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Fujifilm Begins Reviewing Partial Spin-Off of Business Innovation Unit

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Fujifilm (TYO:4901) began the review of the partial spin-off of its Business Innovation unit, which is expected to further enhance the corporate value of the Fujifilm Group, according to a Thursday filing with the Tokyo Exchange.

The Business Innovation unit accounts for 35% of Fujifilm's consolidated revenue and has a strong capability to generate cash, according to the filing.

Fujifilm will continue to hold a portion of the shares of Fujifilm Business Innovation Corp. after the spin-off is carried out, while distributing the remaining shares to the firm's shareholders via dividends in kind, it said.

Shares of the photography company added over 1% at market close.

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Fujifilm Begins Reviewing Partial Spin-Off of Business Innovation Unit | FINWIRES