FUJI INTERNATIONAL SPEEDWAY CO., LTD. (Fuji Speedway: Dr. Akihiko Saito, Chairman & CEO) and FORMULA ONE ADMINISTRATION LIMITED (FOA: Mr. Bernard Charles Ecclestone, Chairman & CEO) agreed that Fuji Speedway will host the 2007 Japanese Formula One Grand Prix, which will be held in October 2007, of the FIA Formula One World Championship (F1).
Since the commemoration of its opening nearly 40 years ago in 1966, Fuji Speedway as one of the fastest circuits in the world has been the stage for numerous international and domestic car races of sport cars, grand touring cars, and formula cars.
Fuji Speedway used to host the first and second Japanese F1 Grand Prix in 1976 and 1977. The 2007 Japanese F1 GP will mark the thirty years anniversary.
In 2005 Fuji Speedway completed its overall renovation of the international racecourse and related facilities. When opening the renewal circuit, Fuji Speedway became certified to hold F1 races since it earned "Grade 1" license from the FIA (Federation Internationale de l'Automobile).
FOA: Mr. Bernard Charles Ecclestone's comment: "We, at FOA, have the pleasure that Fuji Speedway, as the brand new venue nestled at the foot of the most majestic Mt. Fuji, will be the new home of Japanese F1 Grand Prix. We also have a good expectation that the F1 event there would be the opening of new era of Formula One history."