Corporate Profile 2015 A message from our top management To help our customers create values in their businesses Since our establishment in 1962, Fuji Xerox has followed our basic philosophy of helping customers and society foster mutual understanding through better communications. We revolutionized office work with Xerography; the technology that allows duplicating information on paper. We have not only established an innovative business model focusing on a rental service—providing utility— rather than providing devices, but also offered a wide range of products and services to support customers in communications and creating values. With recent diversification and globalization taking place in businesses and ever growing competition, improvement in work processes is required for faster decision-making. Times have changed in terms of doing business; companies are now collaborating with each other globally to move a project forward rather than handling everything themselves. It is becoming increasingly crucial to distribute and share information rapidly and accurately to develop an environment that allows creation of new knowledge. Communication not only supports businesses but also decides the changes they make. As the rapid evolution of Information and Communication Technology (ICT) and Internet of Things (IoT) networks the world and diversifies media, the amount and types of distributed information have become ever larger. With our technologies and expertise that we have cultivated over the years in communications overall, Fuji Xerox provides the best means of converting necessary information into optimal formats as well as expediting its distribution and sharing. Our goal is to help customers resolve issues in every phase of their work and expanding their businesses, which includes optimizing overall work flow, reinforcing governance and strengthening their relationships with their own customers. Moreover, we will not only provide solutions to individual companies but also offer a new communications environment with a wider scope to local governments and communities. In June 2015, we renewed the Fuji Xerox management structure. We will further grow our solutions and services businesses upon the solid corporate foundation we gained through the transformation of our business structure. As an industry leader in the Document Services and Communications field, Fuji Xerox aims at becoming a “true excellent company”—one who is recognized by customers and society as a partner who can solve business challenges on a global scale and support them create values. Tadahito Yamamoto Chairman of the Board and Representative Director Fuji Xerox Co., Ltd. Hiroshi Kurihara President and Representative Director Fuji Xerox Co., Ltd. Philosophy Mission Statement Shared Values A common goal for Fuji Xerox and all Group companies including The Shared Values comprise 10 value statements, each emphasiz- domestic and overseas affiliates and sales subsidiaries, as well as ing our responsibility and setting forth how we should approach all employees. business as members of society and as individuals based on a fundamental respect for humanity. Build an environment for the creation and effective utilization of knowledge. Contribute to the advancement of the global community by continuously fostering mutual trust and enriching diverse cultures. Achieve growth and fulfillment in both our professional and personal lives. Customer Satisfaction Adventurous/ Pioneer Spirit Environmental Consciousness Joy and Fulfillment Trust and Consideration Shared Values Scientific Thinking Cultural Diversity Professionalism Team Spirit 2 High Ethical Standards Corporate Overview Name Fuji Xerox Co., Ltd. Headquarters 9-7-3 Akasaka, Minato-ku, Tokyo 107-0052, JAPAN Telephone +81-3-6271-5111 Chairman of the Board and Representative Director Tadahito Yamamoto President and Representative Director Hiroshi Kurihara Date of establishment February 20, 1962 Established as a joint venture between Rank Xerox Limited (currently Xerox Limited) and Fuji Photo Film Co., Ltd. (currently FUJIFILM Holdings Corporation) Capital 20 billion yen Shareholders FUJIFILM Holdings Corporation (75%) Xerox Limited (25%) Number of employees 46,945 (FY2014); 8,530 (FY2014; unconsolidated) Business sites Headquarters: Tokyo Research laboratories: Yokohama (Kanagawa, Japan), Nakai-machi (Kanagawa, Japan), Palo Alto (California, U.S.) Development/manufacturing sites: Japan:Yokohama (Kanagawa, Japan), Ebina (Kanagawa), Takematsu (Kanagawa), Suzuka (Mie), Namerikawa (Toyama) China and other locations: Shanghai, Shenzhen (China), Hai Phong (Vietnam) and others Main sales and service offices in Japan: Approximately 300 cities including key locations such as Sapporo, Sendai, Tokyo, Yokohama, Nagoya, Kyoto, Osaka, Kobe, Hiroshima, Fukuoka and Okinawa Overseas bases (countries/regions): South Korea, China (including Hong Kong and Taiwan), the Philippines, Vietnam, Myanmar, Thailand, Malaysia, Singapore, Indonesia, Australia, New Zealand and the United States Directors and Corporate Auditors Chairman of the Board and Representative Director Tadahito Yamamoto President and Representative Director Hiroshi Kurihara Deputy President and Representative Director Haruhiko Yoshida As of July 1, 2015 Directors Hitoshi Fujiwara Toru Yamada Ursula M. Burns Corporate Auditors Full-time Corporate Auditors Keiji Somata Kouichi Tamai Corporate Auditors Corporate Officers Katsuhiko Yanagawa Shigetaka Komori James A. Firestone Masataka Jo Shigehiro Nakajima Kazimierz J. Herchold Koichi Tsukamoto Tetsuya Shiokawa As of July 1, 2015 President Hiroshi Kurihara Deputy President Haruhiko Yoshida Executive Vice President Hitoshi Fujiwara Katsuhiko Yanagawa Senior Vice President Toru Yamada Masanori Ichimura Isamu Sekine Jun Takagi Masaki Okano Koichi Harikae Toshiharu Yoneyama Tetsuya Toi Tomoyuki Matsuura Tetsuya Takagi Ryoichi Tsuruoka Junichi Kato Masashi Sakamoto Keiichiro Kawamoto Daiji Nagaoka Toru Miyamoto Masahiro Fujimaki Yoshihito Sekikawa Masataka Jo Masashi Honda Corporate Vice President Shuji Aso Yasuaki Onishi Yoshikazu Sato Masaaki Ikoma Chiaki Suzuki 3 Sales and Service Areas Performance Fuji Xerox’s sales and service areas cover Japan, China and P/L Overview (US GAAP) other Asia-Pacific countries and regions. Revenue (consolidated) The Americas, Europe and other regions are covered by Xerox Corporation and Xerox Europe. (¥ Billion) 1,200 1,024.2 1,142.9 1,188.9 Consolidated revenue by business segment (FY2014) 800 Japan 0 South Korea Taiwan Hong Kong The Philippines Vietnam Cambodia Laos Myanmar Thailand Malaysia Singapore 2012 2013 Office Printers: 16.1% 2014 (FY) Income before income taxes Consolidated revenue by geography (¥ Billion) (FY2014) (consolidated) 80 60 Indonesia 89.0 91.9 Other countries/ regions: 49% 68.1 40 New Zealand Australia 20 0 2012 2013 2014 (FY) Business Summary 4 Office Products: 43.8% Global Services: 15.7% 400 China Other Production Services: 13.2% Office Products Business Office Printers Business Document services and solutions business centered on digital color/ monochrome multifunction office devices Color and monochrome laser printer business based on Xerography and other technologies Production Services Business Global Services Business Business focusing primarily on on-demand printing systems and workflow support services for the digital printing market, as well as continuous-feed and cut-sheet printers for data output for missioncritical systems Outsourcing services for customers who are taking their business onto the global stage, with a focus on the management of printing environments and business processes Japan: 51% Main Locations Research/Development/Manufacturing Fuji Xerox R&D Square (Kanagawa, Japan) Fuji Xerox Hai Phong Co., Ltd. (Hai Phong, Vietnam) Fuji Xerox’s existing R&D sites were integrated here, aiming at reinforcing R&D functions through cross-divisional collaboration, shortening product development lead time, streamlining R&D costs, and fulfilling market needs swiftly by strengthening ties with customers. Produces multifunction devices, low-end LED printers and others Fuji Xerox of Shanghai Limited (Shanghai, China) Develops and produces low-to mid-speed copy/multifunction devices as well as toner cartridges Ebina Center (Kanagawa, Japan) Principal site to develop copy/ multifunction devices and related products, as well as to establish manufacturing technologies Takematsu Center (Kanagawa, Japan) Develops and manufactures imaging materials for copy/multifunction devices and printers Fuji Xerox Advanced Technology Co., Ltd. An affiliate company established in January 2010. It undertakes development of equipment functions—scanner, paper feed