Fuji Xerox

Last updated
Fuji Xerox Co., Ltd.
Native name
富士ゼロックス株式会社
Romanized name
Fuji Zerokkusu Kabushiki-gaisha
Type Joint venture
Industry Document processing
Founded1962;59 years ago (1962)
DefunctApril 1, 2021 (2021-04-01)
FateRenamed to FUJIFILM Business Innovation Fund
HeadquartersMidtown West, Tokyo Midtown
Akasaka, Minato, Tokyo
Key people
  • Tadahito Yamamoto
    (Chairman)
  • Hiroshi Kurihara
    (President)
Products
Revenue$11.1bn
Owners
Number of employees
40,646 (as of Mar 2009 - Consolidated)
Website www.fujixerox.co.jp

Fuji Xerox Co., Ltd. (富士ゼロックス株式会社, Fuji Zerokkusu Kabushiki-gaisha) was a joint venture partnership between the Japanese photographic firm Fujifilm Holdings and the American document management company Xerox to develop, produce and sell xerographic and document-related products and services in the Asia-Pacific region. Its headquarters was in Midtown West in Tokyo Midtown, Akasaka, Minato, Tokyo, Japan. Fuji Xerox was the world's longest running joint venture between a Japanese and an American company.

Contents

History

Fuji Xerox was established in 1962 as a 50:50 partnership with Rank Xerox. Rank Xerox was absorbed into Xerox Corporation in 1997.

Originally only a distributor of Rank Xerox products, Fuji Xerox later began to research and develop its own xerographic machines and other devices, beginning with the 2200 photocopier in 1973. The company was responsible for the innovation and manufacture of many of the colour printing devices sold by Xerox Corporation. Its innovations include the world's first multifunction printer/copier, the "Xero Printer 100", launched in 1987.

Fuji Xerox expanded into Australia, New Zealand, Singapore and Malaysia in 1982 by purchasing distribution rights from Xerox Corporation, it established a subsidiary company Fuji Xerox Asia Pacific Pte headquartered in Singapore. Fuji Xerox Australia Pty Ltd was Australia's No.1 Document Printing and Copying company in the country. It was also the highest performing Fuji Xerox subsidiary in Asia. Its first dealership was NQBE in Mackay, North Queensland.

Xerox Corporation transferred its China/Hong Kong operations to Fuji Xerox in 2000 and Fuji Photo Film Co. raised its stake in the venture to 75% in 2001. [1]

As of March 2009, the company employed 40,646 people (Consolidated).[ citation needed ]

On January 31, 2018, Xerox announced that Fujifilm had agreed to acquire a 50.1% controlling stake in the company for US$6.1 billion, which would be combined into Fuji Xerox, creating a company with a total market value of US$18 billion. [2] [3] [4] However, the deal was called off in May 2018 following resistance by Xerox's board. [5]

On November 5, 2019, Fujifilm had announced that they would acquire the remaining 25% stake of Fuji Xerox from Xerox for a total of $2.3 Billion. [6]

On January 6, 2020, Fujifilm announced that it would not renew its technology agreement with Xerox when it expires at the end of March 2021, and that Fuji Xerox would be renamed Fujifilm Business Innovation in April 2021. Fujifilm stated that unwinding the venture would allow them to "utilise our own technologies and synergise with technologies owned by other Fujifilm Group companies to produce/market products and solutions under our own new brand worldwide". The company will maintain its product supply agreements with Xerox. [7]

Headquarters

Midtown West, the headquarters Tokyo-Midtown-West-01.jpg
Midtown West, the headquarters

The headquarters of Fuji Xerox was located in Midtown West in Tokyo Midtown, Akasaka, Minato, Tokyo. [8] [9] The headquarters of Fuji Xerox moved to its final location on January 15, 2007. Previously the company was headquartered in the Akasaka Twin Tower (赤坂ツインタワー, Akasaka Tsuin Tawā) in Tameike Sanou. [10]

See also

Related Research Articles

Xerox American document management corporation

Xerox Holdings Corporation is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut, though it is incorporated in New York with its largest population of employees based around Rochester, New York, the area in which the company was founded. The company purchased Affiliated Computer Services for $6.4 billion in early 2010. As a large developed company, it is consistently placed in the list of Fortune 500 companies.

Fujitsu Japanese multinational information technology equipment and services company

Fujitsu Limited is a Japanese multinational information and communications technology equipment and services corporation, established in 1935 and headquartered in Tokyo. Fujitsu was the world's fourth-largest IT services provider by annual revenue, after IBM, Accenture and AWS, in 2018. The hardware offerings from Fujitsu are mainly of personal and enterprise computing products, including x86, SPARC and mainframe compatible server products, although the corporation and its subsidiaries also offer a diversity of products and services in the areas of data storage, telecommunications, advanced microelectronics, and air conditioning. It has approximately 132,138 employees and its products and services are available in approximately 180 countries.

Panasonic Japanese multinational electronics corporation founded by Kōnosuke Matsushita

Panasonic Corporation, formerly Matsushita Electric Industrial Co., Ltd. is a major Japanese multinational electronics corporation, headquartered in Kadoma, Osaka. It was founded by Kōnosuke Matsushita in 1918 as a lightbulb socket manufacturer. In addition to consumer electronics of which it was the world's largest maker in the late 20th century, Panasonic offers a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial systems, as well as home renovation and construction.

Rank Xerox was formed in 1956 as a joint venture between the Xerox Corporation of United States and the Rank Organisation of the United Kingdom, to manufacture and market Xerox equipment initially in Europe and later in Africa and Asia. A further joint venture between Rank Xerox and Modi Group in India formed Modi Xerox to manufacture and sell Xerox equipment in the Indian subcontinent.

