Holdings
Outlook for the FY2009 (Fiscal Year 2008 Earnings)
| FY2009/3 Latest plan (Apr. '08 - Mar. '09) |
FY2009/3 Previous plan (Apr. '08 - Mar. '09) [Announced on Oct. 30, '08] |
Change | FY2008/3 Actual (Apr. '07 - Mar. '08) |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Amount | % | |||||||||
| Revenue | 100.0% | 2,430.0 | 100.0% | 2,850.0 | (420.0) | (14.7) | 100.0% | 2,846.8 | ||
| Operating Income | 1.2% | 30.0 | 5.6% | 160.0 | (130.0) | (81.3) | 7.3% | 207.3 | ||
| Income before Income Taxes | 0.0% | 1.0 | 5.7% | 163.0 | (162.0) | (99.4) | 7.0% | 199.3 | ||
| Net Income | 0.4% | 10.0 | 2.8% | 80.0 | (70.0) | (87.5) | 3.7% | 104.4 | ||
| Earnings per Share | ¥20.47 | ¥158.61 | ¥(138.70) | ¥205.43 | ||||||
| Exchange Rates | US$ | ¥100 | ¥101 | ¥(1) | ¥115 | |||||
| Euro | ¥142 | ¥147 | ¥(5) | ¥162 | ||||||
It remains difficult to forecast the business environment for the fourth quarter of the fiscal year ending March 31, 2009. Despite the Group's concerted efforts to reduce manufacturing costs, SG&A expenses, capital expenditure, and the level of inventories, the deterioration of the operating environment is likely to have an even worse impact on our performance than initially expected. As a result, the Company has revised its consolidated performance forecast for the fiscal year ending March 31, 2009.
For the fiscal year ending March 31, 2009, the Company currently forecasts that it will record ¥2,430.0 billion in consolidated revenue (down 14.6% from the previous fiscal year), ¥30.0 billion in consolidated operating income (down 85.5%), ¥1.0 billion in income before income taxes, minority interest and equity in net earnings of affiliated companies (down 99.5%), and ¥10.0 billion in consolidated net income (down 90.4%).
The Company is promoting measures to improve the profitability of all of its businesses to overcome the harsh business environment it is facing. Regarding the FPD materials business, the Company is optimizing the level of inventories by further decreasing production volume, and it is preparing for a recovery in real demand to begin in the next fiscal year. In the digital camera business, Fujifilm aims to substantially improve its profitability. To achieve this, it is accelerating the cost reduction measures that it has begun implementing, and it is expanding sales of differentiated products incorporating such unique technologies as the newly developed Super CCD EXR in markets that appreciate high-value-added offerings.
To respond to a sudden change of economic structure on a worldwide scale, the Company is considering new structural reforms. The Company believes that this time of unprecedented crisis is an appropriate time to fundamentally reform its corporate constitution so that it can generate profits even in difficult circumstances.
Consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.