Fujifilm’s 1st quarter FY2020 financial results (Imaging Division): revenue down 15.1%, income down 63.2%


Fujifilm published their 1st quarter FY2020 financial results. If you think anyone is safe from the industry turndown, take a look at Fuji's numbers for the Imaging Division:

  • Revenue: down from 87.9 to 74.6 billion yen (-15.1%)
  • Operating income: (YoY Q1 2019 vs. Q1 2020): from 12.2 to 4.5 billion yen or (-63.2%)

See also the latest financial reports from Nikon, CanonOlympus and Sony.

A few quotes from Fuji's latest report:

  • In the electronic imaging business, the sales of entry-level mirrorless digital cameras decreased under severe market conditions.
  • In the photo imaging business, revenue decreased due to such factors as declined sales of photographic paper, a drop-off period before new products’ launches and inventory adjustments by some U.S. retailers for instant photo systems.
  • In the electronic imaging business, the sales of entry-level mirrorless digital cameras decreased under severe market conditions. The sales of middle- and high-end models were strong including FUJIFILM X-T30 launched in March 2019, and FUJIFILM GFX 100 launched in June 2019.
  • Revenue decreased due to such factors as declined sales of instant photo systems and mirrorless digital cameras.
  • Operating income decreased due to the revenue decrease.

Via Fujifilm

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