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

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 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%

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