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$A6.5 billion revenue in 3 months but profits hit: Fujifilm update

Industry giant Fujifilm Group recorded a 7.4% increase in revenue to ¥625.9 billion ($6.5 billion AUD) for the three months to June 30 as net income fell by 27% partly due to higher energy and raw materials costs.

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    In June 2022, Fujifilm entered the high-end hybrid market with the Acuity Ultra Hybrid LED

“Operating income amounted to ¥49.6 billion (down 12.0% year-over-year) mainly due to a decline in demand related to COVID-19 pandemic compared to the previous year and impact of surging energy and raw materials costs,” Fujifilm said. 

Consolidated income before income taxes amounted to ¥55.2 billion (down 29.0% year-over-year) and consolidated net income attributable to FUJIFILM Holdings totalled ¥41.4 billion (down 27.8% year-over-year).

“In the graphic communication business, the printing plates field was affected by a surge in raw material prices, but revenue increased due to a gradual revision of sales prices in each region and a market recovery from the impact of the COVID-19 pandemic situation,” the company said in its review of business segments. 

“Also in the digital printing field, revenue rose as the market continued on a recovery trend.

"In the inkjet business, sales of industrial inkjet printheads were steady, reflecting the growing demand in the construction material printing markets mainly in Europe. Sales of mainly dye inks for household and office markets rose, contributing to overall revenue growth. 

“In July 2022, we acquired UNIGRAPHICA AG, a leading European system integrator with strength in inkjet system customization, to further expand the inkjet business in Europe. We will further expand the business by providing advanced inkjet technology and high-quality products / services, while contributing to the expansion of the industrial-use inkjet market and the creation of a new industry through application of inkjet technology.”

In June 2022, Fujifilm Data Management Solutions, a  subsidiary of Fujifilm Business Innovation (formerly Fuji Xerox) acquired Melbourne-based digital messaging services provider Smart Messaging Services, trading as Intelli Messaging.

More quarterly financial details here.