NBR SPECIAL INVESTIGATION: Questions raised over massive $51m loss at Fuji Xerox NZ

Fuji Xerox, which claims to be the market leader in “document solutions,” revealed a staggering loss of more than $51 million this month on its New Zealand operation.

Accounts filed with the Companies Office show a plunge in revenue for the year ending in March, after nearly a decade of record sales.

Industry figures believe the plunge is linked to the sudden departure of two of its senior executives earlier this year.

They also believe it is the result of a vicious price war in New Zealand, which has raised eyebrows amongst its competitors and its own staff.

Fuji Xerox's customers include some of the biggest blue-chip companies in New Zealand, various government agencies, and many high-profile schools.

Click here for the full story (if you don't have a sub, click the links anyway and follow the prompts to claim a 30-day free trial. To subscribe, click here).

Part 1 - What’s been going on inside Fuji Xerox?

Part 2 - Fuji Xerox declines to respond to “rumours and innuendo”

Part 3 -  Fuji Xerox makes worldwide decision to change its auditor to KPMG

Part 4 - Fuji Xerox Japanese owners wanted ‘more, more, more’

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