was a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

partnership between the

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...

ese

photographic Photography is the art, application, and practice of creating durable images by recording light, either electronically by means of an image sensor, or chemically by means of a light-sensitive material such as photographic film. It is employed ...

firm Fujifilm Holdings and the

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...

document management A document management system (DMS) is usually a computerized system used to store, share, track and manage files or documents. Some systems include history tracking where a log of the various versions created and modified by different users is r ...

company

Xerox Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (having moved from St ...

to develop, produce and sell

xerographic Xerography is a dry photocopying technique. Originally called electrophotography, it was renamed xerography—from the roots el, ξηρός, label=none ''xeros'', meaning "dry" and -γραφία ''-graphia'', meaning "writing"—to emphasize ...

and document-related products and services in the Asia-Pacific region. Its headquarters was in Midtown West in Akasaka,

Minato, Tokyo is a special ward in Tokyo, Japan. It is also called Minato City in English. It was formed in 1947 as a merger of Akasaka, Azabu and Shiba wards following Tokyo City's transformation into Tokyo Metropolis. The modern Minato ward exhibits t ...

. Fuji Xerox was the world's longest running joint venture between a Japanese and an American company.

History

Fuji Xerox was established in 1962 as a 50:50 partnership with

Rank Xerox Rank is the relative position, value, worth, complexity, power, importance, authority, level, etc. of a person or object within a ranking, such as: Level or position in a hierarchical organization * Academic rank * Diplomatic rank * Hierarchy * H ...

. 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

machines and other devices, beginning with the FX2200

photocopier A photocopier (also called copier or copy machine, and formerly Xerox machine, the generic trademark) is a machine that makes copies of documents and other visual images onto paper or plastic film quickly and cheaply. Most modern photocopier ...

in 1973. This machine was considered the world's smallest copier. The company was also 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 Mackay may refer to: *Clan Mackay, the Scottish clan from which the surname "MacKay" derives Mackay may also refer to: Places Australia * Mackay Region, a local government area ** Mackay, Queensland, a city in the above region *** Mackay Airpor ...

North Queensland North Queensland or the Northern Region is the northern part of the Australian state of Queensland that lies just south of Far North Queensland. Queensland is a massive state, larger than many countries, and its tropical northern part has been ...

. Xerox Corporation transferred its

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

operations to Fuji Xerox in 2000 and Fuji Photo Film Co. raised its stake in the venture to 75% in 2001. As of March 2009, the company employed 40,646 people (Consolidated). 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. However, the deal was called off in May 2018 following resistance by Xerox's board. 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. 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 Corporation 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.

Headquarters

The headquarters of Fuji Xerox was located in Midtown West in

Tokyo Midtown is a 569,000-square-meter (6.1 million sq ft) mixed-use development in Akasaka, Tokyo, Japan. Completed in March 2007, the $3 billion (¥370 billion) project includes office, residential, commercial, hotel, and leisure space, and the new quarte ...

, Akasaka,

Minato Minato (港 or 湊) is Japanese for 'harbor', and may refer to: Places * Minato, Tokyo or Minato City, a special ward in Tokyo, Japan * Minato-ku, Nagoya, a ward of Nagoya, Japan * Minato-ku, Osaka, a ward of Osaka, Japan * Minato (湊), a neig ...

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.46 ...

.FUJI XEROX Company Profile
." Fuji Xerox. Retrieved on July 12, 2010. The headquarters of Fuji Xerox moved to its final location on January 15, 2007. Previously the company was headquartered in the in Tameike Sanou.
."
Direct map image link
) Fuji Xerox. Retrieved on July 12, 2010

References

External links

Fuji Xerox Company, Limited

Fuji Xerox Australia

Fuji Xerox Online SupportSwitched on to green powerEx-Doyukai Chairman Kobayashi dies
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The Yomiuri Shimbun The (lit. ''Reading-selling Newspaper'' or ''Selling by Reading Newspaper'') is a Japanese newspaper published in Tokyo, Osaka, Fukuoka, and other major Japanese cities. It is one of the five major newspapers in Japan; the other four are t ...

'', 9 September 2015 * Wiki collection of bibliographic works on Fuji Xerox {{Authority control

Xerox Electronics companies of Japan Multinational joint-venture companies Multinational companies headquartered in Japan Manufacturing companies based in Tokyo Service companies based in Tokyo Electronics companies established in 1962 1962 establishments in Japan

History

Headquarters

See also

References

External links