FUJIFILM's (FUJIY) Q1 Earnings and Revenues Increase Y/Y

Zacks08-08

FUJIFILM Holdings Corporation FUJIY reported a first-quarter fiscal 2024 (ended Jun 30, 2024) net income of ¥60.7 billion compared with ¥54.4 billion in the year-ago quarter.Revenues of ¥749 billion ...

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The uptick was primarily driven by strong sales in Imaging, Semiconductor Materials and Medical Systems, along with favorable exchange rates.Fujifilm Holdings Corp. Price, Consensus and EPS Surprise. Fujifilm Holdings Corp. price-consensus-eps-surprise-chart | Fujifilm Holdings Corp. Quote","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GNRC":"Generac控股","FUJIY":"FUJIFILM Holdings Corp.","FUJIF":"FUJIFILM Holdings Corp."},"translate_title":"富士胶片(FUJIY)第一季度盈利和收入同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUJIY":1,"FUJIF":0.9,"GNRC":0.9},"content_text":"FUJIFILM Holdings Corporation FUJIY reported a first-quarter fiscal 2024 (ended Jun 30, 2024) net income of ¥60.7 billion compared with ¥54.4 billion in the year-ago quarter.Revenues of ¥749 billion increased 13.4% year over year. The uptick was primarily driven by strong sales in Imaging, Semiconductor Materials and Medical Systems, along with favorable exchange rates.\n\nFujifilm Holdings Corp. Price, Consensus and EPS Surprise\n\nFujifilm Holdings Corp. price-consensus-eps-surprise-chart | Fujifilm Holdings Corp. Quote\n\n\nSegment DetailsIn June 2024, the company established the Advanced Functional Materials division by integrating its display materials, industrial products and fine chemicals businesses.In the fiscal first quarter, Healthcare segment revenues came in at ¥229.2 billion, up 10.8% from the year-ago quarter.Within Healthcare, Medical Systems revenues rose 12.6% year over year to ¥157.7 billion. Robust sales of endoscopes and CT/MRI systems were the primary drivers. Bio CDMO revenues were up 15.2% to ¥47.1 billion. Life sciences revenues were ¥24.4 billion, down 5.7% year over year.In the Electronics segment, revenues amounted to ¥109.1 billion, up 37.9% year over year. Electronic Materials revenues rose 53.6% year over year to ¥62.3 billion, driven by the semiconductor market recovery fueled by innovative applications and contributions from the semiconductor process chemicals business acquired from Entegris in October 2023. Advanced Functional Materials revenues soared 21.4% to ¥46.8 billion.The Business Innovation Solutions segment’s revenues were ¥280 billion, jumping 3.9% from the year-ago quarter’s figure. Office solutions revenues increased 0.7% and Business solutions revenues moved up 3.5% on a year-over-year basis.The Imaging Solutions segment’s revenues were ¥130.7 billion, up 24.2% from the year-ago quarter’s level. Consumer Imaging and Professional Imaging revenues rose 17.8% and 33.8% on a year-over-year basis, respectively. This growth was driven by strong sales of instax instant photo systems along with steady sales of digital cameras.Operating DetailsIn the fiscal first quarter, selling, general and administrative expenses increased 19.5% to ¥206 billion. Research and development jumped 4.4% to ¥40.3 billion.Operating income increased 19.1% year over year to ¥62.2 billion owing to robust sales in electronics and imaging, along with favorable exchange rates that offset the impact of higher one-time costs in healthcare.Balance Sheet & Cash FlowAs of Jun 30, 2024, cash and cash equivalents were ¥195.3 billion, up from ¥179.7 billion as of Mar 31, 2024.Total debt was ¥580.6 billion as of Jun 30, 2024, compared with ¥502.8 billion as of Mar 31, 2024.FUJIFILM is planning an annual dividend of ¥60 per share, marking the 15th consecutive year of increase.Guidance RevisedFUJIFILM expects revenues of ¥3,150 billion for fiscal 2024, indicating growth of 6.4% year over year. The operating income is projected to be ¥315 billion, suggesting 13.8% growth. Net income is expected to increase 2.7% year over year to ¥250 billion.Zacks RankCurrently, FUJIFILM has a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader technology space are Itron, Inc. ITRI, Generac Holdings Inc. GNRC and Arista Networks, Inc. ANET. ANET presently sports a Zacks Rank #1 (Strong Buy), whereas GNRC and ITRI both carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Arista’s 2024 EPS has increased 4% in the past 60 days to $8.24. The company’s second-quarter 2024 EPS of $2.10 beat the Zacks Consensus Estimate by 16 cents. Quarterly revenues were $1.69 billion, up 15.8% from $1.46 billion in the year-ago quarter and surpassed the consensus mark by $1.64 billion.The Zacks Consensus Estimate for Generac’s 2024 EPS has increased 2.9% in the past 60 days to $6.44. The company’s second-quarter 2024 EPS of $1.35 topped the Zacks Consensus Estimate by 8.9%. Quarterly net sales were $998 million, down 22% from $1 billion in the year-ago quarter and missed the consensus mark by 0.5%.The Zacks Consensus Estimate for Itron’s 2024 EPS has increased 12% in the past 60 days to $4.48. The company’s second-quarter 2024 EPS of $1.21 topped the Zacks Consensus Estimate by 26%. Revenues came in at $609 million, up 13% year-over-year and beat the Zacks Consensus Estimate of $600 million.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nItron, Inc. (ITRI) : Free Stock Analysis Report\nFujifilm Holdings Corp. (FUJIY) : Free Stock Analysis Report\nGenerac Holdings Inc. (GNRC) : Free Stock Analysis Report\nArista Networks, Inc. (ANET) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2458341526"}