Fujifilm FY2023 financial results: “Revenue and profits soared on strong sales of INSTAX and digital cameras”

Fujifilm released its FY2023 financial results - here are the details for the Imaging Segment:

Imaging Segment

In the Imaging segment, consolidated revenue amounted to ¥469.7 billion (up 14.5% year-over-year). Consolidated operating income amounted to ¥101.9 billion (up 39.9% year-over-year). In the consumer imaging business, steady sales of the INSTAX instant photo systems drove revenue higher. In addition to the existing product lineup, sales of high value-added products, mainly INSTAX mini Evo and INSTAX Pal, a palm-sized camera launched in October 2023, fared well.

In the professional imaging business, revenue increased as sales of digital cameras remained strong. In March 2024, we launched the FUJIFILM X100VI, the latest model in the X100 series of high-end compact digital cameras. It is equipped with a 40.2-megapixel sensor, the latest processor and the first in-body image stabilization feature for even higher image quality and performance.

Consumer Imaging Revenue ¥297.6 billion (up 11.5% YoY)

  • Achieving the INSTAX sales target of ¥150.0 billion for FY2024 one year ahead of schedule was a major driving force behind revenue growth in Consumer Imaging
  • High value-added products, mainly INSTAX mini Evo, a hybrid instant camera incorporating digital technology, and INSTAX Pal, a “palm-top camera” launched in October 2023, performed well
  • INSTAX mini 99, the top-of-the-line analog instant camera, was launched in April 2024

Professional Imaging Revenue ¥172.1 billion (up 20.0% YoY)

  • Revenue rose due to strong sales of X-S20 launched in June 2023 and GFX100 II launched in September 2023, in addition to the models released in the previous fiscal year
  • In March 2024, we launched X100VI, the latest model in the X100 series of high-end compact digital cameras, equipped with a 40.2-megapixel sensor and the latest processor

Source: Fujifilm, via FujiAddict

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