02 15-14 fujifilm results-q1
TRANSCRIPT
1
Earnings of FY2014/3 3Q
FORWARD-LOOKING STATEMENTSForward-looking statements, such as those relating to earnings forecasts and other projections contained in this material, are management’s current assumptions and beliefs based on currently available information. Such forward-looking statements are subject to a number of risks, uncertainties, and other factors. Accordingly, actual results may differ materially from those projected due to various factors.
Jan. 30, 2014
To Celebrate the Group’s 80th Anniversary
2
To Celebrate the GroupTo Celebrate the Group’’s 80s 80thth AnniversaryAnniversary
Reviewing the past 80 yearsReviewing the past 80 years
PhotographicPhotographicTechnologiesTechnologies
Adjusting to the change in society, Fujifilm expanded its business field by utilizing photographic technologies.
InformationInformation
ImagingImaging DocumentDocument
3
For Further GrowthFor Further Growth
Three pillars that realize growthThree pillars that realize growth
Strengthen fundamental capacity of each workplace
1
Accelerate globalization2
Create new businesses3
To Celebrate the GroupTo Celebrate the Group’’s 80th Anniversarys 80th Anniversary
4
Creation of New BusinessesCreation of New Businesses
A place that createsnew values for a better future with business partners
Highly Functional MaterialsHighly Functional MaterialsBusiness Development HeadquartersBusiness Development Headquarters
Open Innovation HubOpen Innovation Hub
Create new highly functional materials business with a slogan of “small, speedy, less investment, and many”
Speedily fuse needs and seeds by reinforcing cooperation with external partners
Create products and services that offer new values
To Celebrate the GroupTo Celebrate the Group’’s 80th Anniversarys 80th Anniversary
5
At Fujifilm, we are continuously innovating — creatingnew technologies, products and services that inspire
and excite people everywhere.Our goal is to empower the potential and expand
the horizons of tomorrow’s businesses and lifestyles.
We take an open and flexible attitude to innovation, combining our own original technology with human resources, expertise and technology from around the world.
Through this powerful synergy, we rapidly and nimbly develop new solutions that address the true needs of our global customers.
To Celebrate the GroupTo Celebrate the Group’’s 80th Anniversarys 80th Anniversary
A New Corporate SloganA New Corporate Slogan
Earnings of FY2014/3 3Q
Jan. 30, 2014
FORWARD-LOOKING STATEMENTSForward-looking statements, such as those relating to earnings forecasts and other projections contained in this material, are management’s current assumptions and beliefs based on currently available information. Such forward-looking statements are subject to a number of risks, uncertainties, and other factors. Accordingly, actual results may differ materially from those projected due to various factors.
8
FY2014/3 3Q9 Months
FY2013/3 3Q9 Months
¥99
¥132
¥129.68
62.53.5%
114.26.4%
99.65.6%
1,774.4100.0%
¥80
¥102
¥59.89
28.81.8%
62.83.9%
65.44.1%
1,611.2100.0%
Change
Revenue 163.2+10.1%
Operating Income 34.2+52.4%
Income before Income Taxes
51.4+81.7%
Net Income Attributable to FUJIFILM Holdings
33.7+116.6%
Net Income Attributable to FUJIFILM Holdings per Share ¥69.79
Exchange Rates US$/¥€/¥
+¥19
+¥30
Consolidated Performance for FY2014/3 3QConsolidated Performance for FY2014/3 3Q((Apr. 2013 Apr. 2013 –– Dec. 2013Dec. 2013))
(Billions of yen)(Billions of yen)
Note: Analysis of operating income (YoY) Exchange rate fluctuations: +¥30.1 billion, Raw material prices: ¥(1.5) billion
Performance Summary of FY2014/3 3Q (9 Months)Performance Summary of FY2014/3 3Q (9 Months)
9
54.5 (+8.8%)671.1616.6Information Solutions
90.0 (+12.2%)825.2735.2Document Solutions
FY2014/3FY2013/3
1,774.4
278.1 18.7 (+7.2%)259.4Imaging Solutions
1,611.2
9 Months
163.2 (+10.1%)Total
ChangeRevenue
FY2014/3Change
9 MonthsOperating Income
FY2013/3
11.1 (+26.2%)53.542.4Information Solutions
18.5 (+35.3%)70.952.4Document Solutions
99.6
(23.3)
(1.5)
2.2 (25.5)Corporate Expenses & Eliminations
2.4 (Reduction of deficit)(3.9)Imaging Solutions
65.4 34.2 (+52.4%)Total
Imaging’12 ‘13 ’12 ‘13 ’12 ‘13
Consolidated Revenue and Operating Income by SegmentsConsolidated Revenue and Operating Income by Segments
(Billions of yen)(Billions of yen)
(Billions of yen)(Billions of yen)Note: After elimination of intersegment transaction.
