Fujifilm Holdings Corp. plans to participate in the upcoming bidding for Toshiba Corp.’s fully owned medical equipment unit, it has been learned.
Fujifilm expects synergies from its acquisition of Toshiba Medical Systems Corp. because its medical equipment operations do not overlap much with those of the Toshiba unit, informed sources said.
Hitachi Ltd., Canon Inc. and Sony Corp. also appear to be interested in acquiring Toshiba Medical Systems.
Toshiba Medical Systems, based in Otawara, Tochigi Prefecture, has strength in diagnostic imaging systems, including computed tomography and magnetic resonance imaging scanners.
In the business year to March 2015, Toshiba Medical Systems logged sales of ¥405.6 billion ($3.46 billion) and an operating profit of ¥26 billion ($220 million).
Fujifilm, which has been diversifying its operations, is promoting medical equipment as one of its core areas. But it currently does not make CT or MRI scanners.
Toshiba plans to sell 50 percent or more of its stake in the unit as part of efforts to improve its financial health, which is bound to deteriorate due to business restructuring.
The company is likely to hold a first round of bidding within this month. Toshiba hopes to pick a buyer by the end of March, after a second round of bidding, the sources said.
Toshiba expects to gain some ¥500 billion if it sells 80 percent of Toshiba Medical Systems, according to the sources.