yNews@Releasez
February 28, 2002


TIANJIN@FUJITSU@TEN@Opens@Shanghai@Branch


TIANJIN@FUJITSU@TEN@ELECTRONICS CO, LTD. (hereafter referred to as TIANJIN FUJITSU TEN) (head office: Tianjin, president: Mitsuyoshi Horiba, capital: US$8,720,000), a Chinese affiliate of FUJITSU TEN LIMITED (head office: Kobe, Hyogo, president: Takamitsu Tsuchimoto, capital: 5,300,000,000 yen), opens a branch in Shanghai for the purpose of expanding its parts procurement activities in China and strengthening its cost competitiveness.

The East China centering around Shanghai is concentrated with parts manufacturers. As a result, high-quality parts can be easily procured at lower cost in this area. The Shanghai branch will promote the procurement of parts used by TIANJIN FUJITSU TEN, and aims to achieve a local parts procurement rate of 65% in fiscal 2006.

Furthermore, the Shanghai branch will eventually expand procurement activities to serve as a parts supply base for the global FUJITSU TEN Group companies including those in Japan. This will strengthen the cost competitiveness of the entire FUJITSU TEN Group.

The Shanghai branch also plans to gradually develop its information gathering and marketing functions for the automobile market in China that is expected to grow in the near future.


yOutline of TIANJIN FUJITSU TEN's Shanghai Branchz
1. Name: Shanghai Branch, TIANJIN FUJITSU TEN ELECTRONICS CO., LTD.
2. Address: 15rd Floor,HSBC Tower,101 Yin Cheng East Road,Pudong New Area,Shanghai,China
Tel.: +86-21-6841-1236/Fax: +86-21-5066-3293
3. Representative: Chang Jing
4. Date of establishment: March 1, 2002
5. Number of employees: 2 person (at the time of opening)



yOutline of TIANJIN@FUJITSU@TENz

1. Name: TIANJIN FUJITSU TEN ELECTRONICS CO., LTD
2. Address: No.5 Second Avenue Huang Hai, TEDA, Tianjin, China
3. Capital: US$8,720,000
4. Representative: Mitsuyoshi  Horiba, president
5. Date of establishment: December 21, 1995
6. Date of business commencement: May 20, 1997
7. Business line: Manufacturing, processing and sales of electronic automotive devices and ertinent parts, and related services
8. Products: Car audio products, CD deck mechanisms and speakers
9. Number of employees: 1,000 persons (as of December 31, 2001)
10. Production output: 6,300,000,000 yen(in fiscal year ended March 31, 2001)


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.