Short answers, pulled from the story.
Juntaro Suzuki was the vice president of Fujifilm who was shot dead by Yakuza gunmen in 1994. His murder occurred after he decided to stop paying protection bribes to organized crime syndicates. This event forced the company to restructure its internal controls and shift from a culture of silence to one of transparency.
The World Trade Organization delivered a ruling on the 30th of January 1998 that rejected Eastman Kodak's complaints against Fujifilm. This decision cleared Fujifilm of charges regarding unfair trade barriers and allowed the company to maintain its market position in Japan. The ruling exposed the firm to international scrutiny while it prepared for the rise of digital technology.
Fujifilm survived the decline of the film industry by leveraging its chemical engineering expertise to enter new markets such as medical imaging and cosmetics. The company developed products like magnetic tape data storage capable of holding 400 terabytes and digital X-ray systems. By 2006, film accounted for only 3 percent of its sales as it transitioned into a diversified conglomerate.
Fujifilm developed the drug favipiravir, known commercially as Avigan, which was considered as a potential treatment for the virus during the 2020 COVID-19 pandemic. This drug received approval from authorities in China, Russia, and Indonesia. The company also produces stem cells and biologics through its subsidiary Fujifilm Diosynth Biotechnologies.
Fujifilm acquired Hitachi's diagnostic imaging business in December 2019 for 1.63 billion US dollars. This acquisition expanded the company's medical portfolio and supported its transformation from a film manufacturer into a global technology leader. The move was part of a broader strategy to operate in diverse fields including medical electronics and biotechnology.
By July 2020, the Fujifilm Group had evolved into a complex network of more than 300 subsidiaries. These entities are organized under two operating companies and three shared services companies including Fujifilm Holdings Corporation. The group maintains operations in diverse fields ranging from instant film cameras to magnetic tape data storage.