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FUJIFILM (4901) investor relations material
FUJIFILM Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record highs in Q3 FY2025 for revenue (¥857.4B, +5.5% YoY), operating income (¥90.0B, +2.6% YoY), and net income (¥73.1B, +2.7% YoY), with nine-month revenue at ¥2,429.7B (+4.4% YoY), operating income ¥248.5B (+11.3% YoY), and net income ¥193.4B (+6.5% YoY).
Growth was driven by Healthcare (Bio CDMO), Electronics (semiconductor materials), and Imaging (digital cameras, instant photo systems).
Overseas sales accounted for 66% of nine-month revenue, with notable growth in Europe, the Americas, and Japan.
Despite U.S. tariffs and higher raw material costs, operating income rose due to favorable exchange rates and improved gross margin.
Gross profit margin was 40.9%, with operating margin at 10.2% for the nine-month period.
Financial highlights
Q3 EPS was ¥60.69, up from ¥59.14 YoY; nine-month EPS was ¥160.48, up from ¥150.75 YoY.
Cash and cash equivalents at period end were ¥188.1B, up ¥16.0B from March 2025.
Total assets increased to ¥5,883.1B as of Dec 2025 (+¥633.2B from Mar 2025); shareholders' equity rose by ¥371.8B to ¥3,720.3B.
Adjusted free cash flow (excluding acquisitions) for nine months: −¥164.8B; net cash provided by operating activities was ¥254.3B, with net cash used in investing activities at ¥418.8B.
Overseas sales accounted for 66% of nine-month revenue.
Outlook and guidance
Full-year FY2025 revenue forecast at ¥3,300.0B (unchanged), operating income at ¥335.0B (+1.2%), and net income at ¥264.5B (+1.0%), all record highs.
Annual dividend planned at ¥70/share, marking the 16th consecutive annual increase.
Upward revision in profit forecast driven by strong Electronics and Imaging segments.
Projected exchange rates are ¥150/USD and ¥173/Euro.
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