According to a press release, the decision was made to enhance consolidated management, one of the three basic strategies of Fujifilm’s Vision 75 medium-term management plan. Under the new group management structure, the head office functions of both Fujifilm and Fuji Xerox Co. Ltd. will be concentrated at the Tokyo Midtown Project Midtown Front Tower from January 2007, resulting in a strategic collaboration between Fujifilm and Fuji Xerox in alignment with Xerox Corporation, which holds a 25 percent stake in Fuji Xerox.
The holding company will oversee strategic planning of the entire group, manage it on a group-wide basis, and strengthen the competitive position of each group business. Various strategic measures will be introduced to effeciently allocate resources within the group. The new structure will allow for quicker and smoother implementation of business reorganization and structural reforms including business alliances and business divestitures. The current Fujifilm Company will function as the new holding and the current business will be transferred to a newly created operating company. The holding company will continue to own shares of Fuji Xerox.