#Software Development #Fujifilm #E and M

E and M Corporation Forms Joint Venture with Fujifilm

E and M Corporation, headquartered in Chiyoda, Tokyo, has finalized an agreement with Fujifilm Business Innovation Corporation, based in Minato, Tokyo, to establish a joint venture. The primary goal of this collaboration is to enhance software development capabilities and technical expertise in the rapidly evolving digital landscape.

Purpose of the Joint Venture

This joint venture aims to build upon the deep cooperative relationship that has existed between E and M and Fujifilm Business Innovation. It will specifically focus on strengthening the development framework and resource allocation for software development initiatives, particularly in relation to multifunction printer software and solution services.

Through this venture, both companies intend to leverage their technological know-how and development skills, paving the way for a stable and effective operational structure. Additionally, the joint company will prioritize workforce skill growth and extensive opportunities for employee development, thereby ensuring sustained improvements in development capabilities over time.

Background Context

For years, E and M has served as a trusted partner for Fujifilm Business Innovation and its related companies, engaging in software development and solution services for multifunction printers. In light of recent technological advancements in areas such as AI, cloud computing, and data utilization, there is an urgent need to fortify the development framework to adapt to these changes effectively.

Recognizing this necessity, both E and M and Fujifilm have agreed to proceed with the establishment of the joint venture.

Overview of the Joint Venture

• - Company Name: FujiFilm E and M Corporation (tentative)
• - Location: 3-1-1 Kojimachi, Chiyoda, Tokyo (tentative)
• - Start Date of Operations: October 2026 (tentative)
• - Capital: 500 million yen (tentative)
• - Representative: Norihiko Iwaki, President and CEO
• - Equity Distribution: E and M Corporation 66.6%, Fujifilm Business Innovation Corporation 33.4%
• - Business Activities: Development of software related to multifunction printers, as well as solution services through contracts with Fujifilm and its affiliates.

Comments from Leadership

Norihiko Iwaki, President and CEO of E and M Corporation