Strong Imaging Business results bolster Fujifilm’s second-quarter results

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FUJIFILM Holdings Corp. reported second-quarter net income attributable to shareholders of 49.6 billion Japanese yen, down 16.2 percent from last year’s 59.1 billion yen, due to an increase in non-operating expenses. Operating income, however, edged up 0.1 percent to 73.4 billion yen from 73.3 billion yen a year ago.

Revenue for the quarter grew 5.2 percent to 765.7 billion yen from 727.7 billion yen last year, mainly due to strong sales in the Electronics and the Imaging Business.

In the first half of the fiscal year ending March 2025, revenue increased by 9.1% year-over-year to JPY1,514.7 billion, mainly due to strong sales in the Electronics and Imaging businesses, and the favorable impact of exchange rates. Operating income also benefited from revenue growth and the exchange rate impact, amounting to JPY135.6 billion, increasing by 8.0% year-over-year. Net income attributable to FUJIFILM Holdings decreased by 2.9% year-over-year to JPY110.3 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 remains unchanged from the previous forecast with some adjustments between the businesses, at revenue of JPY3,150.0 billion, 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.

“We have continued strong performance in the Electronics and Imaging segments, resulting in unprecedented sales and operating profit in the first half of fiscal year 2024,” says Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corporation. “We are maintaining our performance forecast to achieve record-high sales and profitability for the fiscal year ending March 2025. We are actively investing in facilities in growth areas such as Semiconductor Materials and Bio CDMO, demonstrating our confidence in expanding our business.”

In the imaging business, the company reported:

  • Strong sales of instant photo systems and digital cameras boosted revenue by 11.0% year-over-year to JPY126.5 billion and operating income by 29.2% year-over-year to JPY33.7 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 the strong sales of the latest models in the GFX and X series of digital cameras, which were released in June 2024, as well as the models released in the previous year.