Fujifilm Holdings Corporation
), 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 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
: 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.
: 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
: 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
Currently, the stock carries a Zacks Rank #3 (Hold). Other
technology stocks worth a look are
Omnivision Technologies Inc.
On Semiconductor Corp.
); each holding a Zacks Rank #2 (Buy).
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
INTERDIGITL INC (IDCC): Free Stock Analysis
ON SEMICON CORP (ONNN): Free Stock Analysis
OMNIVISION TECH (OVTI): Free Stock Analysis
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