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March 12, 2002 |
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| Company Name : Anritsu Corporation |
| Code Number : 6754 |
| Media Contact : Eiji Sugimoto |
Director
General Manager of Corporate Business Strategy Center |
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Notice on Management Restructuring
Anritsu Corporation has been enhancing the profitability in the
extremely severe economic downturn, and we decided to accelerate the
speed of restructuring. We would like to report the following conclusion
after their thorough consideration and discussion in the company.
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| 1. |
Disorganization of Network Solutions (an internal
company) |
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(1) |
Background
Network Solutions has served in information and communications equipment
business domain; mainly equipment for access network, public phones, IT
applied business and router. Due to the sharp decrease of sales of the
information equipment, Network Solutions has focused on recovering
profitability and conducted business reorganization such as divesting
the marine radar business and the card terminal business, and
discontinuing unprofitable product lines. However, in spite of their
efforts, the larger loss is expected for the fiscal year 2002 (ending
March 2003), and the revival of Network Solutions has become more
difficult. Therefore, we plan disorganization of Network Solutions in
June, 2002. |
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(2) |
Reorganization after
disorganization of Network Solutions |
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1- |
In order to strengthen IP business, the core domain of "Mobile &
Internet" on which Anritsu Corporation is focusing, the IP Networking
Group of Network Solutions and Digital Com. Division of Measurement
Solutions (an internal company) will be integrated into a new internal
company. |
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2- |
We will accelerate discontinuing unprofitable product lines of
Network Solution, while the further improvement measures will be
conducted with profitable product lines such as pay phones business. |
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3- |
They will establish new System Solution Department, which has sales
and system engineers, in the sales organization to enhance the video
content distribution system business (currently operated as IT applied
business unit in the Network Solutions). In the future, the system
business is expected to evolve into a consulting business, which
provides customers with the test and measurement solutions for the
information and communications and the test services. The System
Solution business aims to provide the "one-stop solution" for global
customers.
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| 2. |
Spin-off of Industrial Solutions (an internal company) |
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Industrial Solutions has been promoting their business to "offer
safety and security based on the quality control inspection solution for
food, pharmaceutical and chemicals" as the business vision with
affiliate group companies (Anritsu Sanki Systems Co, Ltd. for sales and
Anritsu Technics Co.,Ltd. for maintenance and service). The
profitability has been recovered remarkably. However, Anritsu
Corporation targets "Mobile & Internet" related business domain, which
has completely different market and customers from that of Industrial
Solutions. Therefore, it is considered to establish a new independent
company spun-off from Anritsu Corporation in June to focus on the
business domain of Industrial Solutions.
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| 3. |
Introduction of Voluntary Early Retirement Program |
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(1) |
Background
The voluntary early retirement program will be introduced for a limited
time because of the changes of the required skills and capability of
employees with the focus on "Mobile & Internet" and supporting options
for life plans of employees. |
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(2) |
Program (planned)
Further discussion with the labor union is still required for the
details of the program. The program is planned to include at the moment
such as (a) holidays for supporting course changing, (b) compensation
according to age for voluntary retirement, (c) age from 45 to 59 with
more than 10 years employment in Anritsu Corporation.
The introduction is planned in May, 2002 for a limited time period.
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| 4. |
The Effect on Anritsu Corporation |
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It is still under study to foresee the effect from these actions on
the result of the fiscal year 2002 (ending March, 2003). The details of
the management and work force restructuring as well as further measures
to enhance profitability shall be announced as soon as they are decided. |
