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Fujifilm Reports Sharp Increases for Latest Quarter

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Fujifilm Holdings of Japan today reported results for its first quarter, which consisted of the three months that ended on June 30, 2021.

Net revenue was ¥582.7 billion (U.S. $5.2 billion), up 27.7 percent year-over-year, which, according to Fujifilm, reflected sales increases mainly generated by its Healthcare group.

Operating income was ¥56.3 billion (U.S. $511 million), up 176.2 percent year-over-year, and net income was ¥57.3 billion (U.S. $520 million), up 108.4 percent year-over-year.

Fujifilm Business Innovation

Fujifilm Business Innovation reported revenue of ¥186.1 billion (U.S. $1.6 billion), up 10.2 percent year-over-year. Operating income for the group was ¥14.0 billion (U.S. $127 million) up 4.5 percent year-over-year.

Sales increased year-over-year in Japan, China, and the Asia-Pacific region. Exports to Europe and the United States also increased.

Fujifilm said after-sales “rose sharply as the market recovered from the COVID-19 pandemic.” It also said, “We will accelerate global development, including new OEM supplies.”

Revenue for the segment’s business-solutions business increased year-over-year, due to sales in Japan and steady performance of the business-process outsourcing (BPO) business, mainly outside of Japan.

Forecast

Fujifilm increased its forecast for its fiscal year that will end on March 31, 2022. It’s raised its revenue forecast 2.5 percent to ¥2.5 trillion, versus ¥2.1 trillion for the previous fiscal year. It raised its operating income forecast 11.1 percent to ¥200 billion, versus ¥165.5 billion for the previous fiscal year.

It also raised its net income forecast 23.1 percent to ¥160.0 billion, versus ¥181.2 billion for the previous fiscal year.

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