Search

The article reports that Tokyo, Japan-based Fujifilm is in the process on remaking itself in the face of the rapid decline of its core photographic film business. The company moved its headquarters to Tokyo Midtown. In April 2006, the company inaugurated a research and development center. In 2000, Fujifilm generated about 50% of its profit from photographic films. However, the worldwide photographic films market has decreased in size from $17 billion in 2001 to $7 billion in 2006.