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Establishment of a manufacturing company in Indonesia for car audio related products and automobile electronic control equipment and the establishment of a vendor through a joint venture with an on-site enterprise
-Aiming for sales of ¥10 billion in the same country's market in FY 2015-

Aug. 10, 2012
FUJITSU TEN LIMITED


Signing ceremony of the "joint venture" vendor

Signing ceremony of the "joint venture" vendor
(left:Takashi Shigematsu right:Steven Saputra)

Fujitsu Ten Limited (Head office: Kobe City, Hyogo Prefecture, President & Representative Director: Takashi Shigematsu, Capital: ¥5.3 billion), along with establishing a manufacturing company in Indonesia for car audio related products and automobile electronic control equipment, is establishing a vendor through a joint venture with an on-site enterprise. Both are planned for establishment in October, 2012. By contributing to customers in the same country, we aim to expand our current business and acquire new business, and reach sales of ¥10 billion in FY 2015.
Regarding the vendor, yesterday (August 9th, 2012), we signed a joint-venture contract with our partner and agent in Indonesia, PT Anugrah Valova Electrindo (Head office: Special Capital Territory of Jakarta, Representative: Steven Saputra, abbreviated as AVE below).

Securing a foothold in a growing market -Factory starts operation in July, 2013

The manufacturing company will be established 100% through our investment, and we plan to build a factory with a total floor space of 11,000㎡ in the Bogor Regency of West Jawa. Operation will begin in July, 2013, and mass production will begin in December, 2013. The factory will produce car audio related products such as CD tuners and display audio, and automobile electronic equipment, such as engine control and airbag control electronic equipment. On the other hand, the vendor will be established in the Special Capital Territory of Jakarta through investment, 60% from our company and 40% from AVE. We plan to start business in October, 2012.

The Fujitsu Ten Group is aiming for the expansion of its overseas business, focused on emerging nations, and securing the foothold in Indonesia is a part of this. At our Group, along with strengthing our business basis through establishing a production structure on-site, we continue to quickly respond to the changes of the market, such as actively promoting the release of merchandise that matches our customers' needs at lower prices, and we answer the expectations of our customers.


Outline of the on-site corporations in Indonesia(planned)

  Manufacturing company Vendor
Company name PT. Fujitsu Ten Manufacturing Indonesia PT. Fujitsu Ten AVE Indonesia
Establishment October, 2012 October, 2012
Head office Bogor Regency of West Jawa Special Capital Territory of Jakarta
Capital Paid-in capital for the first fiscal year
130 billion rupiah (Approx. ¥1.2 billion)
Paid-in capital for the first fiscal year
10 billion rupiah (Approx. ¥90 million)
Plan until FY 2016
200 billion rupiah (Approx. ¥1.8 billion)
Plan until FY 2016
10 billion rupiah (Approx. ¥90 million)
Investment rate Fujitsu Ten: 100% Fujitsu Ten: 60%
AVE: 40%
Representative President Director:Takahisa Kinashi
(Currently) Fujitsu Ten Limited, Indonesia Business Department, Project General Manager
President Director:Nobuhiro Takahashi
(Currently) Fujitsu Ten Limited, Indonesia Business Department,Project Manager
Number of employees Approx. 70 (FY 2012)
Approx. 450 (FY 2016)
Approx. 20 (FY 2012)
Approx. 30 (FY 2016)
Work contents Development, design, and manufacturing of CI(*1) / AE(*2)/ AS(*3)products Marketing, sales, and post-sales service of CI(*1)・AE(*2)・AS(*3)products

Outline of PT Anugrah Valova Electrindo

Company name PT Anugrah Valova Electrindo
Head office Special Capital Territory of Jakarta
Representative President Director: Steven Saputra
Work contents Sales and post-sales service of automobile parts (Fujitsu Ten products such as car audio)
*Including its predecessor company, AVE has been active as an agent for Fujitsu Ten products for approximately 20 years.

Notes

(*1)  Abbreviation for Car Infotaintment. Includes car navigation and car audio. Infotainment is a created word which combines "information" and "entertainment".

(*2)  Abbreviation for Automotive Electronics. Includes engine control ECUs and airbag ECUs. ECU is an abbreviation for Electronics Control Unit.

(*3)  Abbreviation for Advanced Safety. It is a preventative safety system.


About FUJITSU TEN

FUJITSU TEN LIMITED(Headquarters/Kobe, Hyogo prefecture, Japan; Capital/5.3 billion yen), established in 1972 with investment from FUJITSU LIMITED, TOYOTA MOTOR CORPORATION, and DENSO CORPORATION, is a leading manufacturer of automotive electronic equipment. It is a globally-recognized manufacturer of car navigation and audio systems, ECU for engine and airbag control, and mobile communication equipment. Consolidated sales totaled 249 billion yen(US$3.11 billion) for the fiscal year ending March 31, 2012.
FUJITSU TEN is involved in the development of systems that use sensor technologies such as cameras and millimeter wave radar to detect obstacles near automobiles. It is expanding its business globally by fulfilling orders for genuine products for Toyota and other automobile manufactures both domestically and overseas.
For more information, see
FUJITSU TEN official site   http://www.fujitsu-ten.com/
FUJITSU TEN channel   https://www.youtube.com/FUJITSUTENLIMITED
FUJITSU TEN facebook   http://www.facebook.com/FUJITSUTENLIMITED


[Inquiries from the press]
Corporate Communications Dept.
FUJITSU TEN LIMITED
E-mail:pr@ten.fujitsu.com
TEL: +81-78-682-2170

The contents of a press release are as of the publication. Later, they are apt to be changed without notice. Thank you for understanding in advance.

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