(Billions of yen)(Billions of yen)
Revenue(9 Months)
Information Document
’12 ‘13 ’12 ‘13 ’12 ‘13
(Billions of yen)(Billions of yen)
Imaging Information Document
Operating income[Operating margin]
(9 Months)
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
Performance Summary of FY2014/3 3Q (9 Months)Performance Summary of FY2014/3 3Q (9 Months)
200
600
400
800
259.4278.1
616.6671.1
735.2825.2
0
0
20
80
60
40
(3.9)
42.4
(1.5)
53.5
[-1.5%] [-0.5%]
52.4
70.9
[6.9%]
[8.0%] [7.1%]
[8.5%]
10
Summary by Operating Segment of 3QSummary by Operating Segment of 3Q
Imaging SolutionsImaging Solutions
Strong sales for instant cameras were seen in the photo imaging business. In addition, such high-value-added products as Year Album expanded and overall sales rose.
In the electronic imaging field, sales decreased due to the continuous worldwide decline in overall demand for compact digital cameras. Sales of such high-end models as the X-series proceeded smoothly.
Robust sales were seen in the optical devices field, owing to the large sales increase in camera modules for smartphones as well as strong sales of TV camera lenses and projector lenses.
Revenue and profitability improved, Revenue and profitability improved, reflecting such factors as the strong sales in the photoreflecting such factors as the strong sales in the photo
imaging business, the falling yen exchange rate, imaging business, the falling yen exchange rate, and cost reductions.and cost reductions.
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
18.7 (+7.2%)
YoY
278.1
Revenue YoYOperating income
2.4 (Reduction of deficit)(1.5)
Performance Summary of FY2014/3 3Q (9 Months)Performance Summary of FY2014/3 3Q (9 Months)
(Billions of yen)(Billions of yen)
11
Information SolutionsInformation SolutionsIn the medical systems business, strong sales were seen in such growth fields as medical-use picture archiving and communications systems and endoscopes, and overall sales increased.As for the pharmaceuticals business, sales grew, reflecting strong sales in Toyama Chemical and FUJIFILM Pharma.Sales in overall healthcare field greatly increased.
In the FPD materials business, sales of WV film declined, reflecting the impact of weak demand for IT equipment. On the other hand, strong TV sales led sales of VA film and IPS film to proceed smoothly.
Sales grew immensely in the graphic systems business, owing to the strong sales of CTP plates as well as the positive impact of the falling yen exchange rate.
Regarding the industrial products business, sales of sensor film for touch panels EXCLEARproceeded smoothly.In addition, sales increased in the electronic materials and recording media business.
Both revenue and profit rose, owing to strong sales in Both revenue and profit rose, owing to strong sales in such fields as healthcare and the positive impact of the such fields as healthcare and the positive impact of the
exchange rate fluctuation.exchange rate fluctuation.
11.1 (+26.2%)53.554.5 (+8.8%)671.1
YoYRevenue YoYOperating income
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
Performance Summary of FY2014/3 3Q (9 Months)Performance Summary of FY2014/3 3Q (9 Months)
Summary by Operating Segment of 3QSummary by Operating Segment of 3Q(Billions of yen)(Billions of yen)
12
• Sales in Japan and the Asia-Oceania region as well as shipments for Xerox Corporation increased.
• As for the office products business, sales volume of color products increased in all regions. In addition, sales volume of monochrome products rose in the Asia-Oceania region.
• In the office printers business, strong sales were seen for color products in the Asia-Oceania region, and overall sales volume increased.
• Regarding the production services business, sales of color on-demand publishing systems increased in Japan and the Asia-Oceania region, and the shipment volume for Xerox Corporation also increased leading to an increase in overall sales volume.
