Fujitsu General Ltd. has announced the transfer of its power modules business, operated under its consolidated subsidiary Fujitsu General Electronics Ltd. (FGEL), to India-based L&T Semiconductor Technologies Ltd. for approximately 2 billion yen. This strategic move is part of Fujitsu General’s broader portfolio transformation within its electronic device segment.
In a board meeting held on June 9, 2025, the company approved the business transfer agreement, which also includes the handover of associated production facilities to Kaynes Semicon Private Limited, one of L&T Semiconductor’s contract manufacturers. The business transfer is scheduled to be completed by June 23, 2025, pending regulatory approvals under Japan’s Foreign Exchange and Foreign Trade Act.
Extraordinary gain in Q1 FY26
The company has projected that it will record an extraordinary gain of about 2 billion yen in the first quarter of the fiscal year ending March 2026 due to this transfer. The sale aligns with Fujitsu General’s intent to streamline its Tech Solution Business and reinforce the group’s overall business foundations.
Details of the entities involved:
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Fujitsu General Electronics Ltd. (FGEL): Based in Iwate, Japan, FGEL specializes in the development and manufacture of electronic devices and communication equipment.
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L&T Semiconductor Technologies Ltd. (LTSCT): A wholly owned subsidiary of Larsen & Toubro Ltd., headquartered in Bengaluru, India, focusing on semiconductor product development and sales.
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Kaynes Semicon Private Ltd.: A contract manufacturer based in Mysore, India, and a subsidiary of Kaynes Technology India Ltd.
Both LTSCT and Kaynes Semicon have no prior capital, personnel, or business relationships with Fujitsu General Ltd., and are not considered related parties.
This transaction signals increased cross-border collaboration in the semiconductor sector and marks a strategic India-Japan industrial linkage.
