Fujifilm (TYO:4901) agreed to sell part of its Chinese printing plate manufacturing subsidiary and related sales functions to Huangshan Jinruitai.
The move is part of the Japanese group's effort to improve profitability in the graphic communications business and explore strategic options including a partial spin-off, according to a Tokyo bourse filing on Wednesday.
Following the transaction, Fujifilm will concentrate global printing plate production in Japan while continuing to serve customers in Japan, North America and Mexico.
The transferred businesses account for less than 1% of Fujifilm's consolidated revenue, with the sale price undisclosed due to confidentiality obligations. The equity transfer is expected to close by year-end, with the sales function transfer to follow in the first half of 2027.