• Sales grew in the global services business in both Japan and the Asia-Oceania region.
• In addition to the rise in revenue, improvement in manufacturing costs and expenses contributed to the increase in profit.
Document SolutionsDocument Solutions
Strong sales were seen in each region, Strong sales were seen in each region, and both revenue and profit increased.and both revenue and profit increased.
90.0 (+12.2%)
YoY
825.2
Revenue YoYOperating income
18.5 (+35.3%)70.9
Performance Summary of FY2014/3 3Q (9 Months)Performance Summary of FY2014/3 3Q (9 Months)
Summary by Operating Segment of 3QSummary by Operating Segment of 3Q(Billions of yen)(Billions of yen)
13
3,241.3
1,507.0
540.5
425.4
541.1
1,734.3
155.0
427.7
595.9
555.7
Dec. 13
3,059.6
1,498.3
540.0
412.2
546.1
1,561.3
127.1
399.9
588.9
445.4
Mar. 13
3,120.3
1,488.0
536.1
415.2
536.7
1,632.3
149.3
403.2
564.9
514.9
Sep. 13Change from
Mar. 13
Cash and cash equivalents 110.3
Notes and accounts receivable
7.0
Inventories 27.8
Marketable securities and other
27.9
Total current assets 173.0
Property, plant and equipment (5.0)
Goodwill, net 13.2
Investment securities and other
0.5
Total noncurrent assets 8.7
Total assets 181.7
3,241.3
2,197.3
169.7
2,027.6
1,044.0
418.6
245.7
379.7
Dec. 13
3,059.6
2,024.8
155.9
1,868.9
1,034.8
425.5
251.0
358.3
Mar. 13 Sep. 13Change from
Mar. 13
Short-term and long-term debt 372.3 21.4
Notes and accounts payable
234.5 (5.3)
Other liabilities 416.2 (6.9)
Total liabilities 1,023.0 9.2
Total FUJIFILM Holdings shareholders' equity
1,934.6 158.7
Noncontrollinginterests 162.7 13.8
Total equity 2,097.3 172.5
Total liabilities and equity 3,120.3 181.7
145
105
Dec. 13
132
98
Sep. 13
+¥24
+¥11
Change from Mar. 13
121
94
Mar. 13Exchange Rates
US$/¥
€/¥
Consolidated Balance SheetConsolidated Balance Sheet(Billions of yen)(Billions of yen)
(yen)(yen)
Performance Summary of FY2014/3 3Q (9 Months)Performance Summary of FY2014/3 3Q (9 Months)
14
11年度上期 12年度上期 13年度上期 (6.1)
(125.1)
(54.5)
9.5
(13.2)
(66.9)
119.0
16.6
(30.7)
(30.8)
(17.8)
38.5
102.6
40.6
FY2013/3
9 Months
(16.6)(14.3)Purchases of software
(94.4)(87.1)C/F from investing activities
92.8(18.0)Free cash flows
(18.0)(20.8)Others
(2.4)22.2Sales and purchases of marketable and investment securities
(57.4)(74.2)Capital expenditure
187.269.1C/F from operating activities
1.825.4Others
(8.4)(25.2)Change in accrued income taxes
and other liabilities
(12.3)(18.3)Change in notes and accounts payable-trade
(0.1)(38.4)Change in inventories
24.4(16.0)Change in notes and accounts receivable
104.3107.9Depreciation & amortization
77.533.7Net income
FY2014/3
9 Months
FY2012/3
9 Months
(5.1) 52.1 129.8C/F from operating activities + Capital expenditure
C/F from operating activities
C/F from investing activities
Free cash flows
Cash FlowsCash Flows(Billions of yen)(Billions of yen)
FY2012/3 FY2013/3 FY2014/3
Cash Flows (9 Months)(Billions of yen)(Billions of yen)
90
60
30
0
180
210
Performance Summary of FY2014/3 3Q (9 Months)Performance Summary of FY2014/3 3Q (9 Months)
69.1
119.0
87.1
125.1
(18.0)(6.1)
187.2
94.492.8
150
120
(30)
15
(Billions of yen)(Billions of yen)
Note: Impact of exchange rate movements on operating income (FY2014/3 full year, ¥1 change) US$/¥: ¥1.1 billion €/¥: ¥0.9 billion
Consolidated Financial Forecast for FY2014/3 Consolidated Financial Forecast for FY2014/3 (as of Jan. 30, 2014)(as of Jan. 30, 2014)
