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Solid Quarter for Fujifilm As Revenue and Profits Continue to Grow

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Continuing its strong results for the previous year, for which it posted record-high revenue and profit, Fujfilm of Japan reported solid financial results for its first quarter, which consisted of the three months that ended on June 30, 2024.

Fujifilm Business Innovation did not do as well, however, with operating income down year-over-year..

Fujifilm’s first-quarter net revenue was ¥749.0 billion ($5.08 billion), up 13.4 percent year-over-year, reflecting sales increases mainly in Fujifilm’s medical systems, semiconductor materials, and imaging businesses. Operating income was ¥62.2 billion ($422.47 million), up 19.1 percent year-over-year, and net income was ¥60.7 billion ($412.04 million), up 11.6 percent year-over-year. 

Fujiifilm Business Innovation

First-quarter revenue for Fujiifilm Business Innovation was ¥280.0 billion ($1.90 billion), up 3.9 percent year-over-year, and operating income was ¥14.4 billion ($97.74 million), down 12.9 percent year-over-year.

In the business-solutions business, revenue rose mainly due to an increase in sales of digital transformation (DX)-related solutions. In the office-solutions business, revenue increased year-over-year mainly due to higher exports to Europe and the U.S.

In the graphic-communications business, revenue was boosted by higher sales in the printing-plates field, particularly in North America and China; increased sales of production printers for the U.S. and European markets in the digital printing field; and a rise in inkjet print-head sales in the inkjet market.

Forecast

Fujifilm increased its forecast for its fiscal year that will end on March 31, 2025.

It’s now forecasting net revenue of ¥3.15 trillion ($21.38 billion), up 1.6 percent year-over-year; operating income of ¥315.0 billion ($2.13 billion), up 5 percent year-over-year; and net income of ¥250.0 billion ($1.69 billion), up 4.2 percent year-over-year.

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