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Fujitsu and Mitsui to Establish a Joint Venture for Smart Community Projects 2012.12.16

Tokyo, Japan - December 12, 2012 - 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. 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.

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  



ASTROMAN Magazine - 2012.10.21

Fujitsu Announces New "Floral Kiss" Brand of FMV Personal Computers for Women

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1337  


ASTROMAN Magazine - 2012.10.21

Fujitsu Announces New Lineup of Windows 8 Consumer PCs and Tablet Devices

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1336  


ASTROMAN Magazine - 2012.08.05

Fujitsu, NTT DOCOMO, NEC, and Fujitsu Semiconductor Agree on Communications Platform Device Joint Venture

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1290  


ASTROMAN Magazine - 2012.04.29

Fujitsu Launches Data Curation Service/Data Consulting to Help Customers Analyze and Use Big Data

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1228  


ASTROMAN Magazine - 2012.01.22

Fujitsu Uses Private Cloud for Communications Platform to Integrate Global Communications

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1153  


ASTROMAN Magazine - 2011.06.26

Supercomputer "K computer" Takes First Place in World

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1006  


ASTROMAN Magazine - 2011.06.05

Fujitsu Releases Primesoft Server v1.1

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=988  



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