Fuji Film's operating profit increased by 3.9% year-on-year in the first half of the 2023 fiscal year

Tech 2023-11-16 17:10:12 Source: Network

Global Network Technology Comprehensive ReportOn November 15th, Fuji Film Holdings Co., Ltd

Global Network Technology Comprehensive ReportOn November 15th, Fuji Film Holdings Co., Ltd. (hereinafter referred to as "Fuji Film Group") recently released its financial report for the first half of the 2023 fiscal year. Data shows that as of September 30, 2023, thanks to the strong sales performance of medical systems and imaging businesses, sales revenue in the first half of the year increased by 2.9% year-on-year, reaching 1388.5 billion yen; The operating profit for the first half of the year reached 125.5 billion yen, a year-on-year increase of 3.9%.

In terms of business sectors, the sales revenue of the healthcare sector increased by 6.4% year-on-year, reaching 448.2 billion yen, mainly due to the revenue contribution of all sub business sectors. However, due to the lack of revenue from cancellation fees in the previous fiscal year of the BioCDMO business, as well as the impact of inventory impairment in the BioCDMO and Life Science Solutions businesses, overall operating profit decreased by 6.0% year-on-year to 41.8 billion yen.

The sales revenue of the high-performance materials business decreased by 7.9% year-on-year, to 319.6 billion yen; Operating profit decreased by 51.5% year-on-year to 18.6 billion yen. Among them, the sales revenue of the electronic materials business has decreased, but with the completion of the acquisition of Entegris, Inc.'s semiconductor process chemicals business in October 2023, the company will further expand its business by strengthening its ability to meet customer needs across a wider range of products.

In the field of imaging, driven by strong sales of imaging systems and digital cameras, overall sales revenue increased by 19.5% year-on-year to 219.2 billion yen, and operating profit increased by 85.5% year-on-year to 49.4 billion yen. The stable sales of INSTAX's primary imaging system, a consumer grade imaging business under its umbrella, have boosted sales revenue growth. In its professional imaging field, following the launch of X-H2, X-H2S, and X-T5 in the previous fiscal year, the X-S20 digital camera was launched in June 2023, resulting in a significant increase in sales revenue.

In addition, the sales revenue of the business innovation sector increased by 0.8% year-on-year to 401.5 billion yen, and the operating revenue increased by 9.6% year-on-year to 33 billion yen.

It is reported that Fuji Film Group's comprehensive forecast for the fiscal year ending March 31, 2024 remains unchanged, with only some adjustments made between various businesses. It is expected to achieve sales revenue of 2950 billion yen, operating profit of 290 billion yen, and net profit attributable to Fuji Film Group of 225 billion yen.

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