Forecast for FY2014/3Forecast for FY2014/3
Note: Exchange rates for 4Q are US/¥: ¥103, €/¥: ¥140
¥100¥134
¥166.01
80.03.3%
155.06.5%
140.05.8%
2,400.0100.0%
FY2014/3(Latest)
¥97¥127
¥145.27
70.03.0%
140.06.0%
140.06.0%
2,350.0100.0%
FY2014/3(Previous
announcement)
+¥3+¥7
¥20.74
10.0+14.3%
15.0+10.7%
-
50.0+2.1%
Change from previous
announcement
+¥17+¥27
¥53.36
25.7+47.4%
35.8+30.0%
25.9+22.7%
185.3+8.4%
Change from previous yearFY2013/3
¥83¥107
¥112.65
54.32.5%
119.25.4%
114.15.2%
2,214.7100.0%
Revenue
Operating Income
Income before Income Taxes
Net Income Attributable to FUJIFILM Holdings
Net Income Attributable to FUJIFILM Holdingsper Share
Exchange Rates US$/¥€/¥
Corporate Communication Office, Corporate Planning Div.
http://www.fujifilmholdings.com/en/index.html
At Fujifilm, we are continuously innovating — creatingnew technologies, products and services that inspire
and excite people everywhere.Our goal is to empower the potential and expand
the horizons of tomorrow’s businesses and lifestyles.
17
Earnings for FY2014/3 3Q
AppendixAppendix
18
Earnings for FY2014/3 3Q Earnings for FY2014/3 3Q 3 Months/9 Months3 Months/9 Months
ChangeFY2014/3FY2013/3ChangeFY2014/3FY2013/3
+¥20
+¥32
12.7+68.9%
21.9+73.1%
19.1+82.9%
50.5+9.2%
¥101
¥137
31.05.2%
51.78.6%
42.27.0%
600.1100.0%
¥81
¥105
18.33.3%
29.85.4%
23.14.2%
549.6100.0%
3 Months 9 Months
¥99
¥132
62.53.5%
114.26.4%
99.65.6%
1,774.4100.0%
¥80
¥102
28.81.8%
62.83.9%
65.44.1%
1,611.2100.0%
Revenue163.2+10.1%
Operating Income
34.2+52.4%
Income before Income Taxes
51.4+81.7%
Net Income Attributable to FUJIFILM Holdings
33.7+116.6%
Exchange Rates US$/¥€/¥
+¥19
+¥30
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
Note: Analysis of operating income (9 months, YoY) Exchange rate fluctuations: +¥30.1 billion, Raw material prices: ¥(1.5) billion
(Billions of yen)(Billions of yen)
19
(Billions of yen)(Billions of yen)
(Billions of yen)(Billions of yen)Note: After elimination of intersegment transaction.
Change
50.5 (+9.2%)
30.1 (+12.3%)
11.4 (+5.4%)
9.0 (+9.7%)
Change
54.5 (+8.8%)671.1616.6223.2211.8Information Solutions
90.0 (+12.2%)825.2735.2275.2245.1Document Solutions
FY2014/3FY2014/3 FY2013/3FY2013/3
1,774.4
278.1
600.1
101.7 18.7 (+7.2%)259.492.7Imaging Solutions
1,611.2
9 Months
163.2 (+10.1%)549.6Total
3 MonthsRevenue
Change
19.1 (+82.9%)
0.6
8.5 (+52.7%)
3.8 (+21.0%)
6.2 (Return to profitability)
Change FY2014/3FY2014/3
9 Months3 MonthsOperating Income
[Operating Margin] FY2013/3FY2013/3
11.1 (+26.2%)53.5
[8.0%]
42.4
[6.9%]
21.7
[9.7%]
17.9
[8.4%]Information Solutions
18.5 (+35.3%)70.9
[8.5%]
52.4
[7.1%]
24.7
[8.9%]
16.2
[6.6%]Document Solutions
99.6
[5.6%]
(23.3)
(1.5)
[-0.5%]
42.2
[7.0%]
(8.1)
3.9
[3.8%]
2.2 (25.5)(8.7)Corporate Expenses &
Eliminations
2.4 (Reduction of deficit)(3.9)
[-1.5%]
(2.3)
[-2.5%]Imaging Solutions
65.4
[4.1%]34.2 (+52.4%)
23.1
[4.2%]Total
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
Earnings for FY2014/3 3Q Earnings for FY2014/3 3Q 3 Months/9 Months3 Months/9 Months
20
FY2014/3 3Q (3 Months) Performance by Operating SegmentFY2014/3 3Q (3 Months) Performance by Operating Segment
Imaging SolutionsImaging Solutions
Information SolutionsInformation Solutions
Document SolutionsDocument Solutions
Strong sales were seen for instant cameras and postcards, leading to an increase in overall sales in the photo imaging business.
