Fujifilm Holdings reports increases in revenue, net income

Fujifilm Holdings Corp., Tokyo, Japan, reported revenue of ¥2.1 million (US$19,549) for the nine months ended Dec. 31, 2007, an increase from the ¥2 million (US$18,617) for the same time in 2006. Net income for the nine months ended Dec. 31, 2007 was ¥103 million (US$958,411), a large increase compared to the ¥48 million (US$446,638) reported in 2006.

The company saw revenue of ¥2.7 million (US$25,117) for the year-ended March 31, 2007, and projects revenue of ¥2.8 million ($US26,057) for the year ended March 31, 2008. Net income for the year-ended March 31, 2007 was ¥34 million (US$316,368), and ¥120 million (US$1.1 million) is predicted for the year-ended March 31, 2008.

Fujifilm reported a growth in color paper sales, reflecting a rise in prints of photos taken by digital cameras and cameraphones, says the company. Fujifilm also saw strong sales of digital cameras, but declining demand for color films and digital minilabs, which resulted in a decreased revenue for the Imaging Solutions segment. The company, however, did report some challenges in the digital camera market in light of competitive camera releases from other companies.