Latest Fujifilm Quarterly Result Locked

Started Feb 5, 2013 | Discussions thread
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Re: Latest Fujifilm Quarterly Result
In reply to Chris Dodkin, Feb 7, 2013

Chris Dodkin wrote:

rattymouse wrote:

Chris Dodkin wrote:

rattymouse wrote:

BobYIL wrote:

Right in last September USD was about 78 JYen. Today it's hovering above 93. Euromarket is in recession. See how Nikon dropped the prices two times in the last six months.

To keep the production lines running they can not cut the quotas (otherwise it would be next to impossible to regain the markets) so they operate with loss or minute profit margins. Actually most of them are contented if they compensate for the overhead costs, especially the R&D to keep the new models oncoming; just to maintain our interest in their brand... Otherwise no chance to survive.

BTW following March there could be a new wave of price cuts..

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BobYIL

The yen's fall has been dramatic. Good timing for me as I'll be in Japan next week for a 7 day holiday.

I keep wondering when Fujifilm's imaging division will report a profit. I've looked all the way back to 2005 and have not found any year where they made money selling cameras. Bizarre.

Given the ability for international manufacturers to move funds around between divisions, they may never show a profit on paper - nor see the need to ever declare one

A hypothetical movement of funds is just wallpaper over the problem. Fujifilm states firmly that Imaging solutions does not make money. Quite the opposite, it loses money. Full stop. Yes, Fujifilm's divisions that actually show a profit might be used to cover the perpetually underperforming Imaging division, but that is just a band aid. The reality is still there, will always be there, and since Fujifilm is a public company, we will always know about it.

Why cannot Fujifilm make a profit while Nikon (just released numbers show) can make money?

The X cameras are a dramatic improvement over the last chapter in Fujifilm's history. But even that didnt take them into profitability. What will it take if the X's cant do it?

My description is as valid as your hypothetical positions on the topic Ratty.

Nonsense.  Anyone with basic accounting understanding knows that you are completely illiterate on this topic.

Fuji can be highly profitable in one division and not in another, and choose where they show that profit.

No they cannot.  There are laws that specifically state how companies must report their earnings. GAP anyone?  Public companies such as Fujifilm have investors that MUST know what is going on inside the company that they own.  Fujifilm must operate with transparency.

You suggest that that are operating like Enron.  Your opinion is amusing to say the least.

None of that is transparent to anyone outside of the company, or more specifically the financial section of that company

I dont think you understand why even such financial reports exist.

Your assumption that the X-Trans is not profitable is just that - your assumption

No, it is Fujifilm's  statement of FACT.

You have no more specific data than anyone else

Even when the facts stare you in the face, you deny, deny, deny.

But as usual, you choose to draw a negative conclusion against the X-Trans

Nonsense.  I relay Fujifilm's own message.  Were Fujifilm a private company I would have nothing to say on this issue since the facts would remain private.  But since Fujifilm is public, their operating condition is public and every 3 months, they report what has transpired.  The NUMBERS are there for you or anyone to see.   Revenue EARNED for the quarter by the Imaging Solutions group vs cost of business.   The final number is NEGATIVE.  That is a fact.  You can whinge.  You can cry.  You can flail around your arms waving as hard as you want to distract from this point but it is all for naught.   In fact, you KNOW what I am reporting here is absolutely bullet proof true.  You just HAVE to deny it anyway.

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