Modest 3Q13 for Fujifilm - Analyst Blog

By
A A A

Fujifilm Holdings Corporation ( FUJIY ), a Japan based producer of photographic imaging products, reported a net income of ¥23.1 billion ($294.9 million) for third quarter of fiscal 2013 (ending Dec 31, 2012), up 88.6% year over year, in local currency.

Revenue : Revenue in the reported quarter shot up 2.7% year over year to ¥549.6 billion ($6,773.8 million). It surpassed the Zacks Consensus Estimate of $6,170.0 million by a comfortable margin. However, revenue was negatively impacted by strong yen appreciation as well as economic meltdown in Europe.

Revenues from the Imaging Solutions segment accounted for 14.5% of total revenue at ¥79.9 billion ($984.9 million), Information Solutions segment contributed 40.9% of total revenue at ¥224.6 billion ($2,768.9 million) and Document Solutions generated 44.6% at ¥245.1 billion ($3,020.0 million).

Of the total revenue, domestic revenue accounted for 44.4% while international revenue generated 55.6% during the quarter.

Costs/Margins : As a percentage of revenue, cost of sales in the quarter inched up 4.8% year over year to ¥340.0 billion ($4,190.7 million). Gross margins stood at 38.1% versus 39.4% in the year-ago quarter. SG&A and R&D expenses together accounted for ¥186.5 billion ($2,298.5 million), representing 33.9% of total revenue compared with ¥184.2 billion ($2,382.3 million), representing 34.4% recorded in the year-ago quarter.

Balance Sheet : Cash and cash equivalents at the end of the period registered an increase of 36.2% over the previous sequential quarter, standing at ¥427.9 billion ($4,982.1 million).

Long-term debt of the company stood at ¥246.3 billion ($2,868.6 million) at Dec 31, 2012, up 114.6% from the end of Sep 30, 2012.

Cash flow : Net cash provided by operating activities for three months ended Dec 31, 2012, increased to ¥34.8 billion ($429.2 million) against ¥9.4 billion ($122.2 million) in the year-ago quarter.

Currently, the stock carries a Zacks Rank #3 (Hold). Other technology stocks worth a look are Interdigital Inc. ( IDCC ), Omnivision Technologies Inc. ( OVTI ) and On Semiconductor Corp. ( ONNN ); each holding a Zacks Rank #2 (Buy).

Note:

1. The effective currency exchange rates used for the US Dollars against yen for Income Statement and Cash Flow Statement were ¥81.13 and ¥77.31 for quarter ended December 2012 and December 2011, respectively.

2. The effective currency exchange rate used for the US Dollars against yen for Balance Sheet was ¥85.88 for quarter ended December 2012.



FUJIFILM HLDGS (FUJIY): Free Stock Analysis Report

INTERDIGITL INC (IDCC): Free Stock Analysis Report

ON SEMICON CORP (ONNN): Free Stock Analysis Report

OMNIVISION TECH (OVTI): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



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: FUJIY , IDCC , ONNN , OVTI

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

23,922,834
  • $16.105 ▲ 0.59%
21,630,293
  • $102.43 ▲ 0.18%
21,360,154
  • $19.399 ▲ 1.46%
17,605,081
  • $49.29 ▼ 0.28%
14,892,459
  • $13.0601 ▼ 0.38%
14,807,546
  • $53.948 ▲ 19.12%
14,299,447
  • $34.885 ▲ 0.68%
12,537,213
  • $74.645 ▲ 1.07%
As of 8/29/2014, 12:52 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com