Konica Minolta & Fujifilm Sign Joint Venture Agreement

Konica Minolta, Inc. announced this month that it has entered into a joint venture agreement with Fujifilm Business Innovation Corporation, marking a new phase in their cooperation on procurement of raw materials and part.

In April, Konica Minolta revealed its intention to explore potential partnerships with Fujifilm in a range of business segments, including office printers, multifunction printers, and production printers. The proposal to establish a joint venture to coordinate procurement of both companies was put forwarded at that time.

Following the signing of the agreement, additional details regarding the joint venture have been unveiled. Consistent with earlier announcements, Fujifilm will hold the majority ownership, and the venture is set to be established in the second quarter of fiscal year 2024. Some specifics, such as the company name, are yet to be finalized. Following is the information released by Konica Minolta so far:

Company Name	TBD
Address	Shin-Yokohama, Kohoku Ward, Yokohama City, Kanagawa Prefecture (TBD)
Capital Stock	JPY￥50 million (USD $0.32 million)
Establishment Date	September 30, 2024 (TBD)
Representative	Furukawa Masaharu, Director and Executive Office, Fujifilm Business Innovation Corporation
Staff Number	223 (including temporary staff) 162 from Fujifilm and 56 from Konica Minolta
Investment Ratio	Fujifilm Business Innovation Corporation: 75% Konica Minolta, Inc.: 25%
Main Business	– Planning procurement strategies and implementing them in respective departments at production sites – Negotiating with suppliers and procurement management – Ensure the quality, cost, delivery date, and environmental responsibilty of procured products

By establishing the joint venture, Konica Minolta aims to leverage the combined supplier networks of both companies to enhance supply system structure, improve business efficiency, and strengthen corporate foundations.

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Konica Minolta & Fujifilm Sign Joint Venture Agreement