Fujifilm Q1 profits up amid strong sales
August 8, 2024
Fujifilm Holdings reports record-breaking Q1 revenue and profit driven by Imaging, Electronics, and Printer Segments.
Fujifilm Holdings Corporation has announced a remarkable performance for the first quarter of the fiscal year ending March 31, 2025, with the company’s revenue reaching ¥749.0 billion (€4.94 billion/ $5.11 billion), marking a 13.4% increase year-on-year. This robust growth is attributed to the strong sales in the Imaging, Electronics, Medical Systems, and Printer segments, along with the positive impact of favourable exchange rates.
Operating income saw a significant rise of 19.1%, totalling ¥62.2 billion (€410 million/ $424 million), while net income attributable to Fujifilm Holdings increased by 11.6% to ¥60.7 billion (€400 million/ $414 million). Earnings per share (EPS) for the quarter stood at ¥5.22 (€0.034/ $0.035).
The Printer segment, part of the Business Innovation division, saw a notable performance with increased revenue driven by higher exports of consumables to Europe and the U.S. The segment also benefited from higher sales of digital printers and inkjet printheads for the ceramic and commercial printing markets. Additionally, a joint venture with Konica Minolta to coordinate raw material and parts procurement is expected to streamline operations and enhance supply chain efficiency.
The Imaging segment benefited from increased demand, particularly in the United States and Europe, where the sales of endoscopes and CT/MRI systems showed substantial growth. The Electronics segment also performed exceptionally well, driven by a recovery in the semiconductor market and the integration of the semiconductor process chemicals business acquired from Entegris, Inc. in October 2023.
Fujifilm’s Medical Systems segment continued its upward trajectory with rising medical equipment sales, including the newly launched ELUXEO 8000 endoscope system and the Echelon Smart ZeroHelium MRI system. Despite these gains, the Healthcare segment faced challenges due to temporary suspensions of operations and ongoing structural reforms, particularly at the Texas manufacturing site.
Looking ahead, Fujifilm Holdings has forecasted record-high revenues and profits for the full fiscal year 2024, with projected revenues of ¥3,150.0 billion (€20.79 billion/ $21.50 billion), operating income of ¥315.0 billion (€2.08 billion/ $2.15 billion), and net income of ¥250.0 billion (€1.65 billion/ $1.71 billion). The company remains optimistic about its growth trajectory, bolstered by continued strength in its core segments and strategic investments in new business areas.
Fujifilm’s strategic initiatives, including establishing the Advanced Functional Materials Division and significant capital investments in expanding production capacity, underscore its commitment to innovation and market leadership. A planned annual dividend of ¥60 (€0.40/ $0.41) per share marks the 15th consecutive year of increases.
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