Fujifilm: too early to say if it will invest in Olympus

Fujifilm: too early to say if it will invest in Olympus

TOKYO (Reuters) - Japan's Fujifilm Holdings is examination developments during scandal-ridden Olympus Corp though it is too early to contend if it will deposit in a opposition endoscope maker, a comparison executive told Reuters in an talk on Monday.

Fujifilm, a film and camera builder that has been persifying into medical apparatus and pharmaceuticals, as good as Sony Corp and Panasonic Corp were named by a journal final week as intensity investors in Olympus. The news pronounced Olympus was seeking to feed a collateral bottom by arising $1.3 billion in elite shares.

"It's a good business, that's for sure," pronounced Kouichi Tamai, a conduct of Fujifilm's medical systems unit, when asked about Olympus's essential endoscope pision.

Olympus commands 70 percent of a flexible endoscope marketplace while a rest is hold by Fujifilm and Hoya Corp.

But he added: "Until we know what will occur to Olympus as a company, it would all be theoretical, so we don't know."

Although Olympus, that has certified to concealing investment waste with controversial M&A deals, only managed to kick a Dec 14 gain news deadline and equivocate an involuntary delisting, it could still be delisted if a Tokyo bourse deems a past fake accounting to be amply serious.

Tamai also pronounced he had several merger targets in mind in a medical field, where Fujifilm has snapped adult a array of firms in new years and where it is targeting sales of 370 billion yen in mercantile 2013/2014, a 38 percent stand from a past year finished in March.

It is shopping out U.S.-based SonoSite Inc for $995 million including debt, a understanding that it hopes will make it a world's largest builder of unstable ultrasound apparatus in 3 years.

Tamai also pronounced he was not nonetheless certain either hospitals would switch pided from Olympus' endoscopes following a accounting liaison and how most Fujifilm would advantage if they did.

Shares in Fujifilm, that also competes with Olympus in cameras, were adult 1.6 percent in early afternoon trade, roughly in line with a Nikkei average. ($1 = 78.1000 Japanese yen)

(Reporting by Isabel Reynolds; Editing by Edwina Gibbs)

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