and peripheral devices—as well as custom hardware/software to control these functions. The company also specializes in product customization for specific customers and markets, manual creation, and product testing/evaluation. •Headquarters (located in Minatomirai Fuji Xerox R&D Square) •Ebina Center (located in Fuji Xerox Ebina Center) •Takematsu Center (Located in Fuji Xerox Takematsu Center) Fuji Xerox of Shenzhen Ltd. (Shenzhen, China) Produces laser printers, copy/ multifunction devices and consumables Fuji Xerox Eco-Manufacturing (Suzhou) Co., Ltd. (Suzhou, China) Recycles used products recovered throughout China (excluding Hong Kong, Macao and Taiwan) Fuji Xerox Eco-Manufacturing Co., Ltd. (Chonburi, Thailand) An integrated recycling site to recycle used products recovered from nine AsiaPacific countries and regions FX Palo Alto Laboratory, Inc. (California, United States) A research base in Palo Alto, California that conducts research mainly on multimedia and information-related technologies Fuji Xerox Manufacturing Co., Ltd. An affiliate company established in January 2010. It is responsible for prototyping and manufacturing office equipment, printing devices and related products, as well as their components and consumables. •Headquarters (located in Fuji Xerox Ebina Center) •Takematsu Center (located in Fuji Xerox Takematsu Center) Manufactures ground toner and photoreceptors, providing key component materials that support the image quality and reliability of Fuji Xerox products •Suzuka Center (former Suzuka Fuji Xerox Co., Ltd.) Manufactures key components including electronic and optical parts for copiers and multifunction devices. Also, the Center incorporates a resource recycling production system, where new products are assembled utilizing reused components that Fuji Xerox guarantees quality and performance equivalent to brand new components. •Toyama Center (former Fuji Xerox Imaging Materials Co., Ltd.) Manufactures imaging materials for copiers, multifunction devices and printers, and has a state-of-the-art plant exclusively for emulsion aggregation toner (EA toner) •Niigata Center (former Niigata Fuji Xerox Manufacturing Co., Ltd.) Manufactures high-end printers, mainly for Production Services. Its advanced manufacturing technologies deliver products of high quality and reliability to customers. Sales Offices Tokyo Sales Office (Tokyo, Japan) A core base for sales/marketing activities Greater China Operations (Shanghai, China) Promotes business development in China (including Hong Kong and Macao, excluding Taiwan) Asia Pacific Operations (Singapore) Promotes business development in the Asia-Pacific region (excluding the regions that China Sales & Marketing oversees) 5 Affiliates Affiliates in Japan Sales <Northern Japan Area> Fuji Xerox Hokkaido Co., Ltd. Fuji Xerox Iwate Co., Ltd. Fuji Xerox Miyagi Co., Ltd. Fuji Xerox Fukushima Co., Ltd. Regional Headquarters: Fuji Xerox Kitanihon Co., Ltd. <Kanto Area> Fuji Xerox Ibaraki Co., Ltd. Fuji Xerox Tochigi Co., Ltd. Fuji Xerox Gunma Co., Ltd. Fuji Xerox Saitama Co., Ltd. Fuji Xerox Chiba Co., Ltd. Fuji Xerox Niigata Co., Ltd. Fuji Xerox Nagano Co., Ltd. Regional Headquarters: Fuji Xerox Kanto Co., Ltd. <Tokyo Metropolitan Area> Fuji Xerox Kanagawa Co., Ltd. Fuji Xerox Tokyo Co., Ltd. Fuji Xerox Tama Co., Ltd. Regional Headquarters: Fuji Xerox Shutoken Co., Ltd. <Mid-Japan Area> Fuji Xerox Hokuriku Co., Ltd. Fuji Xerox Gifu Co., Ltd. Fuji Xerox Shizuoka Co., Ltd. Fuji Xerox Aichi Co., Ltd. Fuji Xerox Aichi-Higashi Co., Ltd. Fuji Xerox Mie Co., Ltd. Regional Headquarters: Fuji Xerox Chubu Co., Ltd. Sales <Western Japan Area> Fuji Xerox Kyoto Co., Ltd. Fuji Xerox Osaka Co., Ltd. Fuji Xerox Hyogo Co., Ltd. Fuji Xerox Okayama Co., Ltd. Fuji Xerox Hiroshima Co., Ltd. Fuji Xerox Shikoku Co., Ltd. Regional Headquarters: Fuji Xerox Nishinihon Co., Ltd. Fuji Xerox Advanced Technology Co., Ltd. <Kyushu Area> Fuji Xerox Yamaguchi Co., Ltd. Fuji Xerox Fukuoka Co., Ltd. Fuji Xerox Nagasaki Co., Ltd. Fuji Xerox Kumamoto Co., Ltd. Fuji Xerox Kagoshima Co., Ltd. Regional Headquarters: Fuji Xerox Kyushu Co., Ltd. Fuji Xerox Printing Systems Sales Co., Ltd. Conducts wholesaling of office laser printers Fuji Xerox InterField Co., Ltd. Markets office equipment, office furniture, stationary as well as consumables for copy machines, facsimiles and printers