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Acquisition and Transfer of Shares of
Fuji Xerox Career Net

Tempstaff Co., Ltd.
Fuji Xerox Co., Ltd.


TOKYO, March 24, 2009 – Tempstaff Co., Ltd. and Fuji Xerox Co., Ltd. have concluded a share transfer contract today upon reaching a final agreement in its deliberations for the acquisition and transfer of outstanding shares of Fuji Xerox Career Net Co., Ltd. as announced on January 28, 2009.

  1. Purpose of concluding this contract
    Tempstaff and Fuji Xerox have engaged in deliberations regarding the acquisition and transfer of Fuji Xerox Career Net shares to enhance the corporate value of both companies and have agreed that Fuji Xerox will transfer 90 percent of its shares to Tempstaff. Through this, a new cooperative relationship between both parties will be established, and it will enable them to promote smooth business activities by leveraging the resources of each other.

    For Tempstaff, the contract will lead to the expansion of operations by having priority in handling the numerous job openings at Fuji Xerox and affiliated firms, which use a diverse range of human resource services, as well as to value improvement for job seekers as a staffing services company that offers attractive employment opportunities.

    As for Fuji Xerox, it will receive stable, high quality staffing services that conventional resources could not provide by integrating Fuji Xerox Career Net's expert operational know-how, which has been accumulated since its founding by learning the business of Fuji Xerox and affiliated firms, and the Temp Group's staffing procurement and supplying capability.

  2. Transferred shares and value
    (1) Number of shares : 5,400
    (2) Value : 2,446 million yen (predetermined estimate)

  3. Shareholder status before and after acquisition and transfer
      Before transfer After transfer
    Fuji Xerox Co., Ltd.
    6,000 shares (100%)
    600 shares (10%)
    Tempstaff Co., Ltd.
    0 shares
    5,400 shares (90%)

  4. Schedule
    March 24, 2009 Conclusion of the share transfer contract
    July 1, 2009 (planned) Transfer of shares

  5. Media contact
    PR Group, Corporate Communications
    Fuji Xerox Co., Ltd.
    TEL: 03-6271-5120 (direct)

Note
Please note that the linked pages in this news release or other information are subject to be shut down without notice.

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