Strong sales were seen for the premium interchangeable lens camera FUJIFILM X-E2. Fujifilm further expanded its lineup of high-end models.
As for the optical devices field, robust sales continued in camera modules for smartphones.
Sales proceeded smoothly in the medical systems and pharmaceuticals businesses. As for the life sciences business, strong sales were seen for the new whitening skincare series ASTALIFT WHITE.
In the FPD materials business, sales of FUJITAC and VA film were below the Company’s expectations, due to inventory adjustment seen at some manufacturers. However, sales of WV film were above the Company’s expectations.
As for the graphic systems business, Fujifilm and Heidelberger have unveiled a strategic partnership in the area of inkjet printing.
Sales increased in Japan and elsewhere in the Asia-Oceania region, as well as shipments for Xerox Corporation.
The rise in gross operating profit, due to sales growth, as well as the improvement in both manufacturing costs and expenses contributed to the increase in operating income.
In November 2013, Fuji Xerox began operation of a new manufacturing company (Fuji Xerox Hai Phong) in Vietnam.
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
21
Imaging SolutionsImaging Solutions(Billions of yen)(Billions of yen)
(Billions of yen)(Billions of yen)Note: After elimination of intersegment transaction.
9 Months3 Months
9.0 (+9.7%)
(0.4) (-1.1%)
3.3 (+25.9%)
(3.7) (-14.2%)
9.4 (+17.5%)
Change
101.7
38.6
16.1
22.5
63.1
FY2014/3
92.7
39.0
12.8
26.2
53.7
FY2013/3
(9.9) (-13.6%)63.072.9Electronic Imaging
14.8 (+40.0%)51.736.9Optical Devices
4.9 (+4.4%)114.7109.8Optical Device &
Electronic Imaging Products
13.8 (+9.2%)163.4149.6Photo Imaging
278.1
FY2014/3
18.7 (+7.2%)259.4Total
FY2013/3 ChangeRevenue
9 Months3 Months
6.2 (Return to profitability)
Change
3.9[3.8%]
FY2014/3
(2.3)[-2.5%]
FY2013/3
(1.5)[-0.5%]
FY2014/3
2.4 (Reduction of deficit)(3.9)
[-1.5%]Imaging Solutions
FY2013/3 Change
Operating Income
[Operating Margin]
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
Earnings for FY2014/3 3Q Earnings for FY2014/3 3Q 3 Months/9 Months3 Months/9 Months
22
12.8 14.3 16.9 18.7 16.1
19.120.6 22.5
53.7
53.2 48.551.8
63.1
19.926.2
-20
0
20
40
60
80
100
-5
0
5
10
15
20
25
Change in Quarterly Earnings by Operating Segment Change in Quarterly Earnings by Operating Segment
Imaging SolutionsImaging Solutions
Note: After elimination of intersegment transaction.
(Billions of yen)(Billions of yen)
Revenue
86.092.7
86.6
-0.9(-1.1%)
-2.3(-2.5%)
3.1(3.6%)
80
40
0
20
10
0
FY2014/3 2Q FY2014/3 3QFY2013/3 3Q FY2013/3 4Q FY2014/3 1Q
Photo Imaging
ElectronicImaging
Operating Income for Imaging Solutions(Operating Margin)
Optical Devices
Optical Device & Electronic Imaging
Products
Operating Income
90.4
-4.5(-4.9%)
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
101.7
3.9(3.8%)
23
Information SolutionsInformation Solutions (Billions of yen)(Billions of yen)
(Billions of yen)(Billions of yen)Note: After elimination of intersegment transaction.
