Sunday, April 30, 2006

Fuji Facing a profit declining

According to last Friday's Wall Street Journal, Fuji Photo Firm Co. said their net profit dropped 56% in last fisical year.
The Japanese company produced all kinds of films and camera in the last decades. Among their products, color-film was their major product. As more and more people turned to use digital cameras, the Japanese company is now facing a big issue: restructuring operations. Restructuring operations cost the company a lot of money, and the company is hit by this heavy cost. Fuji's net profit fell to 37.02 billion yen ($ 322.7 million) from 84.50 billion yen a year ealier.

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