Recently, a TV series focusing on the largest injustice case in British history triggered a fierce attack on the Japanese company Fujitsu by British public opinion. Japan's Fujitsu Corporation stated that it would cooperate with the investigation. Affected by this, the company's stock price fell significantly during the session on the 11th. Why did a TV series cause Fujitsu's stock price to fall?
Influenced by a TV series recently aired in the UK, Japanese information technology service provider Fujitsu has been pushed to the forefront of local public opinion. The background of this TV series is that between 1999 and 2015, more than 700 postmasters and other people in the UK were convicted because their cash balances did not match the data in the accounting system. However, it was later discovered that the problem was actually caused by flaws in the accounting system provided by Fujitsu. According to reports, during this process, some parties went bankrupt or even went into despair. So far, only more than 90 people have been acquitted.
British Prime Minister Sunak said on the 10th that this incident was one of the largest injustices in British history and that relevant compensation measures would be promoted. In addition, a committee of the British House of Commons has requested Fujitsu to attend a hearing on the 16th.
Since Fujitsu is still a service provider for British government procurement, there are local public opinions calling for the cancellation of Fujitsu's relevant qualifications. It is estimated that Fujitsu's total business in the UK is approximately RMB 5 billion to RMB 10 billion.
Fujitsu said in an interview with Japanese media on the 10th that it would fully cooperate with relevant investigations. Affected by this, Fujitsu's stock price fell nearly 3% during the session yesterday.
In fact, not only in the UK, the system developed by Fujitsu has also failed many times in Japan. On October 1, 2020, the trading system provided by Fujitsu failed, causing the Tokyo Stock Exchange to suspend trading for the entire day. In addition, last year, when some residents in many places in Japan tried to print their own certification documents on automatic devices, they typed out someone else's information. The reason was also due to flaws in the relevant systems developed by Fujitsu.
(Source: CCTV Finance)
