{"id":267178,"date":"2026-08-12T10:38:05","date_gmt":"2026-08-12T17:38:05","guid":{"rendered":"https:\/\/worldimagingnews.com\/?p=267178"},"modified":"2026-08-12T11:29:34","modified_gmt":"2026-08-12T18:29:34","slug":"fujifilm-to-spin-off-80-stake-in-printing-business","status":"publish","type":"post","link":"https:\/\/worldimagingnews.com\/fr\/fujifilm-to-spin-off-80-stake-in-printing-business\/","title":{"rendered":"FUJIFILM TO SPIN OFF 80% STAKE IN PRINTING BUSINESS"},"content":{"rendered":"<h6><strong><span data-redactor-span=\"true\" data-redactor-style-cache=\"color: rgb(9, 194, 105);\"><em>Move Targets Fujifilm\u2019s Slowest-Growing Business as Company Shifts Capital to Higher-Growth Markets\u00a0<\/em><\/span><\/strong><\/h6>\n<p class=\"isSelectedEnd\"><strong>LOS ANGELES | California &#8211; August 2026 &#8211;<\/strong> Fujifilm Holdings is preparing to spin off its Business Innovation division \u2014 the business behind its copiers, office printers, production print systems, and graphic communications portfolio \u2014 and reduce its ownership to less than 20 percent.<\/p>\n<p class=\"isSelectedEnd\">Fujifilm says the move is about <strong>unlocking growth, improving capital efficiency, and giving Business Innovation greater freedom to invest and pursue partnerships \u2014 not abandoning the business.<\/strong><\/p>\n<p><strong>What\u2019s Being Spun Off<\/strong><\/p>\n<p class=\"isSelectedEnd\">Business Innovation\u2019s graphic communications portfolio includes inkjet printheads, ink, toner presses, printing plates, and office and production print hardware. Key products include the Jet Press B2, CF1160 continuous-feed press, Acuity large-format systems, Acuity Fusion, flexible packaging inkjet technology, and the Revoria series, including the recently introduced Revoria PC2120. Of great interest is this includes the spin-off of the old Fuji Xerox company that started in this division.<\/p>\n<p><strong>How the Deal Works<\/strong><\/p>\n<p class=\"isSelectedEnd\">Fujifilm will consolidate the related businesses under Fujifilm Business Innovation Corporation, retain <strong>less than 20 percent<\/strong> of the new company, and distribute the remaining shares to Fujifilm shareholders as a non-cash dividend.<\/p>\n<p class=\"isSelectedEnd\">The new company is expected to list on the Tokyo Stock Exchange. Fujifilm will retain its name and continue supplying the business, but it will no longer control it.<\/p>\n<p class=\"isSelectedEnd\">The transaction still requires regulatory, exchange, and shareholder approvals, with completion expected to take <a href=\"https:\/\/ir.fujifilm.com\/en\/investors\/ir-materials\/earnings-presentations.html\" target=\"_blank\" rel=\"noopener\"><strong>two to three years<\/strong><\/a>.<\/p>\n<p><strong>The Numbers Tell the Story<\/strong><\/p>\n<p class=\"isSelectedEnd\">Business Innovation generated <strong>\u00a5273.2 billion ($1.8 billion)<\/strong> in Q1 fiscal 2027 revenue but posted a <strong>\u00a51.4 billion ($9.3 million) operating loss<\/strong>.<\/p>\n<p class=\"isSelectedEnd\">Graphic communications revenue benefited from stronger inkjet printhead sales, while office solutions declined amid weaker European and U.S. demand.<\/p>\n<p class=\"isSelectedEnd\">Meanwhile, Fujifilm\u2019s other businesses are growing sharply:<\/p>\n<ul data-spread=\"false\">\n<li>Healthcare: <strong>+12.4%<\/strong><\/li>\n<li>Electronics: <strong>+25%<\/strong><\/li>\n<li>Imaging: <strong>+16.2%<\/strong><\/li>\n<li>Business Innovation: <strong>essentially flat<\/strong><\/li>\n<\/ul>\n<p class=\"isSelectedEnd\">That contrast is central to the spin-off.<\/p>\n<p><strong>Fujifilm Has Already Been Cutting Back<\/strong><\/p>\n<p class=\"isSelectedEnd\">The move follows a series of strategic reductions in the printing business. Fujifilm exited plate coating and converting in the Netherlands, ended Jet Press and CF1160 sales in Europe and the U.S., shut down much of its Acuity portfolio, and shelved its B2 toner press.