FUJIFILM Holdings Corp. has announced it has begun the assessment of a partial spin-off of its Business Innovation business, premised on the listing of the shares of FUJIFILM Business Innovation Corp., a wholly-owned subsidiary of FUJIFILM Holdings Corp., as one of the key strategic options aimed at sustainable growth of the Business Innovation business.

Under the Group Purpose, "Giving our world more smiles" and in accordance with its medium-term management plan, "VISION2030," the company aims to further enhance the corporate value of the Fujifilm Group and evolve into a company that creates value — or "more smiles" — for a wide range of stakeholders by promoting management with a strong emphasis on profitability and capital efficiency. In pursuit of this objective, the company has been developing and executing tailored strategies for each business segment to achieve strong and resilient growth.

The Business Innovation business is one of the company's key pillars of growth, accounting for approximately 35% of its consolidated revenue. Through its comprehensive portfolio of products, solutions and services that support evolving work styles, the business helps organizations and professionals enhance productivity and unlock creativity. Leveraging advanced technologies, including AI, it also serves as a trusted solutions partner, supporting customers in their digital transformation initiatives. As the Business Innovation business accelerates its shift toward a solutions-driven model and enters a new phase of growth, the company recognizes the need of the Business Innovation business for a more agile operating framework to effectively execute strategic initiatives and drive further business expansion. Accordingly, the company has commenced an assessment of a partial spin-off of the Business Innovation Business, as one of the key strategic options aimed at sustainable growth of the business.

To support the sustainable growth of the Business Innovation business following the spin-off, if implemented as one of the strategic options, the company is considering retaining a minority stake in FUJIFILM Business Innovation Corp. of less than 20%, enabling the business to continue utilizing the Fujifilm brand, including its trade name and generating synergies with companies in the Fujifilm Group. The company will proceed with its assessment, giving consideration to executing the spin-off within the next two to three years. Items to be assessed will include the selection of the listing market for the shares of FUJIFILM Business Innovation Corp. and the possibility of satisfying qualifications for tax-free treatment. The execution of the spin-off is subject to approvals, certifications and/or permissions by the relevant stock exchange, other relevant authorities, as well as shareholders and other stakeholders.