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Latest press release

May 13, 2009

FOR IMMEDIATE RELEASE

Company name: FUJISOFT INCORPORATED

Representative: Haruhisa Shiraishi,President &                                                    Chief Operating Officer

(Securities Code: 9749 TSE 1st Sec.)

Contact:  Tatsuya Naito, Manager of Finance and                           Accounting Section, Corporate Planning Department

(Telephone) +81-45-650-8811

 

Notice of Dissolution of a Subsidiary

 

Tokyo, Japan - May 13, 2009 - FUJISOFT INC. (the “Company”) announces that FUJISOFT MEDICAL Inc., the Company’s subsidiary, will be dissolved in accordance with a resolution made at a meeting of its Board of Directors held today. Details are as follows.

 

1. Profile of the Subsidiary

 
(1) Company name: FUJISOFT MEDICAL Inc.
(2) Address of the head office: 2-19-7 Kotobashi, Sumida-ku, Tokyo
(3) Name of representative: Morio Nakamura
(4) Principal business: Manpower dispatch, agency business, educational business, and services
(5) Date of incorporation: August 1, 2007
(6) Capital: 140 million yen
(7) Total assets: 58 million yen (as of March 31, 2009)
(8) Major shareholders and shareholding: FUJISOFT INC. 78.57%
 

2. Reason for Dissolution

The Company established FUJISOFT MEDICAL Inc. (the “Subsidiary”) in August 2007 to engage in businesses that included services to help unemployed nurses return to work.
However, following a review of services to help unemployed nurses return to work, meant to be the Subsidiary’s mainstay business, because a business case for the services could not be established, the decision was made to withdraw from this business.

 

3. Schedule for Dissolution

Dissolution date: Friday, May 29, 2009 (plan)
Completion of the liquidation: August 2009 (plan)

 

4. Future Outlook

The dissolution of the Subsidiary will have minimal impact on the Company’s consolidated and non-consolidated operating results.


 
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