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FUJIFILM Holdings Corporation FUJIY reported a third-quarter fiscal 2024 (ended Dec. 31, 2024) net income of ¥71.2 billion compared with ¥60.2 billion in the year-ago quarter.
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Revenues of ¥812.8 billion increased 6% year over year. The uptick was primarily driven by strong sales in the Imaging and Electronics segments, along with favorable exchange rates.
Segment Details of FUJIY
In June 2024, the company established the Advanced Functional Materials division by integrating its display materials, industrial products and fine chemicals businesses.
In the fiscal third quarter, Healthcare segment revenues were ¥240.5 billion, down 0.8% from the year-ago quarter.
Within Healthcare, Medical Systems revenues declined 1.3% year over year to ¥162.6 billion. The overall Medical Systems revenues fell due to lower sales of medical equipment and materials in China despite strong endoscope sales in major markets (Japan, the United States, Europe and China). Also, the company opened NURA Global Innovation Center in Kerala, India, as a strategic hub for health screening, medical staff training and remote image interpretation to support NURA’s expansion. Bio CDMO revenues were up 2% to ¥51.3 billion. Life sciences revenues were ¥26.7 billion, down 3.1% year over year.
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In the Electronics segment, revenues amounted to ¥108.4 billion, up 15.3% year over year. Semiconductor Materials revenues rose 12.6% year over year to ¥61.9 billion. Revenues grew as semiconductor materials capitalized on the rising demand for advanced materials, including those for generative artificial intelligence (AI). Advanced Functional Materials revenues soared 19.3% to ¥46.5 billion.
The Business Innovation Solutions segment’s revenues were ¥294.4 billion, increasing 4.7% from the year-ago quarter’s figure. Business solutions, Graphic Communications and Office solutions revenues moved up 8.8%, 5.8% and 1.8% on a year-over-year basis, respectively.
The Imaging Solutions segment’s revenues were ¥169.5 billion, up 13.4% from the year-ago quarter’s level. Consumer Imaging and Professional Imaging revenues rose 7.9% and 25.6% on a year-over-year basis, respectively. This growth was driven by strong sales of instax instant photo systems along with robust sales in instax mini 12, instax WIDE 400 and Link 3. Additionally, the company launched the instax WIDE Evo, a high-end hybrid instant camera with the most extensive range of effects in the instax series. Higher sales of digital cameras acted as a catalyst for the Professional Imaging segment.