Fujifilm Announces The Financial Results of Fiscal Year Ended March 2023



Fujifilm Announces the Financial Results of Fiscal Year Ended March 2023

TOKYO, May 10, 2023 – FUJIFILM Holdings Corporation (President and CEO, Representative Director: Teiichi Goto) announced results today for the fiscal year ended March 31, 2023.

In the fiscal year ended March 31, 2023, revenue rose in all business segments, increased by 13.2% year-over-year to JPY2,859.0 billion. Despite a decline in special demand related to COVID-19 from the previous year in the Healthcare and Materials segments and higher costs for material and energy, operating income amounted to JPY273.1 billion, increased by 18.9% year-over-year, thanks to higher revenue and the impact of exchange rates. Net income attributable to FUJIFILM Holdings increased by 3.9% year-over-year to JPY219.4 billion with contribution from record high operating income.

Revenue reached a record high for the first time since the fiscal year ended March 2008. Operating income and net income attributable to FUJIFILM Holdings also reached record highs for the second and third consecutive years, respectively. For the three months of the fourth quarter, revenue, operating income and net income attributable to FUJIFILM Holdings all exceeded the forecast announced on February 8, reaching record highs for the fourth quarter.

Fujifilm achieved the targets of revenue and income for the final year of the medium term management plan VISION2023 one year ahead of schedule. For the fiscal year ending March 31 2024, the final year of VISION2023, the targets have been revised upward to the highest levels, with revenue of JPY2,950.0 billion, operating income of JPY290.0 billion, and net income attributable to FUJIFILM Holdings of JPY225.0 billion.

“In the fiscal year ended March 2023, sales, operating profit, and net income all reached record highs, and the Healthcare segment kept the largest share in sales and operating income,” says Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corporation. “Our direction of the Healthcare and Materials segments driving growth in the medium to long term remains unchanged, but the Imaging segment achieved remarkable results, doubling its operating income compared to the previous year, thanks to the strong performance of INSTAX and digital cameras. I am confident that our Imaging business will continue to underpin our business performance.”

Based on these strong financial results, the annual dividends for the fiscal year ended March 2023 are planned to be JPY130 per share, which is JPY10 higher than the previous annual forecast of JPY120. To celebrate the 90th anniversary of Fujifilm’s founding in January 2024 and to thank its shareholders for their continued support, the annual dividend forecast for the fiscal year ending March 2024 is JPY150 per share, marking the 14th consecutive annual dividend increase, consisting of a commemorative dividend of JPY10 per share and the ordinary dividend, which increased by JPY10 per share.

Highlights by business segments

Healthcare:

Materials:

Business Innovation:

Imaging:

For more details, please visit the Investor Relations section of Fujifilm website

https://ir.fujifilm.com/en/investors/ir-materials/earnings-presentations.html