FUJIFILM Holdings Corporation, The Current Fiscal Year Pretax Income Revised Downward by 2%

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Thu Nov 7, 2024 2:00 pm JST Earnings

4901 FUJIFILM Holdings Corporation 【US-GAAP】

Earnings Report

FUJIFILM Holdings Corporation <4901> [TSE-P] announced its financial results (based on US-GAAP) in the afternoon session on November 7th (14:00). The consolidated pretax income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.7% from the same period last year to 140 billion yen.

In addition, the full-year consolidated pretax income has downwardly by 1.5%, from the previous forecast of 330 billion yen to 325 billion yen (compared to 317 billion yen in the previous period), leading to a reduction in the profit growth rate from 4.0% to 2.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated pretax income for the October to March period (second half) is expected to grow by 11.7% from the same period last year, reaching 184 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated pretax income decreased to 68.6 billion yen, a 17.1% decrease compared to the same period last year. The operating profit margin decreased from 10.1% in the same period last year to 9.6%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	1,349,931	120,810	129,534	95,163	79.1	45.9	Nov 10, 2022	US-GAAP
Apr - Sep, 2023	1,388,470	125,546	152,074	113,560	94.4	47.9	Nov 8, 2023	US-GAAP
Apr - Sep, 2024	1,514,749	135,604	140,394	110,300	91.6	43.2	Nov 7, 2024	US-GAAP
YoY	+9.1%	+8.0%	-7.7%	-2.9%	-2.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	30	May 9, 2024	US-GAAP
Apr - Sep, 2024 Results	1,514,749	135,604	140,394	110,300	91.6	30	Nov 7, 2024	US-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	3,150,000	315,000	330,000	250,000	207.5	60	Aug 7, 2024	US-GAAP
Mar, 2025 New	3,150,000	315,000	325,000	250,000	207.5	60	Nov 7, 2024	US-GAAP
Revision Rate	0.0%	0.0%	-1.5%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,572,446	151,179	165,214	129,949	108.0	26.67	May 9, 2024	US-GAAP
Oct - Mar, 2024 Guidance	1,635,251	179,396	184,606	139,700	116.0	30	Nov 7, 2024	US-GAAP
YoY	+4.0%	+18.7%	+11.7%	+7.5%	+7.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,859,041	273,079	282,224	219,422	182.4	43.33	May 10, 2023	US-GAAP
Mar, 2024	2,960,916	276,725	317,288	243,509	202.3	50	May 9, 2024	US-GAAP
Mar, 2025 Guidance	3,150,000	315,000	325,000	250,000	207.5	60	Nov 7, 2024	US-GAAP
YoY	+6.4%	+13.8%	+2.4%	+2.7%	+2.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	727,711	73,329	82,777	59,148	49.2	10.1	Nov 8, 2023	US-GAAP
Oct - Dec, 2023	766,941	79,381	77,590	60,200	50.0	10.4	Feb 8, 2024	US-GAAP
Jan - Mar, 2024	805,505	71,798	87,624	69,749	57.9	8.9	May 9, 2024	US-GAAP
Apr - Jun, 2024	749,015	62,193	71,748	60,730	50.4	8.3	Aug 7, 2024	US-GAAP
Jul - Sep, 2024	765,734	73,411	68,646	49,570	41.2	9.6	Nov 7, 2024	US-GAAP
YoY	+5.2%	+0.1%	-17.1%	-16.2%	-16.2%