FUJIFILM (4901) Q3 2025 earnings summary

Executive summary

• Q3 FY2024 revenue, operating income, and net income all reached record highs, driven by strong Electronics and Imaging sales and favorable exchange rates.

• Nine-month results also set new records, with revenue up 8.0% and operating income up 9.0% year-over-year.

• Full-year FY2024 forecasts remain unchanged, targeting record revenue of ¥3,150.0 billion, operating income of ¥315.0 billion, and net income of ¥250.0 billion.

• Annual dividend planned at ¥60 per share, marking the 15th consecutive annual increase.

Financial highlights

• Q3 FY2024 revenue: ¥812.8 billion (+6.0% YoY); operating income: ¥87.7 billion (+10.4% YoY); net income: ¥71.2 billion (+18.3% YoY).

• EPS for Q3: ¥59.14, up from ¥50.00 in Q3 FY2023.

• Nine-month revenue: ¥2,327.5 billion (+8.0% YoY); operating income: ¥223.3 billion (+9.0% YoY); net income: ¥181.5 billion (+4.5% YoY).

• Exchange rates contributed significantly to growth, with the yen depreciating against both USD and Euro.

Outlook and guidance

• FY2024 revenue forecast: ¥3,150.0 billion (record high), operating income: ¥315.0 billion, net income: ¥250.0 billion.

• Segment guidance revised: Healthcare operating income forecast lowered due to weaker Medical Systems and higher Bio CDMO costs; Imaging and Electronics forecasts raised on sales growth and profitability.

• Aiming for 15th consecutive annual dividend increase.