Fujifilm’s Q1 revenue increased by 5.6% to 660.8 billion yen [$A7 billion], "mainly due to strong sales in the Medical Systems and Imaging businesses and the impact of exchange rates."
Fujifilm's Acuity Ultra LED Hybrid Printer presented this year at FESPA Munich
Committed to record results this year: Teiichi Goto, CEO Fujifilm Holdings
"In the first quarter, the Medical Systems and Imaging businesses contributed to an increase in both revenue and profit," says Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corporation.
"In particular, revenue of the Imaging segment increased significantly by 30% year-over-year, and its operating income more than doubled. This demonstrates our ability to continue providing valuable products and services, including the INSTAX series, to the world. We stay committed to our plan to achieve record results in revenue, operating profit, and net income for this fiscal year."
In the first quarter ended June 30, 2023, Fujifilm’s revenue increased by 5.6% year-over-year to JPY660.8 billion, mainly due to strong sales in the Medical Systems and Imaging businesses and the impact of exchange rates. Thanks to revenue growth in the Imaging segment, operating income amounted to JPY52.2 billion, increased by 5.4% year-over-year, despite the sluggish semiconductor market for the Electronics Materials business. Net income attributable to FUJIFILM Holdings increased by 31.5% year-over-year to JPY54.4 billion due to valuation gains on marketable and investment securities.
“Full-year consolidated forecast for the fiscal year ending March 2024 remains unchanged from the previous forecast, with revenue of JPY2,950.0 billion, operating income of JPY290.0 billion, and net income attributable to FUJIFILM Holdings of JPY225.0 billion, aimed to achieve its record highs,” Fujifilm said. “The annual dividend forecast for the fiscal year is JPY150 per share, including the 90th anniversary commemorative dividend of JPY10, marking the 14th consecutive annual dividend increase.”
Selected business segments:
Materials:
Revenue decreased 10.4% year over year to JPY154.6 billion, and operating income decreased 58.1% year over year to JPY9.3 billion, mainly due to a slowdown in the semiconductor market and lower printing demand in the Graphic Communication business.
Revenue from the Display Materials business declined due to production adjustments across the entire supply chain in reaction to extraordinary demand during the COVID-19 pandemic and also due to weak demand for consumer devices.
In the Graphic Communication business, revenue in the printing plates field declined mainly due to lower demand for printed materials, mainly in Japan, Europe, and the U.S.
In the Inkjet business, revenue fell as sales of inkjet printheads to the ceramic market were driven down by slow demand in Europe and China.
Business Innovation:
Overall revenue grew by 3.2% year-over-year to JPY194.2 billion due to an increase in revenue from the Business Solution business, and operating income grew by 18.7% year-over-year to JPY16.9 billion.
In July 2023, FUJIFILM Business Innovation announced an expansion of production capacity for Super EA-Eco Toner, which features industry-leading low-temperature fusing performance. A new manufacturing process that reduces carbon dioxide emissions will also be introduced to contribute to a decarbonized society through product supply.
In the Business Solutions business, revenue was driven upward by sales increase to domestic municipalities and the contribution of sales from the Australian IT service company MicroChannel Services (now named FUJIFILM MicroChannel Services Pty Ltd), acquired in the fiscal year ended March 2023.
