(Yicai Global) Dec. 15 – Fujitsu Ltd.'s efforts to restructure its business operations with Lenovo are under way and the company aims to conclude an agreement with Lenovo's personal computer division within fiscal year 2016, said Tatsuya Tanaka, president of the Japanese corporation.
Tanaka said talks would be held with Lenovo Group to avoid production base closures and job cuts while reviving the PC business, according to a Nihon Keizai Shimbun, a Japanese business daily, report yesterday.
In a bid to save its PC business from losing more market share, Fujitsu declared that it would start discussions with Lenovo on business cooperation in October. The report claims Fujitsu considers restructuring business operations with Lenovo, while retaining its own brand.
Fujitsu has allocated JPY100 billion (approximately USD870 million) to invest in information security research and development between 2016 and 2019 and launched services to improve IT system security for client companies, Tanaka said.
The company expects relevant sales revenues to soar from JPY150 billion projected for 2016 to JPY300 billion in fiscal year 2019. It aims to rank among the top three global leaders in information security market.