Fujifilm announced a roughly 10 billion yen ($63 million) investment to quintuple LTO tape production capacity at its Kanagawa Factory Odawara site by fiscal year 2028 relative to FY2025 levels, citing exponential data growth driven by generative AI. The expansion targets manufacturing of LTO Ultrium10 cartridges, the first generation to employ fine hybrid magnetic particles combining barium ferrite with strontium ferrite technology, following Fujifilm's 2011 commercial debut of barium ferrite media. Cloud service providers and data center operators are increasing tape adoption for high-volume, low-cost archival storage and cyber resilience; tape's offline, air-gapped nature provides a last line of defense against ransomware and sophisticated cyberattacks. Fujifilm has produced magnetic tape since the 1950s and released its first LTO Ultrium product in 2000, with each generation delivering higher compressed and uncompressed capacity limits. The FY2026-2028 project represents the company's largest dedicated LTO facility investment to date, covering manufacturing expansion and additional personnel.