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Fujitsu Pushes for Overseas Growth

Published on June 21, 2010
by Daisuke Wakabayashi and Juro Osawa

Masami Yamamoto will lead his first annual shareholder meeting Monday as head of Fujitsu Ltd. But much of investors’ talk is expected to be focused on the controversy surrounding his predecessor.

Before 56-year-old Mr. Yamamoto took the reins of the Japanese technology company in April, a scandal erupted over his predecessor’s departure. When former President Kuniaki Nozoe abruptly resigned last year, the company initially said he was ill. But in March, Mr. Nozoe said Fujitsu had forced him out over allegations of ties to organized crime–claims that he denies.

Last week, the battle seemed to turn in the company’s favor when a local district court rejected Mr. Nozoe’s petition to be reinstated as a director.

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