In the late fiscal year ended March 31, 2009, triggered by the worldwide financial crisis, the economic environment abruptly changed causing global demand contraction and appreciation of the yen. Being affected seriously by such changes, Fujifilm's entire business, which had achieved its highest sales and operating income in the previous fiscal year, experienced a drastic downturn.
The economy is expected to remain severely depressed for some time to come. However, in order to secure our constant growth even in such an environment, Fujifilm is determined to rapidly build a robust corporate constitution and reconstruct growth strategies in the business fields where the market is expected to further expand.
From fiscal year ending March 31, 2010, Fujifilm will implement structural reforms without hesitation and conduct stringent cost and expense reduction throughout the company. Through these measures, Fujifilm aims to reduce fixed costs and increase turnover of assets on a large scale.
Fujifilm continues to concentrate its management resources into the five priority business fields where great growth potential exists and strengths of its technologies and products can be displayed.
| Business Fields | Growth strategies |
|---|---|
| Medical Systems /Life Sciences | Accelerate the establishment of a new type of comprehensive healthcare business by leveraging fundamental technologies in such areas as diagnostic imaging, analysis, FTD(*1), synthesis, drug discovery and RI(*2).
|
| Graphic Arts | Strengthen as a core business by employing our inkjet and xerography technologies and effectively coordinating such management resources as marketing channels and brand values in the digital printing market Aim for the top global market share for CTP plates |
| Documents | Bolster operations in such growth areas as production services, solution business and global services Strengthen our business base by continuously expanding color device sales and reinforcing applications to increase the volume of color printing |
| Optical Devices | Further expand the market share of camera phone lens units by launching ultra-compact, high-image-quality products Expand such new fields as security camera lenses and automotive camera lenses |
| Highly Functional Materials | Boost sales of highly functional films in the FPD materials business Create new businesses in highly value-added functional materials, including solar cell materials, by applying leading-edge core technologies Focus on product development relating to environmental protection and energy fields |
Fujifilm strengthens its sales activities centering on medical/graphic arts in strategic areas such as BRICs, Turkey, and the Middle East. In this effort, Fujifilm introduces high quality and low price products to expand our business in such areas, aiming to double our sales in BRICs in five years.