Further accelerates mobile business in Japan
29 September, 2023 – Lenovo today announced it has purchased the assets of FCNT Ltd, the company behind the arrows and Rakuraku smartphone brands in Japan.
The business deal will see the creation of a new company within the Lenovo Group under its mobile business group that will continue to be known as FCNT. The new FCNT entity will continue the brand legacy and will include new product development, sales, and servicing of FCNT products. Working together, FCNT’s brands and our Motorola brand will continue to be positioned in the market.
The deal builds on Lenovo’s long heritage and commitment to Japan as one of the company’s most important business markets in the world – and where the Group already holds an important leadership position in the Japanese PC market. As well as the long-standing history of its Think products having been developed in Japan, Lenovo has been investing significantly in global R&D, innovation centers, services centers, and manufacturing in the market for many years.
Looking ahead, the business of FCNT together with its strong market position, brand, and market expertise will enable the Lenovo Group to accelerate its growth in the smartphone space in Japan, bringing advantages from its global size and scale to customers in the market.
Lenovo will continue to work with key carriers in Japan to ensure continuity of business and service for customers and looks forward to further investing in innovation to support FCNT’s mobile offering in the Japan market.
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.