Fujifilm’s Imaging Solutions division, which includes the digital cameras, photographic materials and imaging services businesses, was not only affected by the unfavorable economic environment, but also by falling prices and decreasing demand. Revenue declined 25 percent to Yen 410.4 billion (Euro 3.157 billion) with an operative loss of Yen 29.3 billion (Euro 225.4 million) compared with a loss of Yen 2.4 billion (Euro 18.5 million) in the previous fiscal year.
Fujifilm’s sales in Europe declined by 19.3 percent to Yen 293.5 billion (Euro 2.26 billion); the operating profit reached Yen 2.3 billion (Euro 17.8 million) after an operative loss of Yen 1.8 billion (Euro 13.8 million) in the previous fiscal year.
For the current fiscal year and the following years, Fujifilm has announced increased investments in growing businesses related to life science, medical systems and IT. For the fiscal year that will end March 31, 2010, the company expects a further decline in sales of 5.5 percent to Yen 2.3 trillion (Euro 17.7 billion) with an operating result of Yen 55 billion (Euro 423 million) and a net loss of Yen 60 billion (Euro 461.5 million) due to significantly higher restructuring costs.