Fujifilm Announces Financial Results for the Fiscal Year Ended March 31, 2025
TOKYO, May 8, 2025 – FUJIFILM Holdings Corporation announced today financial results for the full fiscal year ended March 31, 2025. For the fiscal year, revenue increased by 7.9% year-over-year to JPY3,195.8 billion. This growth was primarily supported by robust performance in the Electronics and Imaging businesses, and the favorable impact of exchange rates. Operating income rose 19.3% year-over-year to JPY330.2 billion, driven by revenue growth and currency effects. Net income attributable to FUJIFILM Holdings increased by 7.2% year-over-year to JPY261.0 billion.
For the fiscal year ending March 31, 2026, the company projects record-high financial performance, with revenue of JPY3,280 billion driven by the commencement of operations at new large-scale Bio CDMO facilities. Operating Income is expected to grow 9.4% year-on-year, excluding one-time gains from asset sales and foreign exchange effects from the previous fiscal year, to reach JPY331.0 billion. Net income attributable to FUJIFILM Holdings is forecasted JPY262.0 billion. This outlook does not account for potential impacts of U.S. tariff policies.
The annual dividend for the fiscal year ended March 31, 2025, is forecasted at JPY65 per share, aligning with the company’s 15th consecutive annual dividend increase. For the fiscal year ending March 31, 2026, the dividend is projected to increase further to JPY70 per share.
“We are pleased to announce record-high revenue, operating income, and net income for the fiscal year ended March 31, 2025, the first year of our medium-term management plan, VISION2030,” says Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corporation. “These results were driven by strong performance in semiconductor materials within the Electronics segment, and solid growth in the Imaging segment, including the instax™ series and the X and GFX series digital cameras. Building on this momentum, our focus for the current fiscal year is to achieve continued growth by further expanding in the areas such as semiconductor materials for generative AI, and scaling operations in the Bio CDMO business. We are committed to accelerating progress towards the goals outlined in VISION2030 and establishing Fujifilm as a collection of global leading businesses.”
Fourth-quarter financial highlights from January 1, 2025, to March 31, 2025, by business segments
In the fourth quarter, revenue increased by 7.8% year-over-year to JPY868.3 billion. Operating income was JPY106.9 billion, increasing by 48.9% year-over-year. Net income attributable to FUJIFILM Holdings increased by 13.9% to JPY79.4 billion.
Imaging
- Strong sales in instant photo systems and digital cameras drove revenue up by 14.1% year-over-year to JPY115.3 billion and operating income surged 1.9 times from the previous year to JPY24.2 billion.
- In the Consumer Imaging business, steady demand for instax™ instant photo systems contributed to the increase in revenue.
- In the Professional Imaging business, sales of digital cameras grew in China and Europe. The continued strong performance of last year’s digital cameras releases, including the X100VI, GFX100S II, X-T50 and X-M5 further bolstered overall sales.
Imaging Segment
In the Imaging segment, consolidated revenue amounted to ¥542.0 billion (up 15.4% year-over-year).
Consolidated operating income amounted to ¥139.2 billion (up 36.4% year-over-year).
In the consumer imaging business, revenue increased as sales of the instax instant photo systems remained strong. In the fiscal year under review, we launched a variety of new products, including the instax WIDE 400 wide-format analog camera, the instax Link 3 smartphone printer with advanced AR effect function, and the highend instax WIDE Evo, which offers the most extensive range of effects in the series, thereby offering new photography experiences that cater to a wide range of ages and user needs. Through the event-oriented instax Biz application, we are expanding the instax fan base in various fields such as games, sports and music. We will continue to expand the world of instax, enabling people to enjoy instant photo printing and further enhancing the joy and value of photography.
In the professional imaging business, solid sales of digital cameras drove revenue growth. In the fiscal year under review, we launched the FUJIFILM GFX100S II, the FUJIFILM X-T50 and the FUJIFILM X-M5. In March 2025, we announced the launch of the FUJIFILM GFX100RF—the first digital camera with a built-in lens in the GFX series—featuring both high image quality through a large-format image sensor approximately 1.7 times larger than a full-frame sensor, and a compact, lightweight design. We will continue to offer outstanding image quality with large format sensors in the GFX series and the best balance of image quality and size in the X series, providing attractive products for digital camera users and the film industry.
Tariffs
The impact of U.S. tariff policies is not factored into the full-year performance forecast stated above. However, as part of our risk assessment, the Company has assumed potential impacts stemming from a 10% general tariff as well as reciprocal tariff increases between the U.S. and China. The potential impact on the projected full-year operating income of ¥331.0 billion is estimated to be a negative USD 140 million as a baseline, with a fluctuation range of USD ±100 million, taking into account such measures as reevaluating our supply chain, further reducing costs, and restructuring our product and pricing strategie to minimize the impacts. Potential impacts from future tariff negotiations between the U.S. and other countries, as well as reduced product demand resulting from reciprocal tariff applications, are not included in this estimate due to the difficulty of making a reasonable assessment at this time. We will continue to pay close attention to these dynamics and take swift and necessary measures to minimize any impact on our performance.
For more details, please visit the Investor Relations section of Fujifilm website
