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[Translation]
To whom it may concern:
June 9, 2025

Company Name:
Fujitsu General Limited
Representative:
Koji Masuda,
President and CEO
(Securities Code:
6755, Prime Market of the Tokyo Stock Exchange)
Contact:
Toshio Kano, Executive Officer and Head of Corporate Communications Office TEL +81- 44-861-7627

Notice Concerning the Partial Transfer of Business of a Consolidated Subsidiary, and the
Recording of an Extraordinary Gain

Fujitsu General Limited (the “Company”), regarding the power modules business (the “Business”) of Fujitsu General Electronics Limited (“FGEL”), the Company’s consolidated subsidiary, resolved at its board of directors meeting held on June 9, 2025, to transfer the Business to L&T Semiconductor Technologies Limited (“LTSCT”), a company engaged in the development, manufacture and sale of semiconductor products in India and transfer the production facilities related to the Business to Kaynes Semicon Private Limited, one of LTSCT's manufacturing contractors. The Company hereby announces that, in response to this, it is forecasted that the Company will record gains on the transfer of business as an extraordinary gain in the first consolidated fiscal quarter of 2025 ending March 2026 (April 1, 2025, to June 30, 2025), as stated below.
Particulars
1.
Reason for the transfer of business
FGEL is involved in developing, manufacturing, and selling electronic devices and manufacturing equipment for information and communications in the Tech Solution Business.
The Company has decided to transfer the Business as part of a portfolio transformation of the Electronic Device Business in line with strengthening the Company group’s business foundations. 2.
Outline of the consolidated subsidiary

(1)
Name
Fujitsu General Electronics Limited

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(2)
Address
3-1, Aisari, Ichinoseki, Iwate, Japan
(3)
Name and Title of Representative
Takeshi Nakanishi, President and Representative Director
(4)
Description of Business
The development, manufacture and sale of electronic devices, and manufacture of equipment for information and communications
(5)
Capital
800 million yen
3.
Outline of the business division to be transferred

(1)
Description of Business Division
The power modules
(2)
Transfer Price and Settlement Method
Approximately 2 billion yen
*
The settlement method is yet to be determined at this time.
Note: Due to a confidentiality agreement with the transferee, the sales, ordinary income, assets, and
liabilities of the transferred division are not disclosed.
4.
Outline of the transferee
(I)
L&T Semiconductor Technologies Limited
(1)
Name
L&T Semiconductor Technologies Limited
(2)
Address
L&T Tech Park, S-2 Building, 10th Floor Bellary Road, Next to Raintree Boulevard Park View Layout, Byatarayanapura Bengaluru, Karnataka, 560092
(3)
Name and Title of Representative
Sandeep Kumar, Chief Executive Officer
(4)
Description of Business
The development, manufacture and sale of semiconductor products
(5)
Capital
3,309.3 million Indian rupees (5,824 million yen)
(6)
Date of Incorporation
November 2023

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(7)
Major Shareholders and Shareholding Ratios
Larsen & Toubro Limited: 100%
(8)
Relationship between the Listed Company and the Transferee
Capital Relationship
Not applicable.
Personnel Relationship
Not applicable.
Business Relationship
Not applicable.
Status as Related Party
Not applicable.

(II)
Kaynes Semicon Private Limited
(1)
Name
Kaynes Semicon Private Limited
(2)
Address
23-25 Belagola Food Industrial Estate, Metagalli PO, Mysore 570016 Karnataka, India
(3)
Name and Title of Representative
Raghu Panicker, Chief Executive Officer
(4)
Description of Business
The production of electronic devices on a commission basis
(5)
Capital
2.5 million Indian rupees (4 million yen)
(6)
Year of Incorporation
1988
(7)
Major Shareholders and Shareholding Ratios
Kaynes Technology India Limited: 100%
(8)
Relationship between the Listed Company and the Transferee
Capital Relationship
Not applicable.
Personnel Relationship
Not applicable.
Business Relationship
Not applicable.
Status as Related Party
Not applicable.
5.
Schedule

(1)
Date of Board of Directors’ Resolution
June 9, 2025

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(2)
Date of Execution of Asset Purchase Agreement
June 9, 2025
(3)
Date of Transfer (scheduled)
June 23, 2025
Note: The transfer of Business is conditional upon, among others, the acquisition of necessary clearance
under the Foreign Exchange and Foreign Trade Act.

6.
Future prospects
In response to the transfer of business mentioned above, it is forecasted that the Company will record gains on the transfer of business of approximately 2 billion yen as an extraordinary gain in the first consolidated fiscal quarter of 2025 ending March 2026. The Company will, as necessary, promptly make an announcement if any matters arise that should be disclosed in the future.
Note: The exchange rate used in this document is 1 Indian rupee for 1.76 yen (as of March 31, 2025).

End