15 May 2019
Fujifilm Hits Record Profits. Still Pursuing Xerox Take Over.
Fujifilm's  operating income and net income  reached record highs, of ¥209.8bn (up 70.1% year-on-year from ¥123.3bn) and ¥157.1bn (up 8.9% year-on-year from ¥144.2bn) respectively.Fujifilm’s . Document Solutions segment recorded revenue of ¥1.006tn, down 4% year-on-year. The segment’s operating income was ¥96.4bn, 11.5 times the level of the previous fiscal year.In the Document Solutions segment’s production services business,  sales were strong for the Iridesse, which is a Fuji Xerox product,
mainly in the US and Europe. Chief operating officer Kenji Sukeno stated: "As we are fundamentally strengthening Fuji Xerox's business, a combination with Xerox is preferable but not a necessity. Since we still believe the proposal for a business combination structured as announced on 31 January 2018 would be best for both companies and their shareholders, we will thoroughly explain its validity and legitimacy in the courts."
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