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Fujitsu Unveils Interstage XWand Version 10

PRESS RELEASE


November 2008

Fujitsu Limited has announced Interstage XWand Version 10, the latest release of its acclaimed XBRL software designed to help companies increase transparency and governance around financial activities.

The newest release is one of the industry's first offerings to incorporate the power of business rules in XBRL-based reporting with the adoption of XBRL Formula 1.0, the latest extension to the XBRL specification.

Early test results in customer environments have shown significant reductions in the time and cost associated with verifying and submitting financial reports.

The U.S. Securities and Exchange Commission (SEC) has proposed a new mandate which would require companies using U.S.-based generally accepted accounting principles (GAAP) with a market capitalization of more than $5 billion to use XBRL for financial disclosure beginning in 2009.

All public companies would follow suit by 2011. This is one of several global initiatives aimed at financial reform.

As a founding member of XBRL Japan and former chair of XBRL International's Specification Working Group, Fujitsu continues to drive the development and adoption of the specification across the realm of financial reporting. Interstage XWand Version 10 incorporates the latest efforts of XBRL International.

Fujitsu launched the Interstage XWand software in 2003.

The product has since been adopted by customers in 23 countries, helping to make XBRL an international standard for financial reporting.


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