FX.co ★ FUJIFILM Holdings Q2 Profit Down, Operating Income Edges Up; Confirms FY24 Outlook; Stock Down

FUJIFILM Holdings Corp. reported a net income for the second quarter of 49.6 billion Japanese yen, marking a 16.2% decrease from the previous year's 59.1 billion yen. This decline is attributed to a rise in non-operating expenses. Conversely, operating income saw a modest increase of 0.1%, reaching 73.4 billion yen compared to last year's 73.3 billion yen.

Quarterly revenue experienced a growth of 5.2%, totaling 765.7 billion yen, up from 727.7 billion yen in the previous year, largely driven by robust sales in the Electronics and Imaging sectors.

For fiscal year 2024, FUJIFILM maintains its forecast of a net income of 250 billion yen, an operating income of 315 billion yen, and revenues amounting to 3.15 trillion yen. The company also announced plans for an annual dividend of 60 yen per share.

Meanwhile, in the Japanese market, FUJIFILM shares saw a decline of approximately 3.1%, trading at 3,524 yen.