Fujifilm says to invest $11 billion over 3 years to speed healthcare, materials segments growth

FILE PHOTO: Fujifilm's company logo is seen at its exhibition hall nearby the headquarters of Fujifilm Holdings Corp in Tokyo

TOKYO (Reuters) – Fujifilm Holdings Corp said on Thursday it plans to invest 1.2 trillion yen ($11.02 billion) over three years to accelerate growth in healthcare and its highly-functional materials businesses.

Healthcare will become the company’s largest segment in terms of revenue and operating income, Fujifilm said in a release about its medium-term management plan.

Fujifilm announced last month that Shigetaka Komori, who oversaw the company’s transition from film business to healthcare, would step down as chairman and chief executive in June.

($1 = 108.9000 yen)

(Reporting by Rocky Swift; Editing by Shri Navaratnam)

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