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FUJIFILM's (FUJIY) Q3 Earnings and Revenues Increase Y/Y

FUJIFILM Holdings Corporation FUJIY reported a third-quarter (ended Dec 31, 2021) net income of ¥60.8 billion compared with ¥58.9 billion in the year-ago quarter.

Revenues of ¥655.8 billion increased 13.8% year over year.

Segment Details

Healthcare segment revenues were ¥201.1 billion, up 43.6% from the year-ago quarter’s levels.

Medical Systems revenues rose 52.8% year over year to ¥134.8 billion. Bio CDMO revenues surged 47.4% year over year to ¥37.4 billion. Life sciences revenues were ¥28.9 billion, up 9.2% year over year.

Materials' segment's revenues increased 8.5% to ¥158.4 billion. Electronic Materials, Graphic communication and other high-functioning materials revenues increased 23.6%, 9% and 11.7% on a year-over-year basis, respectively. Display Materials revenues fell 12.4% year over year.

Fujifilm Holdings Corp. Price, Consensus and EPS Surprise

Fujifilm Holdings Corp. Price, Consensus and EPS Surprise
Fujifilm Holdings Corp. Price, Consensus and EPS Surprise

Fujifilm Holdings Corp. price-consensus-eps-surprise-chart | Fujifilm Holdings Corp. Quote

The Business Innovation Solutions segment’s revenues were ¥184.3 billion, down 0.4% from the year-ago quarter’s figure. Office solutions revenues dropped 1.4% and Business solutions revenues increased 1.6% on a year-over-year basis, respectively.

The Imaging Solutions segment’s revenues were ¥111.9 billion, up 6.8% from the year-ago quarter’s levels. Consumer Imaging and Professional Imaging revenues rose 3.7% and 14.9% on a year-over-year basis, respectively.

Operating Details

Selling, general and administrative expenses increased 6.5% to ¥163.4 billion. Research and development dropped 0.5% to ¥36.2 billion.

Operating income rose 22.8% year over year to ¥78.6 billion.

Balance Sheet & Cash Flow

As of Dec 31, 2021, cash and cash equivalents were ¥425 billion, up from ¥433.5 billion as of Sep 30, 2021.

Total debt was ¥472.7 billion as of Dec 31, 2021, compared with ¥499.1 billion as of Sep 30, 2021.

Guidance

FUJIFILM expects revenues of ¥2,510 billion for the year ending Mar 31, 2022, indicating growth of 14.5% year over year. Operating income is projected at ¥225 billion, up 36% year over year. Net income is expected to increase 2.1% year over year to ¥185 billion.

Zacks Rank & Other Stocks to Consider

Currently, FUJIFILM has a Zacks Rank #3 (Hold).

Some other top-ranked stocks worth consideration from the broader technology sector include Broadcom AVGO, Apple AAPL and Cadence Design Systems CDNS. While Apple sports a Zacks Rank #1 (Strong Buy), Broadcom and Cadence carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $33.03 per share. The long-term earnings growth rate of the company is pegged at 14.5%.

Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average surprise being 1.41%. Shares of Broadcom have increased 31.4% in the past year.

The Zacks Consensus Estimate for Apple’s fiscal 2022 earnings is pegged at $6.15 per share. The long-term earnings growth rate of the company is pegged at 12.5%.

Apple’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 20.3%. Shares of AAPL have rallied 29.9% in the past year.

The Zacks Consensus Estimate for Cadence 2021 earnings is pegged at $3.25 per share. The long-term earnings growth rate of the company is pegged at 18.2%.

Cadence’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11%. Shares of CDNS have returned 7.6% in the past year.


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