Hitachi Japanese multinational engineering and electronics company

Hitachi, Ltd. is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group and had formed part of the Nissan zaibatsu and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank merged into the Mizuho Financial Group. As of 2020, Hitachi conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure.

Fujifilm Japanese conglomerate started as photographic film manufacturer

Fujifilm Holdings Corporation, trading as Fujifilm, or simply Fuji, is a Japanese multinational conglomerate headquartered in Tokyo, Japan, operating in the realms of photography, optics, office and medical electronics, biotechnology, and chemicals.

Wowow Japanese satellite TV company and station

Wowow Inc., listed as TYO: 4839, is a private satellite broadcasting and premium satellite television station in Japan. Its headquarters are located on the 21st floor of the Akasaka Park Building in Akasaka, Minato, Tokyo. Its broadcasting center is in Koto, Tokyo.

Subaru Corporation Japanese multinational automotive company

Subaru Corporation, formerly known as Fuji Heavy Industries, Ltd. (FHI) from 1953 to 2017, is a Japanese multinational corporation and conglomerate primarily involved in both terrestrial and aerospace transportation manufacturing. It is best known for its line of Subaru automobiles. The company's aerospace division serves as a defense contractor to the Japanese government, manufacturing Boeing and Lockheed Martin helicopters and airplanes under license. This same division is a global development and manufacturing partner to both companies.

Itochu Japanese corporation

Itochu Corporation is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo.

Minato, Tokyo Special ward in Kantō, Japan

Minato is a special ward in Tokyo, Japan. It is also called Minato City in English.

Xerox India is the Indian subsidiary of Xerox Corporation, based in Gurgaon, India the American printer, photocopier, document supplies, technology & services company.

Yotaro Kobayashi  was a British-born Japanese executive who was chairman of the Fuji Xerox company, a joint venture between Fujifilm (75%) and Xerox (25%). He served as Pacific Asia chairman of the Trilateral Commission.

Tokyo Midtown

Tokyo Midtown is a 569,000-square-meter mixed-use development in Akasaka, Tokyo, Japan. Completed in March 2007, the $3 billion project includes office, residential, commercial, hotel, and leisure space, and the new quarters of the Suntory Museum of Art. When completed, the Midtown Tower was the tallest building in Tokyo. The main building complex is surrounded by Hinokicho Park, a 10 acre public park containing green areas along with works of art.

Akasaka, Tokyo District in Tokyo, Japan

Akasaka (赤坂) is a residential and commercial district of Minato, Tokyo, Japan, located west of the government center in Nagatachō and north of the Roppongi district.

Inpex

INPEX Corporation is a Japanese oil company established in February 1966 as North Sumatra Offshore Petroleum Exploration Co., Ltd. INPEX is the largest oil and gas exploration and production company in Japan, with global exploration, development and production projects in 20 countries. In the 2020 Forbes Global 2000, Inpex was ranked as the 597th -largest public company in the world.

Tishman Speyer Properties is an American company that invests in real estate.

Instax Brand of instant still cameras and films

Instax is a brand of instant still cameras and instant films marketed by Fujifilm.

Photocopier Device for reproducing documents

A photocopier is a machine that makes copies of documents and other visual images onto paper or plastic film quickly and cheaply. Most modern photocopiers use a technology called xerography, a dry process that uses electrostatic charges on a light-sensitive photoreceptor to first attract and then transfer toner particles onto paper in the form of an image. The toner is then fused onto the paper using heat, pressure, or a combination of both. Copiers can also use other technologies, such as inkjet, but xerography is standard for office copying.

Robert W. Gundlach was an American physicist. He is most noted for his prolific contributions to the field of xerography, specifically the development of the modern photocopier. Gundlach helped transform the Haloid Company, a small photographic firm, into the thriving Xerox Corporation. Over the course of his 42 year career with the company, he contributed over 155 patents, making photocopying technology more affordable and practical. In 1966 Gundlach was named Xerox’s first Research Fellow, the highest non-managerial that could be achieved by a Xerox scientist. After his retirement in 1995, he was granted several patents associated with his hobbies, including a snow-making system and a special backpack.

HP Inc. American technology corporation

HP Inc. is an American multinational information technology company headquartered in Palo Alto, California, that develops personal computers (PCs), printers and related supplies, as well as 3D printing solutions.

References

  1. Corporate History Retrieved on February 4, 2014
  2. "Fujifilm acquires Xerox for $6.1 billion". Ars Technica. Retrieved 2018-02-01.
  3. Shirkey, Alec (2018-01-31). "A Giant Is Born: Fujifilm Deal Allows Xerox To Make Inroads Into Asia-Pacific Print Market, Bolster Next-Gen R&D Efforts". CRN. Retrieved 2018-02-01.
  4. Shirkey, Alec (2018-01-31). "Fujifilm Buys Controlling Stake In Xerox, Creating An $18 Billion Printer Industry Behemoth". CRN. Retrieved 2018-02-01.
  5. "Xerox shares down after board cans Fujifilm deal". CNBC. 2018-05-14. Retrieved 2018-05-15.
  6. "Xerox Reaps $2.3 Billion In Sale Of Fuji Xerox Stake". CRN. Retrieved February 19, 2020.
  7. Chanthadavong, Aimee. "Fuji Xerox rebrands as Fujifilm Business Innovation". ZDNet. Retrieved June 21, 2020.
  8. "FUJI XEROX Company Profile." Fuji Xerox. Retrieved on July 12, 2010.
  9. "FUJI XEROX Headquarters." (Direct image link) Fuji Xerox. Retrieved on July 12, 2010.
  10. "FUJI XEROX Headquarters Map." (Direct map image link) Fuji Xerox. Retrieved on July 12, 2010. Japanese version