Fuji Xerox Co. may miss its sales target for the next fiscal year because of slowing demand.
"Even if we manage to achieve our earnings plan this fiscal year, it will still be quite hard for us to boost sales enough to reach the target," President Tadahito Yamamoto said Monday. He was referring to the closely held company's revenue estimate of ¥1.1 trillion for the year starting April 1.
Business is slowing in China, where the company suspended a new television commercial featuring Hong Kong film actor Tony Leung, Yamamoto said. The easing sales in China add to uncertainty about the company's business outlook after corporate clients in mature markets began investing at a slower pace, he said.
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