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Fujitsu to Discontinue HDD Head Business

In Nagano, Japan, where 360 employees are working

This is a Press Release edited by StorageNewsletter.com on January 27, 2009 at 3:48 pm
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Fujitsu Limited will discontinue its hard disk drive (HDD) head business on March 31, 2009 as part of a broader strategic review of the HDD  operations.

The HDD head development and manufacturing operations are currently performed at the Nagano Plant. The company will reassign plant employees working in the HDD head operations to other operations within the Fujitsu Group.

The Nagano Plant also manufactures printed circuit boards for servers and telecommunications equipment, and will continue these operations after March 31.

Overview of Fujitsu HDD Head Business

  • Business: Development and manufacturing of HDD heads
  • Location: Nagano Plant (Nagano City, Nagano Prefecture)
  • Employees: Approximately 360

Impact on FY2008 Consolidated Financial Results
In relation to the discontinuation of the HDD head business, Fujitsu plans to recognize a one-time, facilities-related loss of  5.0 billion yen in the consolidated financial statements for the  third quarter of fiscal 2008 ended December 31, 2008.

Comments

This press release confirms the intention of Toshiba, potential buyer of the Fujitsu HDD operations, not to acquire the Nagano facility, North of Tokyo, producing disk heads, but to get only HDD assembly plants, one in Thailand and one in the Philippines.

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