Note: Due to a partly business transfer between the Graphic Systems and the Industrial Products businesses, some numbers have been changed.
9 Months3 Months
3.8 (+21.0%)
Change
21.7[9.7%]
FY2014/3
17.9[8.4%]
FY2013/3
53.5[8.0%]
FY2014/3
11.1 (+26.2%)42.4[6.9%]
Information Solutions
FY2013/3 Change
Operating Income[Operating Margin]
27.1 (+15.3%)204.3177.28.3 (+13.8%)68.760.4Graphic Systems
(10.0) (-8.4%)109.0119.0(10.4) (-23.6%)33.844.2FPD Materials
3.6 (+12.0%)33.129.50.9 (+8.0%)11.210.3Recording Media
Change
11.4 (+5.4%)
4.0 (+23.0%)
8.6 (+10.9%)
Change
3.6 (+5.9%)64.961.321.617.6Industrial Products
Electronic Materials & Others
FY2014/3FY2014/3 FY2013/3FY2013/3
671.1
259.8
223.2
87.9 30.2 (+13.2%)229.679.3Healthcare
616.6
9 Months
54.5 (+8.8%)211.8Total
3 MonthsRevenue
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
Earnings for FY2014/3 3Q Earnings for FY2014/3 3Q 3 Months/9 Months3 Months/9 Months
24
20.2 20.8 21.610.3 13.0 10.9 11.2
44.2 34.5 40.0 35.2 33.8
60.4 64.5 66.0 69.6 68.7
79.387.9
22.517.6
11.0
92.279.7
107.7
0
40
80
120
160
200
240
280
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
Healthcare
Graphic Systems
Information SolutionsInformation SolutionsOperating Income
(Billions of yen)(Billions of yen)
Note: After elimination of intersegment transaction.
Change in Quarterly Earnings by Operating Segment Change in Quarterly Earnings by Operating Segment
211.8
239.9
217.4
17.9(8.4%)
30.5(12.7%)
10
0
20
30240
160
80
0
Revenue
11.5(5.3%)
FPD Materials
Recording Media
Industrial ProductsElectronic Materials & Others
Operating Income for Information Solutions(Operating Margin)
Note: Due to a partly business transfer between the Graphic Systems and the Industrial Products businesses, some numbers have been changed.
FY2014/3 2Q FY2014/3 3QFY2013/3 3Q FY2013/3 4Q FY2014/3 1Q
230.5
20.3(8.8%)
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
223.2
21.7(9.7%)
25
Document SolutionsDocument Solutions
Note: After elimination of intersegment transaction.
(Billions of yen)(Billions of yen)
(Billions of yen)(Billions of yen)
17.7 (+15.3%)133.3115.69.1 (+24.6%)45.836.7Office Printers
7.2 (+6.8%)112.8105.63.4 (+9.9%)37.634.2Production Services
26.8 (+32.4%)109.582.74.1 (+12.8%)36.031.9Global Services
Change
30.1 (+12.3%)
6.9 (+30.9%)
6.6 (+5.5%)
Change
20.1 (+30.6%)86.065.929.923.0Others
FY2014/3FY2014/3 FY2013/3FY2013/3
825.2
383.6
275.2
125.9 18.2 (+5.0%)365.4119.3Office Products
735.2
9 Months
90.0 (+12.2%)245.1Total
3 MonthsRevenue
9 Months3 Months
8.5 (+52.7%)
Change
24.7[8.9%]
FY2014/3
16.2[6.6%]
FY2013/3
70.9[8.5%]
FY2014/3
18.5 (+35.3%)52.4[7.1%]
Document Solutions
FY2013/3 Change
Operating Income
[Operating Margin]
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
Earnings for FY2014/3 3Q Earnings for FY2014/3 3Q 3 Months/9 Months3 Months/9 Months
26
31.9 33.936.0
42.835.9
39.3 37.6
36.7
42.9
42.2
45.4 45.8
39.639.6
34.2
125.9
127.7
123.6
130.0
119.3
0
5
10
15
20
25
30
Office Products
Office Printers
Production Services
Global Services
Document SolutionsDocument Solutions(Billions of yen)(Billions of yen)
Operating Income for Document Solutions(Operating Margin)
Revenue Operating Income
Note: After elimination of intersegment transaction.
