On May 18, 2018, Fujifilm Holdings reported financial results for the fourth quarter and full fiscal year ended on March 31, 2018. For the year ended in March 2018, Fujifilm reported revenue growth, but a big decline in operating income. Net income was up for the year. Just as Xerox’s Q1 results were overshadowed by
On May 13, Xerox caved into enormous pressure from activist shareholders Carl Icahn and Darwin Deason and announced that it was terminating its transaction agreement with Fujifilm, replacing former CEO Jeff Jacobson with new CEO John Visentin, and shuffling up Xerox’s board of directors (see “Xerox Gives Up on Fujifilm Deal, Reaches Another Agreement with
As we detailed in Part 3 of this series, printer OEMs are doing a lot to stop sellers from hawking counterfeit and infringing printer supplies on the Amazon marketplace. These efforts include following Amazon’s take-down procedures, filing a bevy of lawsuits against sellers, and working closely with authorities worldwide on enforcement issues to prevent the importation
On May 14, Konica Minolta closed the books on a better-than-expected fiscal 2017. Company revenue and both operating and net profits grew, and the firm’s results exceeded its forecast. The company’s fiscal 2016 was disappointing (see “Konica Minolta Posts Revenue and Profit Declines, Misses Forecast in FY 2016”). Both revenue and profits declined, and the
Xerox has reached a settlement agreement with Carl Icahn and Darwin Deason once again. A couple of weeks ago, when Xerox abruptly announced its previous agreement with Mr. Icahn and Mr. Deason was off, we wrote that there had been so many changes of direction and about-faces with the proposed Xerox/Fujifilm transaction that we were
The Age of Amazon has wrought changes that are both beneficial and detrimental to consumers, other businesses, and communities. Plenty of articles have been devoted to the “Amazon problem,” whether that means the closing of retail stores and emptying malls and strip malls, the bankruptcies of once-major retail chains, the types of jobs lost and
On May 9, Toshiba Tec reported its financial results for fiscal 2017, which ended on March 31, 2018. The company closed the books on a strong year in which net sales grew modestly but profits soared. Toshiba Tec proudly reported that its net income for the year was the highest in the company’s history and
As we explored in Part 1 of this series, over the last 24 years, Amazon has grown to become a critical channel for a wide variety of products, including printer supplies. Gaining access to tens of millions of customers has been great for ink and toner cartridge vendors, but Amazon has also adversely affected the industry.
On May 9, Brother Industries, Ltd. reported its financial results for the fourth quarter and full fiscal year 2017 ended on March 31, 2018. While some Japanese OEMs have been reporting mixed results in the year just ended, Brother joins Canon, which announced its year-end results in January (see “Canon Reports Turnaround in FY 2017
While Xerox is very much in the fray, fighting Carl Icahn, Darwin Deason, and other shareholders opposed to its plan to sell half its shares to Fujifilm and merge with Fuji Xerox, it has also tried to avoid responding tit-for-tat to every one of the numerous open letters to shareholders that Mr. Icahn and Mr.