Fujifilm Announces Financial Results for the 3rd Quarter Ended Dec. 31, 2024

FUJIFILM Holdings Corp. announced third-quarter financial results, which ended on Dec. 31, 2024. In the first nine months of the fiscal year, revenue increased by 8.0% year-over-year to JPY2,327.5 billion, mainly due to strong sales in the Electronics and Imaging businesses, and the favorable impact of exchange rates. Operating income also benefited from the revenue growth and exchange rate impact, amounting to JPY223.3 billion, an increase of 9.0% year-over-year. Net income attributable to FUJIFILM Holdings increased by 4.5% year-over-year to JPY181.5 billion. The full-year consolidated forecast for the fiscal year ending March 2025 remains unchanged from the previous forecast, with some adjustments between the businesses, reflecting the strong performance of the Electronics and Imaging segment, as well as favorable exchange rates. The forecasted revenue is JPY3,150.0 billion, with operating income of JPY315.0 billion, and net income attributable to FUJIFILM Holdings of JPY250.0 billion, aiming to achieve record highs. The annual dividend forecast for the fiscal year is JPY60 per share, marking the 15th consecutive annual dividend increase.

“Fujifilm has delivered strong financial results for the first nine months, driven by robust performance in our Electronics and Imaging segments, resulting in unprecedented sales and operating profit for this period,” says Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corp. “We aim to achieve record-high sales and profit for the fiscal year ending March 2025. To further accelerate the growth of our semiconductor materials business, we plan to invest JPY170 billion in capital expenditure and R&D over the three years up to the fiscal year ending March 2027. This investment, which is more than double compared to the last three years, will strengthen our global supply structure, enabling us to meet the increasing demand for advanced semiconductor materials and solve customers’ issues near their production sites.”

• Revenue amounted to JPY240.5 billion, a slight decrease of 0.8% from the previous year and operating income came in JPY10.6 billion, making a year-over-year decline of 42.3%.
• The Medical Systems business experienced a revenue downturn primarily in China.
• In the Bio CDMO business, revenue increased due to the favorable exchange rate and partial contribution from sales at our new facility in Denmark, which features large-scale tanks.
• In the LS Solutions business, revenue decreased as the market for cell culture media is still in the course of recovery.

• Revenue increased by 15.3% year-over-year to JPY108.4 billion and operating income grew by 43.4% year-over-year to JPY19.5 billion.
• In the Electronic Materials business, revenue rose by 12.6% year-over-year, driven by strong demand for advanced semiconductor materials used in generative AI.
• In the Advanced Functional Materials business, revenue increased by 19.3% year-over-year due to strong orders for antireflection materials for OLEDs.

• Overall revenue increased by 4.7% year-over-year, reaching JPY294.4 billion, and operating income rose by 5.1% year-over-year, amounting to JPY17.5 billion.
• In the Business Solutions business, revenue growth was primarily driven by higher sales of solutions related to digital transformation.
• The Office Solutions business experienced increased revenue due to higher sales of multifunctional printers in Japan, Europe and the United States.
• Revenue in the Graphic Communications business grew due to increased sales of digital printers in Europe and the United States, as well as a rise in sales of inkjet heads for the ceramic market.

• Strong sales of instant photo systems and digital cameras boosted revenue by 13.4% year-over-year to JPY169.5 billion and operating income surged by 23.6% year-over-year to JPY48.8 billion.
• In the Consumer Imaging business, consistent sales of the instax instant photo systems contributed to higher revenue.
• In the Professional Imaging business, sales of digital cameras in China increased. The ongoing strong performance of digital cameras released last year, including the X100Ⅵ, GFX100S II, X-T50, X-M5 further bolstered overall sales.