New York — Fujifilm posted a 69 percent increase in operating income for its fiscal third quarter, ending Dec. 31.
For the quarter, Fujifilm’s operating income rose to $581 million while revenue rose 5 percent to $5.9 billion vs. the year-ago quarter. Net income fell 9 percent to $203 million vs. year-ago third quarter.
Revenue in the company’s imaging solutions division — which accounts for film and digital cameras — declined 12 percent to $1.4 billion. The company cited increased pricing pressure in the digital camera market and the large install base of its digital minilab for the lackluster sales, adding that structural improvements were underway to realign those businesses. It also plans to concentrate on selling digital ordering terminals to offset declines in its photofinishing segment.
The company’s overall fortunes were boosted by strong sales in specialty films used in LCD TVs, in medical devices and document imaging, the company said.