Fuji Film Reveals Results for Q1

Fuji Film Reveals Results for Q1

Fuji Film Reveals Results for Q1

Fuji Film Reveals Results for Q1In the first quarter (Q1) of the fiscal year ending March 31, 2022, Fuji Film Group reported that its consolidated revenue increased 27.7% year-over-year to 582.7 billion yen (US&5.33 billion) while operating profit increased 176.2% year-over-year to 56.3 billion yen (US$514.87 million).

Some other highlights included:

  • Consolidated income before income taxes amounted to 8 billion yen (US$711.50 million), up 84.3% year-over-year.
  • Consolidated net income attributable to Fuji Film Holdings totalled 3 billion yen (US$524.06 million), up 108.4% year-over-year.

According to FujiFilm, sales increase is mainly driven by the healthcare segment. The document solutions segment changed its name to the Business Innovation segment, reporting revenue of 186.1 billion yen (US$1.70 billion), up 10.2% year-over-year. The operating income of the segment turned out to be 14.0 billion yen (US$128.03 million), up 4.5% year-over-year. Imaging segment revenue in Q1 turned out to be 72.6 billion yen (US$663.92 million), up 45.6% year-over-year.

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



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