- South Korea to Review Top Groups for Restructuring
- BOJ May Extend Commercial Paper Buying, Rates on Hold
- Baidu Earnings Miss Expectations, Sales Decline
- Asia Markets Edge Higher, Caution Lingers
- CBS Cuts Dividend but Profit Beats Estimates
- HP Cuts Full Year Outlook; Shares Fall
- What's Actually In Obama Housing Plan
- Housing Plan Helps Homeowners and Banks: Dimon
- Investors Scramble for Safety as Markets Test Bottom
Text Size 
Japan's Fujitsu said on Tuesday it will end its hard disk drive head business at the end of March and book a special loss of about 5 billion yen ($56 million) on the withdrawal.
Fujitsu has been in talks with Toshiba to sell its loss-making hard disk drive business (HDD), but a newspaper has reported that its Nagano plant in central Japan that makes HDD heads was not included.
HDD heads are key components of hard disk drives.
More From CNBC.com
- Japan Government Offers Public Funds to Firms
- Honda to Boost China Output Capacity 23%
- Yen Weakens as Risk Appetite Improves
- Toyota Sees 2009 Global Output Down 20%: Report
- More Asia Pacific News
Fujitsu spokesman Takashi Koto said the company was still discussing the future of its HDD operations with multiple parties.
The company said the Nagano plant, which employs about 360 people, will keep operating to make printed circuit boards for servers and telecom equipment.
Fujitsu's HDD business had an operating loss of several billion yen in the last business year, Koto said.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes