Fujifilm reduces its half-year profit by 12.5% to 595 million

Fujifilm cuts its half-year profit by 12.5% despite increasing revenue and improving most of its business divisions.

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The Japanese company Fujifilm closed the first half of its fiscal year, ended in September, with net profit of 105.226 billion yen (595 million euros), which represents a 12.5% decline compared with the same period the previous year.

During that interval, the multinational reached revenue of 1.57 trillion yen (8.897 billion euros), which represents an 8.8% increase. By business area, the Health division recorded revenue of about 499.200 billion yen (2.825 billion euros), 11% higher, while the Business Innovation division stood at 572.200 billion yen (3.237 billion euros), 1% lower.

The Electronics area saw a rebound of 23.9%, to 209.500 billion yen (1.185 billion euros), and the Advanced Images segment rose 13.6%, to 291.500 billion yen (1.650 billion euros).

Sales-related costs increased 10%, to 927.028 billion yen (5.245 billion euros), while general and administrative expenses grew 13.3%, to 409.544 billion yen (2.317 billion euros).

In the second fiscal quarter, net profit attributable rose to 67.802 billion yen (384 million euros), 2% higher, and turnover increased 7.6%, to 885.021 billion yen (5.008 billion euros).