Yahoo Finance FUJIFILM's (FUJIY) Q2 Earnings and Revenues Increase Y/Y
FUJIFILM Holdings Corporation FUJIY reported a net income of ¥59.2 billion in the fiscal second quarter (ended Sep 30, 2023) compared with ¥53.8 billion in the year-ago quarter.
Revenues of ¥727.7 billion increased 0.5% year over year. The uptick was due to revenue growth in Medical Systems, Business Solutions and Professional Imaging.
Fujifilm Holdings Corp. Price, Consensus and EPS Surprise
Fujifilm Holdings Corp. price-consensus-eps-surprise-chart | Fujifilm Holdings Corp. Quote
Segment Details
For the fiscal second quarter, Healthcare segment revenues came in at ¥241.4 billion, up 1.3% from the year-ago quarter’s levels.
Within Healthcare, Medical Systems revenues rose 4.6% year over year to ¥164.6 billion. Bio CDMO revenues moved down 7.7% to ¥50.5 billion. Life sciences revenues remained flat at ¥26.3 billion.
The Materials segment's revenues decreased 5.4% to ¥165 billion. Electronic Materials, Graphic communication and other advanced materials revenues decreased 11.3%, 6.4% and 13.9% on a year-over-year basis, respectively. Display Materials revenues increased 32.2% year over year.
The Business Innovation Solutions segment’s revenues were ¥207.3 billion, down 1.4% from the year-ago quarter’s figure. Office solutions revenues decreased 4.9%, and Business solutions revenues moved up 5.4% on a year-over-year basis.
The Imaging Solutions segment’s revenues were ¥114 billion, up 12.9% from the year-ago quarter’s levels. Consumer Imaging and Professional Imaging revenues rose 11% and 16.1% on a year-over-year basis, respectively.
Operating Details
For the six months ended, selling, general and administrative expenses increased 3.2% to ¥354.5 billion. Research and development increased 2.5% to ¥78.4 billion.
Operating income increased 2.9% year over year to ¥73.3 billion.
Balance Sheet & Cash Flow
As of Sep 30, 2023, cash and cash equivalents were ¥322.2 billion, up from ¥250 billion as of Jun 30, 2023.
Total debt was ¥547.2 billion as of Sep 30, 2023, compared with ¥464.4 billion as of Jun 30, 2023.
Guidance
FUJIFILM expects revenues of ¥2,950 billion for fiscal 2023, indicating growth of 3.2% year over year. The operating income is projected to be ¥290 billion, suggesting 6.2% year-over-year growth. The net income is expected to increase 2.5% year over year to ¥225 billion.
Zacks Rank & Stocks to Consider
Currently, FUJIFILM has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology space are Asure Software ASUR, Flex FLEX and Wix.com WIX. Each stock presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Asure Software’s 2023 EPS has increased 5.9% in the past 60 days to 54 cents.
Asure Software’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 676.4%. Shares of ASUR have soared 29.5% in the past year.
The Zacks Consensus Estimate for Flex’s 2024 EPS has gained 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%. Shares of FLEX have gained 34.4% in the past year.
The Zacks Consensus Estimate for Wix’s 2023 EPS has increased 7.5% in the past 60 days to $3.60.
Wix’s earnings beat estimates in all the trailing four quarters, delivering an average surprise of 319.3%. Shares of WIX have rallied 29.1% in the past year.
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