Consolidated Financial Results (2nd Quarter Fiscal 2010 Earnings)

Billions of yen
  2Q FY2009
(Apr. 1 to Sep. 30, 2008)
2Q FY2010
(Apr. 1 to Sep. 30, 2009)
Change
Amount %
Revenue 100.0% 1,338.4 100.0% 1,043.5 (294.9) (22.0)
Operating Income before
Restructuring and Other Charges
6.4% 85.3 2.5% 26.6 (58.7) (68.8)
Restructuring and Other Charges 0.3% 4.1 3.3% 35.2 31.1 No data
Operating Income After
Restructuring and Other Charges
6.1% 81.2 (0.8%) (8.6) (89.8) No data
Income Before Income Taxes 6.1% 81.7 (0.8%) (8.0) (89.7) No data
Net Income Attributable to
FUJIFILM Holdings
3.4% 45.3 (0.5%) (5.4) (50.7) No data
Net Income Attributable to
FUJIFILM Holdings per Share
¥89.97 ¥(11.07) ¥(101.04)
Exchange Rate: US$ ¥106 ¥96 ¥(10)
Euro ¥163 ¥133 ¥(30)

Revenue

The company's consolidated revenue declined to ¥1,043.5 billion, or 22.0% below the level in the previous fiscal year.

The main factor leading to the overall decline in revenue was the drop in revenue in each segment due to the adverse impact of yen appreciation and the decline in demand owing to the global recession. The amount of ¥77.1 billion out of sales reduction of ¥294.9 billion was negatively affected by yen appreciation.

Income

During the six months through the end of the second quarter, operating income before restructuring and other charges amounted to ¥26.6 billion (down 68.8% from the same period of the previous fiscal year), reflecting the impact of the revenue decrease and the negative impact of ¥19.3 billion caused by yen appreciation.

The implementation of structural reform measures proceeded ahead of the planned schedule, and restructuring and other charges during the six months through the end of the second quarter amounted to ¥35.2 billion. As a result, operating income after restructuring and other charges amounted to a loss of ¥8.6 billion.
Income before income taxes amounted to a loss of ¥8.0 billion, and the net loss attributable to FUJIFILM Holdings totaled ¥5.4 billion.

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

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