QUOTE AND NEWS
Reuters  Jun 28  Comment 
Japan's Fujifilm Holdings Corp said on Wednesday it was seeking regulatory approval to delay the deadline for filing its financial report to July 31.
Financial Times  Jun 13  Comment 
Corporate governance reform should aim to contain and resolve scandals
Japan Today  Jun 12  Comment 
Fujifilm on Monday announced it would take a bigger-than-expected loss from "accounting irregularities" at two subsidiaries, but described them as having only a minor impact on its finances.…
Reuters  Jun 9  Comment 
Fujifilm Holding's Corp's shares fell more than 4 percent on Friday after a media report said accounting irregularities had spread to its Australian unit and to Japan.
CNNMoney.com  May 18  Comment 
Fujifilm's new camera is here -- and it's equal parts digital and instant film.
Financial Times  Apr 20  Comment 
Latest problem to beset big Japanese corporation after Toshiba woes
FiercePharma  Apr 19  Comment 
Fujifilm invests $116M in U.S. as it races competitors for biologics contract work epalmer Wed, 04/19/2017 - 10:06
GenEng News  Apr 18  Comment 
Fujifilm says it is investing JPY14 billion ($130 million) to expand capacity at its U.S.- and U.K.-based BioCDMO (biopharma contract development manufacturing operation) facilities. Fujifilm established BioCDMO as a standalone operating unit...




 

Based in Tokyo, Fuji Photo Film Company (Fuji Photo) is a leading global producer of photographic imaging products. The company develops, manufactures, and markets traditional and digital imaging products. In addition, Fuji Photo provides services and solutions for consumers, professionals, healthcare providers, and commercial customers. The company's imaging solutions segment, which accounted for 16% of fiscal year 2010 revenue (ending March 2010), focuses on color films, digital cameras, photofinishing equipment, and color paper, chemicals, and services for photofinishing. The company's information solutions segment, which accounted for 41% of fiscal year 2010 revenue, manufactures and markets system devices for graphic arts, medical imaging and information systems, flat panel display materials, and recording media. The company's document solutions segment, which accounted for 43% of fiscal year 2010 revenue, manufactures and markets printers and production systems and provides paper and document services to its customers.[1] Geographically, 48.5% of revenue came from Japan, 16.2% from Europe, 12.3% from the Americas, and 22.9% from Asia and others.[2]

Business Growth

For the fiscal year 2010, Fujifilm's consolidated revenue decreased 10.4% to ¥2.2 trillion from 2009. Despite increased sales of Flat Panel Display (FPD) materials and improvements in the digital camera business, the Imaging Solutions segment experienced a decrease in demand for color films, the information solutions segment had decreased sales in its graphic arts and optical device businesses, and the document solutions experienced lower sales due to lower demand. Overall yen appreciation adversely affected the company.[3]

Key Trends and Forces

Dependency on the Japanese economy

With over half of its revenue deriving from Japan, Fujifilm is highly dependent on Japan's economic condition. Weakness in the Japanese economy may adversely affect its operating results and financial condition, while a strong economy results in increased consumption and higher sales.

Decline of Traditional Film

With the decline of traditional film sales due to the increasing popularity of digital imaging technologies, the company has put a focus on digital technologies. With digital camera sales volume increasing 10%, Fujifilm sold over 9 million digital cameras in 2010. In Japan, over 80% of digital camera demand is replacement demand, and for this reason, Fujifilm has been working to differentiate its cameras through in-house lens development.[4]

Competition

Fujifilm operates in a competitive market with other Japanese and overseas photographic and imaging companies. They include:



References

  1. FUJI 2010 Annual Report Pg. 1
  2. FUJI 2010 Annual Report Pg. 97
  3. FUJI 2010 Annual Report Pg. 44
  4. FUJI 2010 Annual Report Pg. 18
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