The latest financial results from Fujifilm, Panasonic and Kodak
Fuji's fiscal year 2020 financial results (April 1, 2019 – March 31, 2020) are out:
- In the Imaging Solutions segment, consolidated revenue amounted to ¥332.6 billion (down 14.0% from the previous fiscal year).
Consolidated operating income amounted to ¥25.1 billion (down 51.0% from the previous fiscal year).
- In the photo imaging business, revenue decreased due to a decline in demand for color paper and the spread of the COVID-19 pandemic.
- In the electronic imaging field of the optical device and electronic imaging business, sales decreased due to the decline in sales of entry-level digital cameras and the spread of the COVID-19 epidemic.
- In the optical device field, sales decreased mainly due to a decline in demand for various industrial use lenses including vehicle-mounted lenses, affected by the slowdown in the Chinese economy.
Panasonic announced their financial results for the 2020 fiscal year (ended March 31, 2020):
Eastman Kodak reported financial results for the first quarter 2020, including consolidated revenues of $267 million:
- Consolidated revenues for Q1 2020 of $267 million.
- GAAP net loss of $111 million for the quarter ended March 31, 2020.
- Current quarter net loss includes expense of $167 million related to the increase in deferred tax valuation allowances for locations outside the U.S. and income of $53 million related to the change in fair value of embedded derivatives in the Series A Preferred Stock and Convertible Notes.
- Operational EBITDA for the quarter of negative $8 million.
- The company ended the quarter with a cash balance of $209 million.
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