Yahoo Finance FUJIFILM's (FUJIY) Q4 Earnings and Revenues Increase Y/Y
FUJIFILM Holdings Corporation FUJIY reported a net income of ¥65.7 billion in the fourth quarter (ended Mar 31, 2023) compared with ¥54.1 billion in the year-ago quarter.
Revenues of ¥764.7 billion increased 15% year over year. The uptick was caused due to revenue growth in Bio CDMO, Graphic communication and Professional Imaging.
For the year ended March 2023, the company reported revenues of ¥2,859 billion, up 13.2% year over year. Net income was ¥219.4 billion compared with ¥211.2 billion in the previous year.
Fujifilm Holdings Corp. Price, Consensus and EPS Surprise
Fujifilm Holdings Corp. price-consensus-eps-surprise-chart | Fujifilm Holdings Corp. Quote
Segment Details
For the fourth quarter, Healthcare segment revenues came in at ¥284.1 billion, up 26.3% from the year-ago quarter’s levels.
Within Healthcare, Medical Systems revenues rose 14.2% year over year to ¥176.1 billion. Bio CDMO revenues moved up 66.5% to ¥69.4 billion. Life sciences revenues were ¥38.6 billion, up 32.8% year over year.
The Materials segment's revenues increased 4.1% to ¥170 billion. Electronic Materials, Graphic communication and other advanced materials revenues increased 3.6%, 11.2% and 11.7% on a year-over-year basis, respectively. Display Materials revenues fell 31% year over year.
The Business Innovation Solutions segment’s revenues were ¥224 billion, up 10.2% from the year-ago quarter’s figure. Office solutions revenues increased 10.9% and Business solutions revenues moved up 9% on a year-over-year basis.
The Imaging Solutions segment’s revenues were ¥86.6 billion, up 18.2% from the year-ago quarter’s levels. Consumer Imaging and Professional Imaging revenues rose 16.2% and 21.7% on a year-over-year basis, respectively.
Operating Details
In the fourth quarter, selling, general and administrative expenses increased 11.7% to ¥186.4 billion. Research and development increased 1.6% to ¥39.2 billion.
Operating income increased 62.9% year over year to ¥70.5 billion.
Balance Sheet & Cash Flow
As of Mar 31, 2023, cash and cash equivalents were ¥268.6 billion, down from ¥317.billion as of Dec 31, 2022.
Total debt was ¥376.2 billion as of Mar 31, 2023, compared with ¥477.3 billion as of Dec 31, 2022.
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 & Other Stocks to Consider
Currently, FUJIFILM has a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader technology space are Dropbox DBX, Badger Meter BMI and Blackbaud BLKB, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Dropbox’s 2023 earnings has increased 4.8% in the past 60 days to $1.76 per share. The long-term earnings growth rate is anticipated to be 12.3%.
Dropbox’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.4%. Shares of DBX have increased 3.7% in the past year.
The Zacks Consensus Estimate for Badger Meter’s 2023 earnings has increased 4.7% in the past 60 days to $2.69 per share.
Badger Meter’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 5.3%. Shares of BMI have increased 77.5% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2023 earnings has increased 2.9% in the past 60 days to $3.53 per share.
Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 10.4%. Shares of the company have increased 41.5% in the past year.
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