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FUJIFILM (4901) investor relations material
FUJIFILM Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY2027 revenue, operating income and net income attributable to shareholders reached second-quarter records; growth was led by Healthcare endoscopes, Electronics and Imaging, with favorable FX.
H1 revenue rose 8.8% to ¥1,711.5bn, while operating income fell 10.9% to ¥141.2bn and attributable net income fell 12.5% to ¥105.2bn, pressured by Bio CDMO fixed costs, Business Innovation costs and raw-material prices.
Financial highlights
Q2 revenue was ¥885.0bn (+7.6% YoY), operating income ¥90.0bn (+8.2%), income before taxes ¥90.2bn (+0.3%) and attributable net income ¥67.8bn (+2.0%); EPS was ¥56.70 versus ¥55.15.
H1 gross profit was ¥691.5bn (+7.2%); income before taxes was ¥142.3bn (-12.1%) and EPS was ¥87.94 versus ¥99.79.
H1 operating income included U.S. tariff refunds of ¥6.0bn net of customer returns and other offsets; Q2 included ¥5.0bn on the same basis.
H1 overseas revenue rose 15.2% to ¥1,178.2bn, or 68.8% of total; Japan revenue declined 3.0% to ¥533.4bn.
Outlook and guidance
FY2027 revenue forecast increased 0.8% to a record ¥3,590bn, reflecting Medical Systems and Semiconductor Materials; operating income remains ¥365bn.
FY2027 income before taxes is forecast at ¥375bn, attributable net income at ¥280bn and EPS at ¥234.10; ROE is 7.8% and ROIC 5.6%.
Revised segment revenue forecasts: Healthcare ¥1,190.0bn, Electronics ¥535.0bn, Business Innovation ¥1,185.0bn and Imaging ¥680.0bn.
Electronics profit growth is expected to be offset partly by lower Business Innovation gross profit; rising semiconductor-memory and IT-component prices are forecast to reduce results by ¥25.0bn, with pricing and alternative sourcing as mitigations.
Assumed exchange rates are ¥157/US$ and ¥180/€; forecasts may differ materially from actual results.
- Record revenue growth, but profits fell due to higher costs and restructuring impacts.4901
Q1 2027 - Record financial results and growth in key segments, with higher dividends and positive outlook.4901
Q4 2026 - IP-driven innovation and portfolio transformation fuel growth in healthcare and electronics.4901
Investor Day 2026 - AI-powered imaging and integrated solutions fuel growth and clinical value in global healthcare.4901
Investor presentation - Record revenue and profit guidance upgrades driven by Electronics and Imaging growth.4901
Q3 2026 - Aiming for ¥500bn revenue and market leadership in key semiconductor materials by FY2030.4901
Investor Update - Record H1 and Q2 results driven by imaging and bio CDMO growth, with raised revenue guidance.4901
Q2 2026 - Operating income surged 21% on flat revenue, with Imaging leading growth and tariff risks ahead.4901
Q1 2026 - Record Q1 growth and raised outlook driven by electronics and imaging.4901
Q1 2025
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