Fujifilm reports sales increase in the first half
Fujifilm saw its revenue increase by 9.1% year-on-year in its first half, mainly due to strong sales in its Electronics and Imaging businesses and the favourable impact of exchange rates – although Graphic Communications also saw growth.
08 Nov 2024 | By PrintWeek Team
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In the first half of the fiscal year ending March 2025, for the period ended September 30, 2024, Fujifilm Holdings Corporation recorded revenue of Yen 1,514.7-bn.
Operating income also benefited from revenue growth and the exchange rate impact, amounting to Yen 135.6bn, increasing by 8% year-on-year.
Net income attributable to Fujifilm Holdings decreased by 2.9% year-on-year to Yen 110.3-bn.
In light of the strong performance of the Electronics and Imaging segment and the exchange rate, the 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 Yen 3,150-bn, operating income of Yen 315-bn, and net income attributable to Fujifilm Holdings of yen 250-bn, aiming to achieve record highs.
In the Graphic Communications business, Fujifilm said revenue increased due to the increased sales of printing plates for the US – despite the ongoing import duties row there – as well as digital presses for Europe and the US, and inkjet heads for the ceramic and commercial printing markets.
However, operating income decreased 40.3% year-on-year to Yen 18.8-bn mainly attributed to expenses incurred for enhancing the system to support the expansion of commercial manufacturing at the Bio CDMO business site in Texas, as well as the repercussions of the one-time income recorded in the prior period for LS Solutions.
“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,” said Teiichi Goto, president and CEO, representative director at Fujifilm Holdings Corporation.
He added, “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.”
(Source: PrintWeek.com)
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