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News Release 2002

March 28, 2002

Fusion Raises 5 Billion Yen in New Private Placement

Fusion Communications Corporation raised 5 billion yen in new capital allocated to a third party on March 27. Most of the new capital was provided by existing shareholders, but seven new shareholders also invested. With this increase in capital, Fusion's paid-in capital is now 9.6 billion yen (with 8 billion yen in capital reserves).

The increase in capital was intended to strengthen Fusion's financial foundation to enable it to improve and expand services.


Details of the Placement

Placement amount 5.0 billion yen  
Post-placement capital 9.6 billion yen
(prior 7.1 billion yen + 2.5 billion yen in new funds)
 
Post-placement capital reserve 8.0 billion yen
(prior 5.5 billion yen + 2.5 billion yen in new funds)
 
 
Shareholder breakdown Nissho Electronics Corporation 47.1%
  The Furukawa Electric Co.,Ltd. 15.9%
  ITX Corporation 12.2%
  Nikko Principal Investments Japan Ltd. 3.3%
  Anritsu Corporation 2.4%
  Others 19.1%


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