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FUJIFILM Holdings fiscal Q1 profit falls YOY

FUJIFILM Holdings Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥25.44 per share, a decrease of 35.0% from ¥39.15 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥11.50 billion, a decrease of 39.0% from ¥18.87 billion in the prior-year period.

The normalized profit margin declined to 2.1% from 3.2% in the year-earlier period.

Total revenue decreased 7.0% year over year to ¥545.85 billion from ¥586.68 billion, and total operating expenses declined 6.6% year over year to ¥516.35 billion from ¥552.78 billion.

Reported net income decreased 54.1% on an annual basis to ¥11.15 billion, or ¥24.67 per share, from ¥24.31 billion, or ¥47.38 per share.

As of Aug. 12, US$1 was equivalent to ¥100.91.