Fujifilm Imaging Solutions posts excellent financial results
Fujifilm Holdings has posted its financial results for the first three quarters of the 2017 fiscal year, and it's all good news for the Imaging Solutions division. The segment recorded a revenue of 297.7 billion yen (approximately $2.77 billion USD), a bump of 15.6% year-on-year. Imaging Solution operating income totaled 50.0 billion yen (approximately $465 million USD), up 76.1% over the same period during the previous year.
From the figures in its earnings presentation, it seems the bulk of the increase comes from the Photo Imaging business—read: Instax cameras—but strong sales in the Electronic Imaging business show the X-Series is starting to deliver. Quarterly revenue for Electronic Imaging is up 39%, thanks to strong sales of the X-E3, X-T20 and X100F models, and the mirrorless medium-format camera GFX 50S and corresponding lenses.
Sales also increased in the Optical Devices business, largely due to strong sales of various industrial-use lenses, used for example in vehicle cameras or projectors. And, finally, Fujifilm's presentation also mentions the launch of the new MK series of lenses, which are designed for cinema cameras and targeted at the growing area of video creation for online purposes.
If you want to dive into more detail, you can find all the report documents, including a video of the presentation, on the Fujifilm Holdings website. But long story short: Fujifilm's Imaging Solutions division seems to be doing very well.
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