Fujifilm Reports Growth for Q2 and First Half Year

Fujifilm Reports Growth for Q2 and First Half Year

According to Fujifilm, revenue increased 15% year-over-year to JPY¥622.4 billion (US$5.47 billion) in the second quarter (Q2), with operating income up 42.9% year-over-year to JPY¥51.6 billion (US$453.86 million). Income before income taxes increased 8.4% year-over-year to JPY¥52.1 billion (US$458.25 million), while net income attributable to Fujifilm holdings increased 6.3% year-over-year to JPY¥39 billion (US$343.00 million).

For the six months from April 1, 2021 to September 30, 2021, revenue turned out to be JPY¥1205.13 billion (US$10.61 billion), up 20.8% year-over-year. Operating income increased 91% to JPY¥107.86 million (US$0.95 million), while income before income taxes increased 30.5% to JPY¥129.90 million (US$1.14 million). Net income attributable to Fujifilm holdings turned out to be JPY¥96.26 million (US$0.85 million), up 42.4%.

“Revenue and operating income rose significantly year-over-year, driven by steady recovery from the impact of COVID-19 pandemic situation and organic growth of the healthcare and electronic materials businesses in particular. Revenue and profits were higher even compared to the first half of FY 2019, prior to the outbreak of the COVID-19 pandemic, which means that each business succeeded in boosting performance by taking preemptive measures based on its own situation,” said the spokesman of Fujifilm.

Fujifilm has been revised upward the full-year forecast, predicting that revenue will be of JPY¥2510 billion (US$22.10 billion), and operating income will be JPY¥220 billion (US$1.94 billion). Income before income taxes is predicted to be JPY¥240 billion (US$2.11 billion), while net income attributable to Fujifilm holdings will be JPY¥175 billion (US$1.54 billion).

About Fujifilm

Fuji Photo Film Co., Ltd. was established in 1934 as a subsidiary of Daicel with the aim of producing photographic films. In the 1940s, Fuji Photo entered the optical glasses, lenses and equipment markets. After the Second World War, Fuji Photo diversified, penetrating the medical (X-ray diagnosis), printing, electronic imaging and magnetic materials fields. In 1962, Fuji Photo and UK-based Rank Xerox Limited (now Xerox Limited) launched Fuji Xerox Co., Ltd. through a joint venture. Fuji Xerox was a joint venture between Fujifilm and Xerox Corporation of North America. After the dissolution of their partnership in 2019, Fujifilm made it a wholly-owned subsidiary. In January 2020, the corporate name change was announced, from Fuji Xerox to Fujifilm Business Innovation, effective on April 1, 2021.

Related:

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• FujiFilm Swaps New Printers for Old

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