Fujitsu General Ltd. will exit the visual display business outside of Japan by March, due to declining profitability.
“During the past several years, the pricing and profitability of this segment has compressed beyond the point which our company could realize a satisfactory return on investment,” Fujitsu said in a statement.
The company will continue to offer support for products still under warranty, and will sell visual display products through its systems integration business in Japan. However, Fujitsu will focus most of its resources on other core categories, including heating and ventilation.
Tedd Rozylowicz, Fujitsu General America president, said his company is prepared to continue offering service and support for the displays it sold for "the next seven or eight years, at least," adding, "the longevity of some those products is pretty remarkable."
to Daily News