fujifilm financial news

H1 FY2017 Headlines (Apr 1, 2016 to Sep 30,2016)

  • Overall company Revenue up +4.7%
  • Overall company Operating Income up +21.5%
  • Imaging Solutions segment Revenue up +9.2%
  • Imaging Solutions segment Operating Income up 225%

Overall Business Results

This has been a pretty good start to the financial year for Fujifilm. Revenue is up strongly in Imaging and Information with just Document segment in a small decline. Operating-income has risen in Imaging and Information with just the Document segment in decline. So a firm base for the rest of the year.

fujifilm news

H1 FY2017 Headlines (Apr 1, 2016 to Sep 30,2016)

  • Overall company Operating Income falls -21.3%
  • Overall company Revenue falls -8.6%
  • Imaging Solutions segment Revenue fall -11.5%
  • Imaging Solutions segment Operating Income falls -28.5%

The headline figures overshadow what has been a reasonable first half of the year for Fujifilm. The figures are spoiled by the negative impact from the strengthening of the ¥en. Take out that factor and Revenues would be about on par with the previous year but Operating Income would be ahead by 7.5%. What is more difficult to understand is why forex should have such a big impact when over 40% of revenue is credited to the home market.

Previously, the forecast for the full year saw Revenues rising by 2.3% and Operating Income rising by a substantial 15.1%. Overviewing the global economy over this first half the trend is of gradual economic recovery with signs of weakness in Asia. So even given the problems with exchange rates, some more growth was expected.