Change in Quarterly Earnings by Operating Segment Change in Quarterly Earnings by Operating Segment
16.2(6.6%)
245.1
277.0
23.5(8.4%)
21.7(8.1%)
265.3
0
300
200
100
30
20
10
0FY2014/3 2Q FY2014/3 3QFY2013/3 3Q FY2013/3 4Q FY2014/3 1Q
24.5(8.5%)
284.7
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
24.7(8.9%)
275.2
27
Revenue from Domestic and OverseasRevenue from Domestic and Overseas(Billions of yen)(Billions of yen)
FY2014/3 9 MonthsFY2013/3 9 Months
100.0%
58.7%
28.2%
11.0%
12.0%
18.5%
41.3%
Ratio (%)
163.2 (+10.1%)1,774.41,611.2100.0%Consolidated total
156.6 (+17.7%)1,042.2885.655.0%Overseas
89.8 (+21.9%)499.9410.125.5%Asia and others
47.6 (+32.3%)195.1147.59.2%China
27.9 (+15.0%)213.9186.011.5%Europe
38.9 (+13.4%)328.4289.518.0%The Americas
6.6 (+0.9%)732.2725.645.0%Domestic
ChangeRatio (%)
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
28
Capital ExpenditureCapital Expenditure , Depreciation & Amortization, Depreciation & Amortization
*Note: Figures do not include amounts for rental equipment handled by the Document Solutions segment.
(Billions of yen)(Billions of yen)
Imaging Solutions
Document Solutions Corporate
Information Solutions
Depreciation & Amortization (9 Months)
Capital Expenditure (9 Months)
FY2012/3 FY2013/3
FY2012/3 FY2013/3
FY2014/3
FY2014/3
Full year9 Months3 Months
93.4
141.5
13.3
71.8
53.1
3.3
76.7
9.9
39.9
24.8
2.1
FY
2013/3
66.5
102.6
8.9
51.7
39.4
2.6
53.1
7.1
30.8
13.8
1.4
FY
2013/3
23.5
35.7
3.5
17.0
14.1
1.1
15.7
2.2
7.5
5.5
0.5
FY
2013/3
96.6
147.8
14.6
72.5
57.5
3.2
90.9
12.8
56.2
19.3
2.6
FY
2012/3
90.0
140.0
-
-
-
-
80.0
-
-
-
-
FY2014/3
(forecast)
22.8
36.3
3.4
17.6
14.4
0.9
21.3
2.0
7.7
11.3
0.3
FY
2014/3
24.3
37.5
3.4
17.9
15.4
0.8
17.6
3.1
10.3
3.6
0.6
FY
2012/3
65.3
104.3
9.4
50.8
41.7
2.4
49.4
7.5
21.8
19.0
1.1
FY
2014/3
69.5
107.9
9.9
52.3
43.3
2.4
63.2
8.6
41.5
11.1
2.0
FY
2012/3
Imaging
Information
Document
Corporate
Imaging
Information
Document
Corporate
Depreciation*
Depreciation&
Amortization
Capex *
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
63.28.6
11.1
53.1
30.8
13.8
21.8
19.0
41.5
7.149.4
7.5
9.9
52.3
43.3
107.9 102.68.9
51.7
39.4
104.39.4
50.8
41.7
29
Imaging Solutions
Document Solutions
Corporate
Information Solutions
R&D Expenses, SG&A ExpensesR&D Expenses, SG&A Expenses
(Billions of yen)(Billions of yen)
R&D Expenses (9 Months)
FY2013/3 FY2014/3
25.7%
154.0
6.5%
39.2
1.8
15.0
15.7
6.7
FY2014/3
26.4%
145.2
7.5%
41.3
2.5
15.8
16.1
6.9
FY2013/3
3 Months Full year9 Months
-
-
7.1%
170.0
-
-
-
-
FY2014/3
(forecast)
27.0%
434.7
7.6%
123.1
8.2
48.3
46.1
20.5
FY2013/3
26.0%
459.9
6.9%
122.7
5.9
49.7
47.4
19.7
FY2014/3
7.6%<ratio to revenue>
10.5
67.5
63.4
26.8
Imaging
Information
Document
Corporate
25.6%
568.2
168.2
FY2013/3
<ratio to revenue >
SG&A Expenses
R&D Expenses
Note: As of FY2014/3 1Q, the Optical Devices business has been transferred from the information solutions segment to the imaging solutions segment, due to a change in the corporate structure, and some numbers have been changed.
