Consideration of a Partial Spin-Off of the Business Innovation Business

「During the interim consolidated accounting period, the company announced that it had begun considering strategic options, including a partial spin-off premised on a stock exchange listing, for its wholly owned subsidiary Fujifilm Business Innovation Corp. The purpose of this consideration is to establish a structure that enables more agile decision-making and execution of initiatives to achieve sustainable growth and expansion of the Business Innovation business. If the spin-off is carried out, the company will proceed with detailed consideration, with execution in 2–3 years in view, including the stock exchange on which shares of Fujifilm Business Innovation Corp. would be listed and the possibility of satisfying tax-qualified requirements. The execution of the spin-off is subject to approval, recognition and the acquisition of licenses and permits from stock exchanges and other relevant authorities, as well as shareholders and other stakeholders.」