Key Developments: Fujifilm Holdings Corp (4901.T)
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Latest Key Developments (Source: Significant Developments)
FUJIFILM Holdings Corp. And Dr.Reddy's Laboratories Ltd Call Off Joint Venture For Generic Drugs In Japan
FUJIFILM Holdings Corp. And Dr.Reddy's Laboratories Ltd announced that they have decided to terminate the MoU to enter into an exclusive partnership in the generic drugs business for the Japanese market and to establish a joint venture in Japan. Though the Memorandum of Understanding for generic drugs has been canceled, both the companies will explore partnerships in other related areas. DRL and Fujifilm signed a MoU on July 28, 2011 and the duo had conducted detailed studies on the establishment of a joint venture for developing and manufacturing generic drugs in Japan. However, as Fujifilm realigns its long-term growth strategy for the pharmaceutical business, both companies have come to a mutual agreement to terminate the MoU. The two companies will continue to explore partnership/ alliance opportunities in other pharmaceutical businesses such as API (active pharmaceutical ingredient) development and manufacturing, contract research and development and marketing of super-generics. Full Article
FUJIFILM Holdings Corp to Sell Shares through Private Placement
FUJIFILM Holdings Corp announced that it has decided to sell 137,488 shares of its common stock for JPY 1,795 per share or JPY 246,790,960 in total to a sub-subsidiary of the Company, which engages in the sale of imaging products as well as the provision for image and information service, effective March 14, 2013. Full Article
FUJIFILM Holdings Corp Lowers Consolidated Full-year Outlook for FY 2013
FUJIFILM Holdings Corp announced that it has lowered its consolidated full-year outlook for revenue from JPY 2,370,000 million to JPY 2,210,000 million, operating profit from JPY 140,000 million to JPY 125,000 million, ordinary profit from JPY 135,000 million to JPY 105,000 million, net profit from JPY 65,000 million to JPY 45,000 million and earning per share from JPY 134.94 to JPY 93.42, for the fiscal year ending March 2013. The Company lowered the outlook due to the impact of the global sluggish economic conditions, among others. Full Article
FUJIFILM Holdings Corp Completes Acquisition Of Business Process Outsourcing Division Of Australia's Salmat Limited
FUJIFILM Holdings Corp announced that it has completed the acquisition process of the Business Process Outsourcing (hereinafter BPO) division of Australia's business service provider Salmat Limited. The acquisition had been agreed on between the two companies. Fuji Xerox Co., Ltd. (hereinafter Fuji Xerox), which handles the document solution businesses under Fujifilm Group, acquired stock of Salmat Document Management Solutions Pty. Limited (hereinafter SDMS), Salmat's subsidiary that assumes the BPO business, and renamed it Fuji Xerox Document Management Solutions Pty. Limited (hereinafter Fuji Xerox Document Management Solutions) as consolidated subsidiary. The acquisition was worth AUD375 million. Full Article
FUJIFILM Holdings Corp Established New Philippines-based Subsidiary-Nikkan Kogyo
Nikkan Kogyo reported that FUJIFILM Holdings Corp announced that it has established a wholly owned subsidiary in Philippines, which is engaged in the direct sale of digital cameras, medical equipment and machine plates. Full Article
Sony Corp, Olympus Corp To Agree To Capital Tie-up This Month; Terumo Corporation And FUJIFILM Holdings Corp. Seeks To Buy Stake In Olympus-Reuters
Reuters reported that Sony Corp is in the final stages of talks to invest JPY50 billion ($646 million) in Olympus Corp, with an agreement expected by the end of September, state broadcaster NHK reported. Olympus is in talks with Sony to accept a cash injection in return for a stake. Terumo Corporation and FUJIFILM Holdings Corp. have also said they are seeking to buy a stake in Olympus. Full Article
Salmat Ltd Announces Divestment Of BPO To FUJIFILM Holdings Corporation
Salmat Ltd announced the sale of Business Process Outsourcing (BPO) division to FUJIFILM Holdings Corporation, (Fujifilm Holdings), for $375 million. The sale transaction follows Salmat’s announcement on May 30, 2012 that it had received an unsolicited approach regarding the possible acquisition of BPO division. Full Article
R&I Affirms Rating on FUJIFILM Holdings Corp. at "AA"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on FUJIFILM Holdings Corp at "AA". The rating outlook is stable. Full Article
Universal Display Corporation Purchases FUJIFILM Holdings Corp.'s Worldwide OLED Patent Portfolio
Universal Display Corporation and FUJIFILM Holdings Corp. announced that Fujifilm has sold and Universal Display has purchased the entire worldwide patent portfolio of more than 1,200 OLED patents and patent applications of Fujifilm for $105 million. Fujifilm and Universal Display have been exploring possible strategic relationships between the two companies, and have agreed to the sale and purchase of Fujifilm’s OLED patent portfolio in connection with a strategic relationship beneficial to both companies. This will allow Universal Display, in addition to strengthening its existing worldwide patent portfolio. Fujifilm will expand business for the supply of Fujifilm’s functional materials, such as barrier films, conductive films and flexible substrates, to OLED manufacturers around the world, including Universal Display’s worldwide customer base. Fujifilm and Universal Display intend to strengthen and enhance their strategic alliance in the future. Full Article
FUJIFILM Holdings Corp. Appoints Chairman of the Board and President
FUJIFILM Holdings Corp. announced that it has appointed Shigetaka Komori as Chairman of the Board and Representative Director, Shigehiro Nakajima as President, Chief Operating Officer and Representative Director, effective June 28, 2012. Shigetaka Komori is still serving as Chief Executive Officer in the Company. Full Article
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