Fujifilm Business Innovation Corporation, formerly known as Fuji Xerox Co., Ltd., is a Japanese company specializing in the development, production, and sale of xerographic and document-related products and services across the Asia-Pacific region. As a wholly owned subsidiary of Fujifilm Holdings, its headquarters are situated in Midtown West, Akasaka, Minato, Tokyo.
Originally established as a joint venture between Fujifilm and the American document management company Xerox, Fuji Xerox played a prominent role in the industry for 59 years. However, in 2019, Fujifilm assumed full ownership by acquiring the remaining shares, marking the conclusion of the long-standing partnership with Xerox. The formal conclusion of this collaboration occurred on March 31, 2021.
History
Fuji Xerox was established in 1962 as a 50:50 partnership with Rank Xerox.[1] Rank Xerox was absorbed into Xerox Corporation in 1997.[2]