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Fujifilm Q1 Profits See Strong Growth

Tokyo — Fujifilm saw net income in its first quarter, ended June 1, hit $343 million, up 751 percent from the year-ago quarter.

First quarter operating income hit $501 million on sales of medical equipment, film for flat-panel TVs and strong digital camera sales, the company reported.

Operating income grew 280 percent vs. the year-ago quarter while revenue climbed 4.8 percent versus last year’s quarter, to roughly $5.7 billion.

According to the company, the imaging solutions group, which includes its digital camera business, saw a 3.8 percent drop in revenue due to weaker sales of digital minilabs, photo processing services and color film sales.