Fujifilm and Konica to explore JV feasibility

Konica Minolta, Inc. and FUJIFILM Business Innovation have signed a memorandum of understanding to begin a feasibility study for a strategic alliance in the multifunction printer (MFP), office printer and production printer segments.

Konica Minolta and FUJIFILM Business Innovation are actively considering a business alliance to strengthen their business foundation, including developing a robust product supply system. Both companies say that proactive measures are required in a rapidly evolving market landscape for MFPs and printers. The companies are also seeking to expand other business alliances and continue discussions.

Toshimitsu Taiko, President and CEO of Konica Minolta, says, “Sharing a common understating of the challenges facing the business, the two leading companies will be able to mutually maximise strengths through this alliance. I am looking forward to working together to improve investment efficiency and cost-competitiveness, strengthen capabilities for stable supply, environmental initiatives, and business continuity plans (BCP), and pursue the potential for enhancing business resilience as global manufacturers.”

Naoki Hama, President and CEO, FUJIFILM Business Innovation, adds, “The ongoing discussions for this business alliance are of immense importance as we strive to strengthen our competitiveness and expand our global presence to make a significant leap forward. We are confident that this partnership will createw framework to enhance our supply chain and build a robust business foundation.”

The main details of the discussions, described as promising by the companies, are as follows:

Procurement business alliance

·     Exploring establishing a joint venture to coordinate the procurement of raw materials and parts.

 ・Tentative timetable for establishment of a joint venture： Second quarter of FY2024

 ・Shareholding Ratio： Majority ownership by FUJIFILM Business Innovation Corp.

Toner development and production business alliance

Other business alliances:

·     Discussion and agreement on other strategic collaborations related to the subject business will be addressed separately.