Notice of Creation of Independent Investigation Committee and Postponement of Announcement of Financial Results for Fiscal Year Ended March 31, 2017
FUJIFILM Holdings Corporation (the “Company”) announced today that its Board of Directors has resolved to establish an Independent Investigation Committee, due to it becoming necessary to review the appropriateness of accounting practices related to certain sales leasing transactions occurring in or prior to fiscal year 2015 involving Fuji Xerox New Zealand Limited (“FXNZ”). FXNZ is an overseas sales subsidiary of Fuji Xerox Corporation, a company that is a consolidated subsidiary of the Company.
The Company also announced the postponement of the announcement of its financial results for the fiscal year ended March 2017 (from April 1, 2016 to March 31, 2017), originally scheduled for April 27, 2017, pending the release of the results of the investigation by the Independent Investigation Committee.
You can read the full statement here.
