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Record Financial Results for Fujifilm’s Fiscal Year

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Fujifilm of Japan has just released financial results for its complete fiscal year and fourth quarter, with both ending on March 31, 2025. The overall results were very good, although there was some weakness in the Office Solutions’ segment for Fujiilm Business Innovation.

Full Year

Full-year net revenue reached a record high, reflecting growth across all segments, and operating income also reached a record high, mainly driven by a rise in gross profit in line with higher revenue.

Net revenue was ¥3,195.8 billion ($21.99 billion), up 7.9 percent year-over-year (YoY), reflecting sales increases mainly in the Imaging segment and the Semiconductor Materials business in the Electronics segment. Operating income was ¥330.2 billion ($2.27 billion), up 19.3 percent YoY, and net income was ¥261.0 billion ($1.79 billion), up 7.2 percent YoY. 

Full-year net revenue for Fujifilm Business Innovation was ¥1,198.5 billion ($8.20 billion), up 3.5 percent YoY, and operating income was ¥74.6 billion ($514.26 million), up 10.7 percent YoY. Fujifilm says that in the Business Solutions segment, revenue increased primarily due to services provided to municipalities and higher sales of digital transformation (DX)-related solutions,

However, in the Office Solutions’ segment, revenue decreased mainly due to lower sales in Asia, caused primarily by the economic slowdown in China, and the discontinuation of low-profit printers for the European and U.S. markets. 

Fourth Quarter

Fourth-quarter net revenue was ¥868.30 billion ($5.98 billion), up 7.8 percent YoY; operating income was ¥106.87 billion ($736.72 million), up 48.9 percent YoY; and net income was ¥79.41 billion ($547.42 million), up 13.9 percent YoY.

Full-Year Forecast and Impact of Tariffs

Fujifilm estimates that the potential impact of tariffs will be a cost of $140 million (¥20.30 billion).

However, the company increased its forecast for net revenue, operating income, and net income. 

For its fiscal year ending on March 31, 2026, the company forecasts ¥3,280.0 billion ($22.61 billion) in net revenue, up 2.6 percent YoY;  ¥331.0 billion ($2.28 billion) in operating income, up 0.3 percent YoY; and  ¥262.0 billion ($1.80 billion) in net income, up 0.4 percent YoY.

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