Office machines specialist Fuji Xerox expects its business in the mainland and Hong Kong to expand even as minority owner Xerox struggles with its multi-billion dollar accounting scandal in the United States.
Fuji Xerox officials said the Tokyo-based company, which is 25 per cent owned by Xerox, aimed to generate increased hardware and software sales in the two markets based on the steady pick-up of their economies.
They also claimed that the problems of Xerox in the US would have no impact on the accounting of Fuji Xerox's own results, which are handled separately.
Fuji Xerox Hong Kong managing director Ramagopal Rao said the company's management is ultimately responsible to Fuji Photo Film, which owns 75 per cent of its shares.
'We can assure our customers in Hong Kong that they have no reason to be concerned about our performance because we have grown significantly in the last few years,' he said.
Connecticut-based Xerox last week moved to restate about US$6.4 billion of previously recorded equipment sales from 1997 to 2001.