| FY2009 Outlook | FY2008 Result | Change | |||||
|---|---|---|---|---|---|---|---|
| Amount | % | ||||||
| Revenue | 100.0% | 2,850.0 | 100.0% | 2,846.0 | +3.2 | +0.1 | |
| Operating Income | 5.6% | 160.0 | 7.3% | 207.3 | (47.3) | (22.8) | |
| Income before Income Taxes | 5.7% | 163.0 | 7.0% | 199.3 | (36.3) | (18.2) | |
| Net Income | 2.8% | 80.0 | 3.7% | 104.4 | (24.4) | (23.4) | |
| Earnings per Share | ¥158.61 | ¥205.43 | ¥(46.82) | (22.8) | |||
| Exchange Rate: | US$ | ¥101 | ¥115 | ¥(14) | |||
| Euro | ¥147 | ¥162 | ¥(15) | ||||
Regarding the business environment during the second half of the fiscal year ending March 31, 2009, Fujifilm anticipates that progress in the sharp yen appreciation accompanying the worldwide financial crisis will be a factor exerting a downward pressure on its profitability. On the other hand, prices of silver, aluminum, and other main raw materials are tending to decline and, although it remains difficult to forecast future trends, it currently appears that the decline in raw materials prices will partially offset the negative impact of yen appreciation. As for business trends, the impact of economic deceleration is extremely fluid and difficult to predict, accordingly we will be closely monitoring business trends going forward.
Amid this harsh operating environment, Fujifilm will reduce fixed costs through the implementation of the “Slim & Strong Drive.” that is aimed at reducing costs and increasing efficiency on a Companywide basis. At the same time, the Company will accelerate the implementation of structural reform measures designed to augment its competitive power. In addition, the Company intends to offset the above-mentioned negative factors by moving ahead with steps to launch highly competitive products and sales promotion.
In view of these situations, the Company has not changed its performance projections for the current fiscal year announced on August 28, 2008. Accordingly, for the fiscal year ending March 31, 2009, the Company currently forecasts that it will record ¥2,850.0 billion in consolidated revenue (up 0.1% from the previous fiscal year), ¥160.0 billion in consolidated operating income (down 22.8%), ¥163.0 billion in income before income taxes (down 18.2%), and ¥80.0 billion in consolidated net income (down 23.4%).
Consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.