Fujitsu (TYO:6702) will transfer its photonics and mobile systems business to a newly established subsidiary, 1FINITY Inc., through a company split effective July 1, according to a Thursday filing on the Tokyo Stock Exchange.
The move aligns with Fujitsu's strategy to strengthen its portfolio and accelerate innovation in global markets.
The target business includes photonics systems like 1FINITY and FLASHWAVE, and mobile network products. The split will not affect Fujitsu's financial results significantly. 1FINITY will operate as an independent company, wholly owned by Fujitsu.
Fujitsu shares gained over 5% in morning trade Friday.
Price (JPY): $3089.00, Change: $+150, Percent Change: +5.10%
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