Fujitsu today announced it will invest more than 100 billion JPY or $94 million in its digital transformation project to promote its own transformation.
The main aim is to strengthen competitiveness in the digital age. The project called Fujitra (Fujitsu Transformation) aims at a complete re-evaluation and shift in business processes, organizations, and corporate culture, in addition to products, services, and business models.
Takahito Tokita, CEO of Fujitsu and chief digital transformation officer (CDXO), and Yuzuru Fukuda, corporate executive officer, CIO and deputy- CDXO of Fujitsu, who joined the company from SAP Japan in April 2020, will lead the Fujitra project.
The targets of this transformation initiative represent challenges in management and at the operational-level, ranging from the creation of new business, the growth of strategic business, and the enhancement of profitability of existing businesses.
Fujitsu did not hint at any possible reduction of jobs. Fujitsu has approximately 130,000 employees to support customers in more than 100 countries. Fujitsu reported revenues of 3.9 trillion yen or $35 billion for the fiscal year ended March 31, 2020.