combination
Yen (millions)
Current assets ¥276,694
Non-current assets 79,047
Total assets 355,741
Current liabilities 256,679
Long-term liabilities 101,797
Total liabilities 358,476
6. Amount and Account of Acquisition Cost Expensed as R&D Costs, etc.
Yen (millions)
Selling, general and administrative expenses ¥4,639
n Conversion of FDK Corporation into a Consolidated Subsidiary of the Company through Subscription to Private Placement
1. Name and Business Description of the Acquired Business; Principal Reasons for Carrying Out the Business Combination; Date of the
Business Combination; Legal Form of the Business Combination and the Name of the Business Subsequent to the Combination;
Percentage of Voting Rights Held
1) Name and Business Description of the Acquired Business
Name of the acquired business: FDK Corporation (“FDK”)
Business description: Manufacture and sale of electronic components, batteries and related products
2) Principal Reasons for Carrying Out the Business Combination
To respond to the changes taking place in the marketplace, FDK (listed on second section, Tokyo Stock Exchange) has under-
taken reforms of its business structure with the aim of leveraging its materials technologies to strengthen its products lineup,
particularly power systems and high frequency devices. The sharp downturn in worldwide economic conditions starting from the
second half of fiscal 2008, however, has had a severe impact on the business of FDK. As a result of recording a large loss in the
third quarter of fiscal 2008 (October through December 2008), FDK’s liabilities exceeded its assets. The Company, in addition to
its transactions with FDK, such as the purchase of its products, provides financial support to FDK, and as FDK’s major share-
holder, creditor and customer, accordingly believes that, from the standpoint of maintaining the Company’s corporate value, it is
necessary to eliminate the material adverse effect on FDK’s business activities that might occur if its capital deficiency should
continue. By the Company subscribing to the private placement to increase the capital of FDK, FDK will be in a stronger position
to successfully implement its structural reforms and attain the targeted expansion of its business.
134 FUJITSU LIMITED ANNUAL REPORT 2011
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS