Outlook for the FY2010 (Fiscal Year 2009 Earnings)

The worldwide deterioration of the economic environment caused a sudden, sharp deterioration in the Group's performance and the situation is expected to continue to be harsh going forward.

To continue generating profit and reliably achieving growth even amid the unprecedented severity of the environment, the Fujifilm Group intends to quickly build a robust corporate constitution and rebuild its growth strategies in emphasized business fields.

First, to build a robust corporate constitution, we will undertake the concentrated and resolute implementation of structural reforms throughout the entire Group and all of its businesses without any excluded business fields beginning from the fiscal year ending March 31, 2010, while concurrently implementing thorough cost- and expense-reduction reduction measures. Restructuring charges of ¥145.0 billion will be recognized during the fiscal year ending March 31, 2010.

Regarding consolidated performance in the fiscal year ending March 31, 2010, the Company projects ¥2,300 billion in revenue (down 5.5% from the previous year), operating income before restructuring and other charges of ¥55 billion (down 22.3% from the previous year), operating loss of ¥90 billion, loss before income taxes, minority interest and equity in net earnings of affiliated companies of ¥93 billion, and net loss of ¥60 billion.

The projected currency exchange rates for the U.S. dollar and the euro against the yen during the fiscal year ending March 31, 2010 are ¥95 (up ¥6) and ¥125 (up ¥20), respectively.

• Fiscal Year 2008 (April 1, 2007 - March 31, 2008)
• Fiscal Year 2007 (April 1, 2006 - March 31, 2007)
• Fiscal Year 2006 (April 1, 2005 - March 31, 2006)
• Fiscal Year 2005 (April 1, 2004 - March 31, 2005)