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Fujifilm reports mixed financial results

Fujifilm reports mixed financial results

February 18, 2019

The company has unveiled its latest financial results for Q3 of FY19, reporting “flat” revenue but “record-high operating income”.

Fujifilm, which has experienced some well-publicised struggles this year centred around the notorious failed Xerox deal, has just published its latest financial result for Q3 of this financial year, ending 31 March 2019.

Summarising the results, Fujifilm explained that its operating income was “in line with the plan”, going on to elaborate that, compared to the previous fiscal year, revenue was “flat”, although operating income had “largely increased.”

The company reported revenue in Q3FY19 of ¥1.7 trillion ($15.3 billion/€13.5 billion), down 0.5 percent from the same period last fiscal year, while its operating income was cited at ¥158.3 billion ($1.4 billion/€1.2 billion), an increase of 28.6 percent from the same time last fiscal year.

Going by segment, Fujifilm revealed that its Document Solutions segment achieved revenue of ¥737.1 billion ($6.6 billion/€5.8 billion), a decrease of 5.9 percent from Q3 of the previous year.

As for operating income, the Document Solutions sector earned operating income of ¥66.9 billion ($605.2 million/€534.2 million).

Fujifilm explained that “though overall sales volume decreased from the previous fiscal year, the sales of multifunction devices developed for the Chinese market remained solid. In the office printer business, we reduced low-profit printer business.”

However, the OEM added, “Though revenue declined due to a reduction in low-profit, low-end printer business etc., operating income largely increased by a positive impact from structural reforms and improvements in profitability.”  

Categories : City News

Tags : Financials Fujifilm FY19 Q3

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