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, Canon, Olympus 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