<\/p>\n<p class=\"isSelectedEnd\">Fujifilm has retained flexible packaging inkjet and Acuity Fusion \u2014 areas it considers strategically strong.<\/p>\n<p><strong>The Growth Ambition<\/strong><\/p>\n<p class=\"isSelectedEnd\">Business Innovation CEO Naoki Hama recently outlined an aggressive target: grow the business from <strong>\u00a51.17 trillion ($7.8 billion) in 2025 to \u00a51.3 trillion ($8.7 billion) by 2030<\/strong>, while reaching a 10 percent operating margin.<\/p>\n<p class=\"isSelectedEnd\">Hama says AI can accelerate product development, with the broader mission focused on moving customers from analog to digital production.<\/p>\n<p><strong>From Fuji Xerox to a Standalone Business<\/strong><\/p>\n<p class=\"isSelectedEnd\">Business Innovation traces its roots to Fuji Xerox, the 1962 joint venture between Fujifilm and Xerox.<\/p>\n<p class=\"isSelectedEnd\">The relationship changed dramatically after a proposed <strong>$6 billion Xerox-Fujifilm deal collapsed in 2019<\/strong> following opposition from Xerox investors Carl Icahn and Darwin Deason. Fujifilm subsequently acquired Xerox\u2019s 25 percent stake for $2.3 billion, making Fuji Xerox a wholly owned Fujifilm subsidiary.<\/p>\n<p class=\"isSelectedEnd\">At its peak, the business represented nearly half of Fujifilm\u2019s revenue. Today, that contribution has fallen to roughly 35 percent as Fujifilm\u2019s healthcare, electronics, and other businesses have expanded.<\/p>\n<p><strong>Why Now?<\/strong><\/p>\n<p class=\"isSelectedEnd\">The spin-off fits squarely within Fujifilm\u2019s <strong>VISION2030<\/strong> strategy, which emphasizes profitability and capital efficiency.<\/p>\n<p class=\"isSelectedEnd\">Fujifilm\u2019s argument is straightforward: Business Innovation needs the freedom to make its own investment and partnership decisions rather than compete internally for capital with faster-growing businesses such as healthcare and semiconductor materials.<\/p>\n<p><strong>What WIN Is Watching<\/strong><\/p>\n<p class=\"isSelectedEnd\">This is far more than a corporate restructuring. <strong>Fujifilm is effectively separating one of the world\u2019s major printing technology businesses from the broader Fujifilm portfolio.<\/strong><\/p>\n<p class=\"isSelectedEnd\">The big question for the industry: <strong>Does this mark the beginning of a larger structural shift in digital printing \u2014 or simply give Business Innovation the freedom to compete more aggressively?<\/strong><\/p>\n<p>WIN will be watching closely.<\/p>\n<p><strong><a href=\"https:\/\/worldimagingnews.com\/fr\/\">www.worldimagingnews.com<\/a><\/strong><\/p>\n<p>Nouvelles de l'imagerie mondiale Latino<\/p>","protected":false},"excerpt":{"rendered":"<p>Move Targets Fujifilm\u2019s Slowest-Growing Business as Company Shifts Capital to Higher-Growth Markets\u00a0 LOS ANGELES | California &#8211; August 2026 &#8211; Fujifilm Holdings is preparing to spin off its Business Innovation&hellip;<\/p>","protected":false},"author":1,"featured_media":267183,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[81,838],"tags":[1526,329],"class_list":["post-267178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-blog-2","tag-fuji-xerox","tag-fujifilm"],"_links":{"self":[{"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/posts\/267178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/comments?post=267178"}],"version-history":[{"count":3,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/posts\/267178\/revisions"}],"predecessor-version":[{"id":267182,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/posts\/267178\/revisions\/267182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/media\/267183"}],"wp:attachment":[{"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/media?parent=267178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/categories?post=267178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/tags?post=267178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}