In 2022, 3D submitted proposals at two shareholder meetings, calling on Fuji Soft to appoint outside directors recommended by the fund. Last September, 3D proposed that Fuji Soft go private. In response, Fuji Soft established a special committee of outside directors to explore whether becoming a private company would better enhance its value. The committee reportedly concluded that privatisation under the control of a single shareholder, coupled with a long-term growth strategy, would be the more advantageous route.
Fuji Soft is listed on the Tokyo Stock Exchange’s Prime section and is known for developing control software for vehicles and industrial equipment. It is a prominent player among systems integrators in Japan.
In 2023, Fuji Soft reported a 7% increase in group sales, reaching JPY298.8bn. The company’s medium-term plan, targets JPY435bn in annual sales by 2028 and includes initiatives in emerging fields such as generative artificial intelligence and fifth-generation wireless technology.
Source: Â Private Equity Wire
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