Fujitsu Ltd, the world’s number two computer maker, and Orient Corp, the Tokyo-based consumer finance group known as Orico, yesterday announced a venture with five other firms to establish a company aimed at cornering outsourcing contracts in Japan’s retail credit industry. The new company, provisionally titled Global Focus Ltd is slated to start trading from October. Its main business activities will include outsourcing of credit and card systems and developing e-commerce settlement systems, electronic authorization systems and other internet credit systems. Fujitsu Ltd and Orico will command 35.5% and 14.5% stakes respectively. The other stakeholders are Fujitsu FIP Corp, DKB Information Systems Inc, Sakura Information Co Ltd, CRC Research Institute Inc and Japan Automatic Development Co Ltd – each with 10% holdings.
