Fujifilm Ups 4Q Net Income - Analyst Blog

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Fujifilm Holdings Corporation ( FUJIY ) reported a net income of ¥20.1 billion ($25.4 million) for fourth-quarter of fiscal 2012, up 268.3% year over year. However, for full-year 2012, net income came in at ¥43.8 billion ($55.5 million), down 31.5% year on year.

Revenue

Revenue in the reported quarter inched up 2% year over year to ¥576.8 billion ($727.7 million).

Revenues from the Imaging Solutions segment accounted for 12.8% of total revenue, Information Solutions segment contributed 41.8%, and Document Solutions generated 45.4%.

Of the total revenue, domestic revenue accounted for 49.1% while international revenue generated 50.9% during the quarter

Revenue for full-year 2012 was recorded at ¥2195.3 billion ($2779.9 million), down 1% year over year.

Margins

As a percentage of revenue, cost of sales in the quarter inched up 0.7% year over year. Gross margins stood at 39.7% versus 39.0% in the year-ago quarter. SG&A and R&D expenses together accounted for 35% of total revenue compared with 33% recorded in the year-ago quarter. Operating margin increased from 2.5% in the year-ago quarter to settle at 4.7%.

Balance Sheet

Cash and cash equivalents at the end of the year registered a decrease of 24.4%. Purchases of property, plants and equipments increased 4.8% at the end of fiscal 2012.

Long-term debt of the company stood at ¥20.3 billion ($24.7 million) at the quarter ended March 31, 2012, up 83% at the quarter ended March 31,2011.

Cash flow

Net cash provided by operating activities for twelve months ended March 31, 2012, decreased 32.2% year over year to ¥135.1 billion ($170.5 million).

Fujifilm is a leading global producer of photographic imaging products. The company is engaged in developing, manufacturing and marketing traditional and digital imaging products and competes with another global player, Canon Inc . ( CAJ ).

We currently hold a Neutral recommendation on the stock. Fujifilm has a Zacks #3 Rank, implying a short-term (1-3 months) Hold rating.


 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: CAJ , FUJIY

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