Transforming the Document Business Through the Acquisition of a 50.1% Stake in Xerox

「After consolidating the related businesses under FUJIFILM Business Innovation Corp., we envision retaining part of the shares, representing less than 20%, so that even after the spin-off the business can continue using the FUJIFILM brand, including the corporate name, and creating synergies with companies in the FUJIFILM Group. The remaining shares would be distributed to our shareholders as an in-kind dividend, thereby supporting the sustainable growth of the Business Innovation business.」

「In the Office Solutions business, we began selling 3 models and 10 products in the A3 digital color multifunction device Apeos series in October 2024. Following Italy and the UK, we also began selling digital color multifunction devices for offices in Spain and France, newly expanding our sales area in Europe.」

「In the Office Solutions business, sales declined mainly because we discontinued sales of low-margin models among the compact printers sold in Europe and the US. In September 2024, we announced that, through collaboration with a leading local distributor in the US, we would begin selling digital color multifunction devices for offices from October.」

「In the Office Solutions business, sales declined despite the expansion of new OEM business and the effect of worldwide sales-price revisions, mainly because exports to Europe and the US declined.」

「In October 2022, we launched the ApeosPrint C5570 / C4570, flagship A3 color printers in the ApeosPrint series that support output on a wide variety of paper types and offer enhanced security. In December, we launched 3 A3 monochrome printers, the ApeosPrint 4560 S / ApeosPrint 3960 S / ApeosPrint 3360 S, which deliver the smallest and lightest form factor in their class* and high-speed printing.」

「On 1 July 2022, we established a new organisation responsible for developing and executing overall strategies for multifunction devices and printers, including research and development, as well as for cross-business overseas marketing. Going forward, under the new structure, we will further strengthen marketing for multifunction devices and printers and enhance profitability by responding rapidly to customer requirements. In new markets, we will actively expand the business, including OEM supply, after developing region-specific product strategies that provide a competitive advantage.」

「We aim to expand our sales channels by leveraging Fujifilm's overseas locations and promising distributors, and began selling office products in new markets during the third quarter. Going forward, we will develop new markets in Europe, the Middle East, Latin America, and elsewhere, while expanding our global operations, including through new OEM supply.」

「For global expansion under the FUJIFILM brand, we launched new Apeos products in April 2021, including digital color multifunction devices and printers with a completely redesigned exterior and enhanced security features. We also aim to sell these products in Europe, the Middle East, Latin America, and other regions by leveraging Fujifilm's overseas locations and promising distributors. Going forward, we will accelerate our global expansion, including through new OEM supply.」

「For global expansion under the FUJIFILM brand, we launched new Apeos products in April 2021, including digital color multifunction devices and printers with a completely redesigned exterior and enhanced security features. Going forward, we will accelerate our global expansion, including through new OEM supply.」

「Fuji Xerox Co., Ltd. changed its company name on 1 April 2021 and began operating under the new name FUJIFILM Business Innovation Corp.」

「From April 2021, under the new brand and the new name Fuji Xerox changed to FUJIFILM Business Innovation Corp., we will accelerate the rollout of document equipment in global markets.」

「In November 2019, we acquired all shares of Fuji Xerox Co., Ltd. held by Xerox Corporation and made Fuji Xerox our wholly owned subsidiary. By making Fuji Xerox a wholly owned subsidiary, we will expand into growth markets and further strengthen our ability to address customer needs through more flexible personnel exchanges within the Fujifilm Group, technology sharing that goes a step further than before, and collaboration. We will also expand revenue opportunities by commencing worldwide OEM supply of products such as printer engines, while continuing to provide Xerox Corporation with a stable supply of products as before and enhancing our cash-generation capability.」

「At a meeting of the Board of Directors held on 5 November 2019, we resolved to enter into an agreement to acquire all shares of Fuji Xerox Co., Ltd. held by Xerox Corporation. On 8 November, we acquired all shares held by Xerox and made Fuji Xerox our wholly owned subsidiary.」

「• Xerox will make Fuji Xerox acquire as treasury shares 75% of all shares issued by Fuji Xerox that are held by us, enabling Xerox, which held 25% of Fuji Xerox's issued shares, to make Fuji Xerox its wholly owned subsidiary. • Subsequently, we will acquire 50.1% of Xerox's shares by subscribing to a third-party allotment of new shares by Xerox, using the consideration received from Fuji Xerox's treasury-share acquisition. (3) Timing of share acquisition Scheduled for the second quarter of fiscal 2018 (5) Acquisition price US$6,100 million」