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Fujifilm 1H revenue up 12% to $A14.4 billion

Fujifilm Group reported ¥1,349.9 billion ($A14.4 billion) in consolidated revenue In the first half of the fiscal year (up 12% year-over-year) - “reflecting sales increases mainly in the medical systems business and the electronic materials business.” In the company’s digital printing business, revenue was driven higher by growth in shipments of production printers as market conditions recovered.

1200x630_news_Acuity-Ultra-Hybrid-LED.jpg
In June 2022, Fujifilm entered the high-end hybrid market with the Acuity Ultra Hybrid LED

fuji log Screen Shot 2022 11 11 at 1.28.12 pmFujifilm’s operating income increased to a record high of ¥120.8 billion ($A1.29 billion) (also up 12% year-over-year). Consolidated income before income taxes amounted to ¥129.5 billion (down 0.3% year-over-year), “reflecting factors such as a decrease in valuation gains on marketable and investment securities.” Consolidated net income attributable to FUJIFILM Holdings totalled ¥95.2 billion (down 1.1% year-over-year). 

“In the graphic communication business, printing plates materials boosted revenue mainly due to a gradual revision of sales prices in each region, despite sluggish demand for offset printing in some regions resulting from soaring material and energy prices.,” Fujifilm said.

“In the digital printing field, revenue was driven higher by growth in shipments of production printers to the U.S. and Europe as market conditions recovered.

“In the inkjet business, sales of industrial inkjet printheads were strong due to increased demand in the European markets for building material printing and textiles, and ink sales also rose, mainly dye inks for the household and office markets. As a result, overall revenue climbed.

"In July 2022, we acquired UNIGRPHICA 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.”

The company has revised upward its financial forecast for the fiscal year ending March 31, 2023, “reflecting the current exchange rate trend and other factors. The company projects ¥2,800.0 billion in consolidated revenue (up 3.7% compared to the previous forecast), ¥260.0 billion in operating income (up 4.0% compared to the previous forecast), ¥270.0 billion in income before income taxes (up 3.8% compared to the previous forecast) and ¥200.0 billion in net income attributable to FUJIFILM Holdings (up 2.6% compared to the previous forecast).”

The annual dividend for the fiscal year ending March 31, 2023 is expected to be ¥120 per share.

Fujifilm Financial Results for the Six Months Ended September 30, 2022