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
46.1
48.3
8.2
123.1 122.75.9
49.7
47.4
20.5 19.7
30
Exchange Rates, Raw Material Prices, and Number of EmployeesExchange Rates, Raw Material Prices, and Number of Employees
Exchange RatesExchange Rates
Number of EmployeesNumber of Employees
(yen)(yen)
Impact of exchange rate movements on operating income ( FY2014/3 full year, ¥1 change)US$/¥: ¥1.1 billion €/¥: ¥0.9 billion
81,542
2012 Dec.
80,322
2013 Mar.
79,965
2013 Jun.
79,837
2013 Sep.
80,113
2013 Dec.
Consolidated Total
Raw Material PricesRaw Material Prices (Average) ((¥¥1,000/kg)1,000/kg)
132
99
9 Months
FY2014/3FY2013/3
137
101
3Q
105
81
3Q
129
99
1Q
134
100
Full year (forecast)
131
99
2Q
103
80
1Q
98
79
2Q
102
80
9 Months
122
93
4Q
107
83
Full year
US$/¥
€/¥
72
9 Months
FY2014/3FY2013/3
68
3Q
83
3Q
78
1Q
72
Full year (forecast)
68
2Q
79
1Q
71
2Q
78
9 Months
91
4Q
81
Full year
Silver
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
31
PipelinePipeline
Note: FKB327 (a biosimilar of adalimumab) from FUJIFILM KYOWA KIRIN Biologics, a equity method affiliated company, started P I clinical trials in Europe on April 2013 as planned.
Bio
Bio
Under non-clinical trialU.S.A./Europe/Japan
InjectionAnticancer drug (intractable solid cancer)
FF-10502
Under non-clinical trialU.S.A./Europe/Japan
InjectionAnticancer drug (intractable solid cancer)(armed antibody)
FF-21101
Preparing for PⅠU.S.A.
PⅠJapanOralAnticancer drug (myelodysplastic syndrome)
FF-10501
PⅢJapanInjectionAnticancer drug (prostate cancer)ITK-1
PⅠJapanOralMacrolide antibacterial agentT-4288
Completed PⅠJapan
PⅡU.S.A.OralAlzheimer's disease drugT-817MA
PⅠU.S.A.InjectionAntifungal agentT-2307
Already launched as Geninax in Japan
Completed PⅢ and preparing to submit an application
ChinaOralNew-type quinolone synthetic antibacterial agent
T-3811
PⅢU.S.A.
Submitted an application for permission
JapanOralAntiviral agentT-705
NoteDevelopment stageRegionFormulationTherapeutic categoryDevelopment
code
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
32
AppendixAppendix
・ Business presentation materials- Nov. 2013 Business Presentation for Medical Systems Business- Nov. 2013 Business Presentation for Pharmaceuticals Business
・ Conference Materials- Dec. 2013 NOMURA INVESTMENT FORUM 2013
FUJIFILM Holdings FUJIFILM Holdings -- Investor RelationsInvestor Relationshttp://www.fujifilmholdings.com/en/investors/index.html
What Kind of Company Is Fujifilm?What Kind of Company Is Fujifilm?http://www.fujifilmholdings.com/en/investors/guidance/index.html
IRIR Events MaterialsEvents Materialshttp://www.fujifilmholdings.com/en/investors/ir_events/business_presentations/index.html
FUJIFILM Holdings Annual Report 2013FUJIFILM Holdings Annual Report 2013http://www.fujifilmholdings.com/en/investors/annual_reports/2013/index.html
FY2014/3 3Q AppendixFY2014/3 3Q Appendix
Corporate Communication Office, Corporate Planning Div.
http://www.fujifilmholdings.com/en/index.html
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