Fujifilm announces first quarter financials, imaging segment sales strong

FUJIFILM Holdings Corp. announced, in the first three months of the fiscal year ending March 2025, revenue increased by 13.4% year-over-year to JPY749.0 billion, mainly due to strong sales in the Electronics, Imaging, and Medical Systems businesses, and the favorable impact of exchange rates. Operating income also benefited from the revenue growth and exchange rate impact, amounting to JPY62.2 billion, increased by 19.1% year-over-year. Net income attributable to FUJIFILM Holdings increased by 11.6% year-over-year to JPY60.7 billion. In light of the strong performance of the Electronics and Imaging segment and the exchange rate, full-year consolidated forecast for the fiscal year ending March 2025 revised upward, at revenue of JPY3150.0 billion, operating income of JPY315.0 billion, and net income attributable to FUJIFILM Holdings of JPY250.0 billion, aimed to achieve its record highs. The annual dividend forecast for the fiscal year is JPY60 per share, marking the 15th consecutive annual dividend increase.

“We achieved exceptional milestones in the first quarter of fiscal year 2024, primarily driven by the outstanding performance of the Electronics and Imaging businesses,” says Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corporation. “This quarter saw our highest ever sales, operating income, and net income again. We are pleased that we have made a strong start toward achieving the goals of our mid-term management plan, VISION2030.”

Highlights from the Imaging segment:

• Strong sales of instant photo systems and digital cameras boosted revenue by 24.2% year-over-year to JPY105.2 billion and operating income by 38.9% year-over-year to JPY32.5 billion.
• In the Consumer Imaging business, steady sales of the “instax” instant photo systems drove revenue higher.
• In the Professional Imaging business, revenue rose due to strong sales of digital cameras released in the previous fiscal year.