Fujifilm : Announces the Financial Results for the First Quarter Ended June 30, 2023

TOKYO, August 9, 2023 - FUJIFILM Holdings Corporation (President and CEO, Representative Director: Teiichi Goto) announced today the financial results for the first quarter, which ended June 30, 2023.

In the first quarter, revenue increased by 5.6% year-over-year to JPY660.8 billion, mainly due to strong sales in the Medical Systems and Imaging businesses and the impact of exchange rates. Thanks to revenue growth in the Imaging segment, operating income amounted to JPY52.2 billion, increased by 5.4% year-over-year, despite the sluggish semiconductor market for the Electronics Materials business. Net income attributable to FUJIFILM Holdings increased by 31.5% year-over-year to JPY54.4 billion due to valuation gains on marketable and investment securities.

Full-year consolidated forecast for the fiscal year ending March 2024 remains unchanged from the previous forecast, with revenue of JPY2,950.0 billion, operating income of JPY290.0 billion, and net income attributable to FUJIFILM Holdings of JPY225.0 billion, aimed to achieve its record highs. The annual dividend forecast for the fiscal year is JPY150 per share, including the 90th anniversary commemorative dividend of JPY10, marking the 14th consecutive annual dividend increase.

"In the first quarter, the Medical Systems and Imaging businesses contributed to an increase in both revenue and profit," says Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corporation. "In particular, revenue of the Imaging segment increased significantly by 30% year-over-year, and its operating income more than doubled. This demonstrates our ability to continue providing valuable products and services, including the INSTAX series, to the world. We stay committed to our plan to achieve record results in revenue, operating profit, and net income for this fiscal year."