Development Fuji Xerox Information Systems Co., Ltd. Develops various software programs, including mission-critical systems, networks and applications Undertakes development of equipment functions—scanner, paper feed and peripheral devices—as well as custom hardware/software to control these functions. The company also specializes in product customization for specific customers and markets, manual creation, and product testing/evaluation. Manufacturing Fuji Xerox Manufacturing Co., Ltd. Develops prototypes and manufactures office equipment, printing devices and related products, as well as their components and consumables Human capital and organizational development services Fuji Xerox Learning Institute Inc. Provides consulting services for human capital development as well as educational aids, and conducts seminars Services and operation Fuji Xerox System Service Co., Ltd. Provides business process outsourcing services Fuji Xerox Service Creative Co., Ltd. Sales contract and management operations, finance and accounting operations, call center operations, and others. Fuji Xerox Service Link Co., Ltd. Provides document-related services Affiliates in other countries/regions ― Asia-Pacific Countries/Regions ― Sales Fuji Xerox Document Management Solutions Asia Limited Hong Kong Fuji Xerox Asia Pacific Pte Ltd.··············································· Singapore Fuji Xerox Singapore Pte Ltd.················································· Singapore Fuji Xerox Document Management Solutions Asia Limited Taiwan Fuji Xerox Asia Pacific Pte Ltd. (Malaysia Operations)········· Malaysia Fuji Xerox Vietnam Company Limited································· Vietnam Fuji Xerox Korea Co., Ltd.························································· South Korea Fuji Xerox Taiwan Corporation··············································· Taiwan Fuji Xerox (Thailand) Co., Ltd.················································ Thailand Lease Fuji Xerox Finance Limited (Australia)································· Australia Fuji Xerox Finance Limited (New Zealand)························· New Zealand Fuji Xerox Leasing (China) Limited······································· China Fuji Xerox Leasing (Thailand) Limited································· Thailand Fuji Xerox Philippines, Inc.······················································ The Philippines Fuji Xerox Australia Pty Ltd.···················································· Australia Development, procurement and manufacturing Fuji Xerox New Zealand Ltd.··················································· New Zealand PT. Astra Graphia, Tbk. (General agency for Fuji Xerox)········ Indonesia Fuji Xerox Global Services (China) Ltd.································ China Fuji Xerox of Shenzhen Ltd.···················································· China Fuji Xerox Asia Pacific Pte. Ltd., (Myanmar Branch)········· Myanmar Fuji Xerox Eco-Manufacturing (Suzhou) Co., Ltd.·············· China Upstream Print Solutions························································ Australia Fuji Xerox Hai Phong Co., Ltd.················································ Vietnam Fuji Xerox (China) Limited······················································ China Fuji Xerox China Procurement Service (Shenzhen) Co., Ltd.····· China Fuji Xerox Industry Development (China) Co., Ltd.·········· China Fuji Xerox Korea (Incheon Factory)······································ Korea Fuji Xerox (Hong Kong) Limited············································ Hong Kong Fuji Xerox Document Management Solutions Pty. Limited···· Australia Fuji Xerox Software Development Center of China············ China Fuji Xerox of Shanghai Limited············································· China Fuji Xerox Far East Ltd.····························································· Hong Kong Fuji Xerox Eco-Manufacturing Co., Ltd.································ Thailand Fuji Xerox Singapore Software Centre································· Singapore ― United States ― Xerox International Partners FX Global Supply Solutions, Inc. Provides OEM sales and support of laser printers and consumables Conducts supply chain management for Fuji Xerox products in Europe and North America FX Palo Alto Laboratory, Inc. Undertakes research on an outsourcing basis, mainly regarding multimedia and communication technologies (2015.7)