IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Fujitsu to reportedly sell scanner business to Ricoh for $625 million

The Japanese IT services giant is hoping to focus more on software development

Fujitsu is reportedly set to sell its scanner business to imaging and electronics company Ricoh for 80 billion yen ($625 million) as it aims to focus on software development.

The Japanese IT services company will sell an 80% stake in its wholly-owned subsidiary PFU, a business scanner manufacturer, as reported by Nikkei Asia. Ricoh plans to combine office equipment and image data processing by incorporating PFU’s products in a new service.

Fujitsu is set to focus on software development in response to strong demand for digitisation of business processes like remote working.

The company has recently had success in this field. In March 2022, it emerged that Fujitsu had been awarded a £250 million contract by the UK’s HMRC for managed desktop services, extending a deal that originated in 2017. In early April, it was also awarded a £184 million contract by the Foreign, Commonwealth, and Development Office to provide networking and communications to 532 British embassies

The company continues to win UK government contracts despite its role in the Horizon scandal, where Fujitsu’s software had been used as evidence to successfully convict 736 Post Office workers of theft and false accounting between 2000 and 2014.

Related Resource

Four strategies for building a hybrid workplace that works

All indications are that the future of work is hybrid, if it's not here already

Black whitepaper cover with title and blue and orange square speech bubble graphicsFree webinar

PFU hasn’t released its earnings for 2021, although it reported a net profit of 3,952 million yen ($31 million) in 2020. This was its lowest net profit over four years, with the year previously being 6,029 million yen ($47 million). 

The two companies are set to make a formal decision on the deal by the end of the month and will also consider collaborating on the digitisation of office operations.

A spokesperson for Fujitsu acknowledged that it’s considering the matter carefully, although no decisions have been made as of this time. “Fujitsu will promptly announce matters that require disclosure as they arise,” they added.

Ricoh echoed this, with a spokesperson saying that no decision has been made at the moment, although the company is considering the matter.

Remote working has become increasingly important for Fujitsu, especially as it made 80,000 of its workers permanently remote in 2020 and planned to reduce its office footprint by 50%, as part of planning for a post-pandemic future. The company hoped to help employees enjoy unprecedented flexibility to improve their work-life balance.

Featured Resources

Four strategies for building a hybrid workplace that works

All indications are that the future of work is hybrid, if it's not here already

Free webinar

The digital marketer’s guide to contextual insights and trends

How to use contextual intelligence to uncover new insights and inform strategies

Free Download

Ransomware and Microsoft 365 for business

What you need to know about reducing ransomware risk

Free Download

Building a modern strategy for analytics and machine learning success

Turning into business value

Free Download

Recommended

India to roll out 6G by end of decade
Network & Internet

India to roll out 6G by end of decade

18 May 2022
Data centres that switch from HDDs to SSDs use 70% less power
data centres

Data centres that switch from HDDs to SSDs use 70% less power

16 May 2022
IT admin deletes company’s databases and is jailed for seven years
Policy & legislation

IT admin deletes company’s databases and is jailed for seven years

16 May 2022
Australia pledges $5 million to create tech skills passport
Careers & training

Australia pledges $5 million to create tech skills passport

11 May 2022

Most Popular

Russian hackers declare war on 10 countries after failed Eurovision DDoS attack
hacking

Russian hackers declare war on 10 countries after failed Eurovision DDoS attack

16 May 2022
Researchers demonstrate how to install malware on iPhone after it's switched off
Security

Researchers demonstrate how to install malware on iPhone after it's switched off

18 May 2022
Windows Server admins say latest Patch Tuesday broke authentication policies
Server & storage

Windows Server admins say latest Patch Tuesday broke authentication policies

12 May 2022