TOKYO—Fujifilm Holdings Corp. said losses from accounting irregularities in New Zealand were much larger than first thought and extended to its Australian office-equipment unit, a development that raises further doubts about Japanese firms’ control over their overseas operations. The Japanese camera and copier maker said six board members at its mainstay subsidiary Fuji Xerox would resign to take responsibility for losses that have ballooned to Y37.5 billion ($340 million) between fiscal 2010 and 2015 from Y22 billion.

Source: Wall Street Journal June 12, 2017 10:30 UTC