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Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Courtesy of Fujitsu

Tokyo, Japan - December 12, 2012

Fujitsu Limited
Mitsui & Co., Ltd.

Fujitsu Limited ("Fujitsu") and Mitsui & Co., Ltd. ("Mitsui") have established a joint venture company, Future City Solutions Limited, to cooperatively develop and manage smart community projects.

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services.
Courtesy of Fujitsu

Future City Solutions will carry out smart community projects by combining Fujitsu's strengths in developing new services using Information and Communication Technology (ICT) with Mitsui's expertise of business development and its extensive business channels.

Background and Goals of the New Joint Venture

In recent years, smart communities have gained prominence as an important measure to solve a number of challenging social issues, such as global warming, increasing population density in urban areas, and ageing populations.

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services.
Courtesy of Fujitsu

Worldwide, the market for smart community projects is estimated to exceed one quadrillion yen in 2030.

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services.
Courtesy of Fujitsu

Furthermore, when considering the devastating effects of the Great East Japan Earthquake of last year, energy issues have garnered much attention, with smart community initiatives becoming a very important part of sustainable urban development in Japan.

Courtesy of Fujitsu

Leveraging its time-tested ICT solutions, which have been cultivated over years of constructing industry and business systems, and employing the latest technologies, Fujitsu is actively engaging in smart community projects and efforts centered on regional revitalization through ICT.

Fujitsu sees Smart Grid as a new infrastructure for supplying power that will leverage ICT technology to improve the reliability of power supplies, promote the mass introduction of renewable energy and optimize energy use by consumers.
Courtesy of Fujitsu

Fujitsu also plans to utilize its experience in these efforts in planning smart community projects outside of Japan.

We are promoting an intellectual property strategy closely integrated with our business and R&D strategies.
Each business unit and R&D division is individually responsible for analyzing the intellectual property assets owned by Fujitsu and other companies in their respective fields.
Based on this analysis, they formulate and implement intellectual property strategies.
Protecting and respecting intellectual property is part of the Code of Conduct in the Fujitsu Way, which articulates the philosophy of the Fujitsu Group and the core values and principles guiding the actions of each of its employees.
Courtesy of Fujitsu

Last year, Mitsui formed a joint venture with the UK-based, global engineering company Ove Arup & Partners International Ltd.

The impact of infringing upon the rights of third parties goes beyond having to pay significant compensation.
In the worst case, it could have a major economic impact on our company due to the loss of business opportunities.
In addition, it could prevent us from providing products and services, thereby severely inconveniencing our customers.
We are fostering a culture at Fujitsu that respects the patent rights of other companies, as well as creating an environment that allows all our engineers to utilize the ATMS/IR.net system to efficiently and effectively research patents held by other companies.
Courtesy of Fujitsu

Mitsui made this move after recognizing the importance of the ability to coordinate the interests of various stakeholders and of advanced engineering capabilities that bring together technologies from different fields, including energy, transportation, and buildings.

Courtesy of Mitsui

By employing the advanced know-how gained from this experience, Mitsui is promoting the establishment of consortia both in and outside of Japan that connect businesses, governments, and academia, and is also actively engaged in building a new business in the field of smart communities.

Courtesy of Mitsui

Within this context, Fujitsu and Mitsui arrived at the conclusion that ICT know-how is an indispensable element in fully realizing smart communities, as it organically links the activities that make up the organization of a city, including transportation, buildings, and energy.

Courtesy of Mitsui

They therefore decided to form a joint venture in order to leverage their respective areas of expertise, mutually complement each other, and generate synergy.

Courtesy of Mitsui

Initially, Future City Solutions plans to utilize business channels cultivated by Mitsui to offer the HEMS (the Home Energy Management System) cloud-based energy management solution developed by Fujitsu to a wider market of residences in Japan.

Courtesy of Mitsui

The Home Energy Management System manages energy in the home.

Courtesy of Mitsui

It connects home-installed devices that produce and consume electricity and the meters that measure them to a network, and automates control of status monitoring and remote operation.

Courtesy of Mitsui

In addition, Future City Solutions is aiming to collect and compile data acquired from this solution to create customized new resident services, including in medical, social, and administrative areas.

Courtesy of Mitsui

In the future, the joint venture plans to further develop business centered on providing regional energy management services.

Overview of the Joint Venture

Company Name: Future City Solutions Limited

Address of Headquarters:
1-13-4 Nishi-Shimbashi, Minato-ku, Tokyo, Japan

Representative: Ryoichi Murata, President (currently with Mitsui & Co., Ltd.)

Business Description: Services related to smart communities, as well as services related to energy management systems

Date of Establishment: December 12, 2012

Capital: 50 million yen

Ownership: Fujitsu (51%), Mitsui (49%)

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services.

Over 170,000 Fujitsu people support customers in more than 100 countries.

We use our experience and the power of ICT to shape the future of society with our customers.

Fujitsu Limited Headquarters, Shiodome City Center, Tokyo, Japan.
Courtesy of Fujitsu

Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$54 billion) for the fiscal year ended March 31, 2012.

For more information, please see http://www.fujitsu.com

About Mitsui

Mitsui is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 152 offices in 67 countries as of November 2012.

Utilizing global operating locations, network and information resources, Mitsui is multilaterally pursuing business that ranges from product sales, worldwide logistics and financing to the development of major international infrastructure and other projects in the following fields: iron and steel products, mineral and metal resources, infrastructure projects, motor vehicles, marine and aerospace, chemicals, energy, food resources, food products and services, consumer services, IT, finance and new business, and transportation logistics.

Masami Iijima
President and Chief Executive Officer, Mitsui & Co., Ltd.
Courtesy of Mitsui

Mitsui is actively taking on challenges for global business innovation around the world.

http://www.mitsui.com/jp/en/index.html

Press Contacts

Fujitsu Limited
Public and Investor Relations Division
Inquiries
https://www-s.fujitsu.com/global/news/contacts/inquiries/index.html

Mitsui & Co., Ltd.
Corporate Communications Division
Toshie Kyo
Tel: +81-3-3285-7596
Fax: +81-3-3285-9819

Source:

Fujitsu Limited, Public and Investor Relations Division

http://www.fujitsu.com/global/

Mitsui & Co., Ltd., Corporate Communications Division

http://www.mitsui.com/jp/en/release/index.html

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