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FUJIFILM's (FUJIY) Q4 Earnings Decline Y/Y, Revenues Increase

FUJIFILM Holdings Corporation FUJIY reported a net income of ¥54.1 billion in fourth-quarter (ended Mar 31, 2022) compared with ¥54.7 billion in the year-ago quarter.

Revenues of ¥664.9 billion increased 7.4% year over year.

For the year (Apr 2021 – Mar 2022) the company reported revenues of ¥2525.8 billion,up 15.2% year over year. Net income stood at ¥211.2 billion compared with ¥181.2 billion in the previous year.

Fujifilm Holdings Corp. Price

Fujifilm Holdings Corp. Price
Fujifilm Holdings Corp. Price

Fujifilm Holdings Corp. price | Fujifilm Holdings Corp. Quote

Segment Details

Healthcare segment revenues were ¥225 billion, up 17.7% from the year-ago quarter’s levels.

Within Healthcare, Medical Systems revenues rose 44.5% year over year to ¥154.2 billion. Bio CDMO revenues moved up 2.5% year over year to ¥41.7 billion. Life sciences revenues were ¥29.1 billion, down 33.6% year over year.

Materials' segment's revenues increased 8.9% to ¥162.3 billion. Electronic Materials, Graphic communication and other advanced materials revenues increased 28.7%, 10.3% and 0.5% on a year-over-year basis, respectively. Display Materials revenues fell 12.8% year over year.

The Business Innovation Solutions segment’s revenues were ¥204.4 billion, down 3.7% from the year-ago quarter’s figure. Office solutions revenues dropped 4.4% and Business solutions revenues declined 2.6% on a year-over-year basis.

The Imaging Solutions segment’s revenues were ¥73.2 billion, up 9.9% from the year-ago quarter’s levels. Consumer Imaging and Professional Imaging revenues rose 15.1% and 2.2% on a year-over-year basis, respectively.

Operating Details

Selling, general and administrative expenses increased 26.1% to ¥166.9 billion. Research and development dropped 7% to ¥38.6 billion.

Operating income fell 4% year over year to ¥43.2 billion.

Balance Sheet & Cash Flow

As of Mar 31, 2022, cash and cash equivalents were ¥486.3 billion, up from ¥425 billion as of Dec 31, 2021.

Total debt was ¥447.2 billion as of Mar 31, 2022, compared with ¥472.7 billion as of Dec 31, 2021.

Guidance

FUJIFILM expects revenues of ¥2,650 billion for the current year, indicating growth of 4.9% year over year. Operating income is projected to be ¥245 billion, suggesting 6.7% year-over-year growth. Net income is expected to decline 9.1% year over year to ¥192 billion.

Zacks Rank & Other Stocks to Consider

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

Some better-ranked stocks from the broader technology sector are Flex FLEX, Jabil JBL and Broadcom AVGO. Jabil sports a Zacks Rank #1 (Strong Buy), while Flex and Broadcom carry a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Flex’s fiscal 2023 earnings is pegged at $2.16 per share, up 6.9% in the past 60 days. The long-term earnings growth rate is pegged at 14.9%.

Flex’s earnings beat the Zacks Consensus Estimate all last four quarters, with the average being 21.1%. Shares of FLEX have declined 0.7% in the past year.

The Zacks Consensus Estimate for Jabil fiscal 2022 earnings is pegged at $7.25 per share, up 10.2% in the past 60 days. The long-term earnings growth rate is 12%.

Jabil’s earnings beat the Zacks Consensus Estimate all last four quarters, with the average being 13.5%. Shares of JBL have gained 13.6% in the past year.

The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $35.67 per share, up 0.5% in the past 60 days. AVGO’s long-term earnings growth rate is pegged at 15.6%.

Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, with the average being 1.9%. Shares of AVGO have increased 37.6% in the past year.


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