Outlook for the FY2012

Billions of yen
  FY2011/3 Actual FY2012/3 Forecast
(announced in October)
FY2012/3 Forecast
(latest)
Change
Amount %
Revenue 100.0% 2,217.1 100.0% 2,290.0 100.0% 2,200.0 (17.1) (0.8)
Operating Income 6.2% 136.4 6.0% 136.5 5.0% 110.0 (26.4) (19.3)
Income Before Income Taxes 5.3% 117.1 4.7% 107.5 3.5% 78.0 (39.1) (33.4)
Net Income Attributable to
FUJIFILM Holdings
2.9% 63.9 2.4% 54.0 1.3% 28.0 (35.9) (56.1)
Net Income Attributable to
FUJIFILM Holdings per Share
¥131.30 ¥112.10 ¥58.13 ¥(73.17)
Cash Dividends per Share ¥30 ¥35 ¥35 +¥5
Exchange Rates: US$ ¥86 ¥78 ¥78 ¥(8)
Euro ¥113 ¥109 ¥107 ¥(6)

Fujifilm has been strengthening sales network, launching new products, and taking other measures that have been supporting robust sales in China and other emerging markets. However, overall sales have been below planned levels owing to the impact of such factors as yen appreciation, demand decreases due to the deterioration of business confidence, and the difficulty of procuring certain components as a result of the flood in Thailand. Operating income has also been below planned levels owing to the impact of the decrease in sales as well as yen appreciation, expense increases associated with component procurement difficulties stemming from the flood in Thailand, and other factors. Income before income taxes and net income attributable to FUJIFILM Holdings have also been below planned levels as a consequence of negative factors that include impairment loss on investment securities recognized under the stagnant stock markets.

Considering these circumstances, the Company has revised down its forecasts of revenue, operating income, income before income taxes, net income attributable to FUJIFILM Holdings, and net income attributable to FUJIFILM Holdings per share for the fiscal year ending March 31, 2012.

Consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.

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