News Release
Notice Regarding Structural Reform of the Hard-Disk Business

April 27,2011
Fuji Electric Co., Ltd.

Fuji Electric Co., Ltd. announced today that its wholly owned subsidiary, Fuji Electric Device Technology Co., Ltd. (FDT), which is engaged in hard-disk business activities, is bringing forward the completion of its structural reform measures by nine months. Brief details are presented as follows.

1. Structural Reform Details

2. Objective of Bringing Forward Structural Reform

The aim of bringing forward the completion of structural reform measures is to swiftly establish a structure that is capable of flexibly responding to sudden and dramatic changes in the hard-disk drive market. The reform will ensure a unified base that can efficiently engage in sales and marketing, technology development, and manufacturing activities. In addition, initiatives are being taken to strengthen competitiveness by consolidating the hard-disk business in Malaysia in close proximity to customers.