Legend Holdings Corporation (03396) announced that its subsidiary, Lenovo Group Limited (00992), has revised the existing annual cap for a manufacturing and supply chain agreement with Fujitsu and renewed several continuing connected transaction agreements. The adjustments follow a larger-than-expected volume of printer orders at Fujitsu Client Computing Limited (FCCL), which Lenovo holds a 51.00% stake in, with Fujitsu retaining 49.00%.

Under the updated arrangements, the annual cap for the financial year ending March 31, 2026, related to manufacturing and supply chain management services provided by Fujitsu Isotec Limited (FIT) has been raised from JPY503.00 million (US$3.25 million) to JPY554.00 million (US$3.58 million). This revision accounts for higher printer order volume received by FCCL to date.

For the financial year ending March 31, 2027, the newly approved caps include JPY319.00 million (US$2.06 million) in income for transitional services provided to Fujitsu, JPY3,966.00 million (US$25.59 million) in expenses for receiving transitional services from Fujitsu, JPY623.00 million (US$4.03 million) in expenses for manufacturing services from FIT, JPY190,120.00 million (US$1,227.64 million) in income from product sales to Fujitsu, and JPY692.00 million (US$4.47 million) in royalties payable to Fujitsu. The term of the relevant agreements has been extended to May 1, 2027, maintaining the same terms and conditions as before.

According to the announcement, the new measures aim to secure FCCL’s ability to meet customer demand in computing devices and related services while continuing to leverage Fujitsu’s recognized brand and resources. The arrangements are presented as beneficial to Legend Holdings and its shareholders, with all relevant transactions conducted on normal commercial terms. All required approvals were obtained, and no director was required to abstain from voting on the relevant board resolutions.