1st quarter fiscal 2005 quarter fiscal 2005 earnings presentation · 2020-05-22 · 1st quarter...

14
1 st st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation Earnings Presentation FUJI PHOTO FILM CO., LTD. FUJI PHOTO FILM CO., LTD. July 30, 2004 July 30, 2004 FORWARD-LOOKING STATEMENTS This document contains projections of performance and other projections, which are made based on judgments regarding currently available information and which encompass potential risks and uncertainties. Accordingly, please be aware that diverse factors may cause actual results to differ materially from projected results. 1 Operating Results Operating Results Revenue Revenue +0.5 0.5 +3.4 3.4 608.4 608.4 100.0% 100.0% 611.8 611.8 100.0% 100.0% Domestic Domestic Overseas Overseas % Change Change 23.3 23.3 47.7 47.7 47.1 47.1 315.7 315.7 292.7 292.7 ¥119 119 ¥133 133 3.8% 3.8% 7.8% 7.8% 7.7% 7.7% 51.9% 51.9% 48.1% 48.1% Three months ended Three months ended June. 30, 2003 June. 30, 2003 (2.1) (2.1) +3.4 +3.4 (6.6) (6.6) +10.0 +10.0 309.1 309.1 302.7 302.7 50.5% 50.5% 49.5% 49.5% (15.2) 15.2) (7.2) (7.2) 39.9 39.9 6.5% 6.5% Operating Operating Income Income (7.7) 7.7) (13.3) 13.3) 9) 9) 1) 1) (1.8) 1.8) (6.4) 6.4) Amount Amount 21.5 21.5 41.3 41.3 3.5% 3.5% Net Income Net Income ¥110 110 ¥132 132 Exchange Rates Exchange Rates US$ US$ Euro Euro 6.8% 6.8% Income before Income before Income Taxes Income Taxes Three months ended Three months ended June. 30, 2004 June. 30, 2004 Performance Summary Performance Summary Billions of yen Billions of yen

Upload: others

Post on 30-May-2020

6 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

11stst Quarter Fiscal 2005Quarter Fiscal 2005Earnings PresentationEarnings Presentation

FUJI PHOTO FILM CO., LTD.FUJI PHOTO FILM CO., LTD.July 30, 2004July 30, 2004

FORWARD-LOOKING STATEMENTSThis document contains projections of performance and other projections, which are made based on judgments regarding currently available information and which encompass potential risks and uncertainties. Accordingly, please be aware that diverse factors may cause actual results to differ materially from projected results.

11

Operating ResultsOperating Results

RevenueRevenue ++0.50.5++3.43.4608.4608.4100.0%100.0%611.8611.8100.0%100.0%

DomesticDomesticOverseasOverseas

%%

ChangeChange

23.323.3

47.747.7

47.147.1

315.7315.7292.7292.7

¥¥119119¥¥133133

3.8%3.8%

7.8%7.8%

7.7%7.7%

51.9%51.9%48.1%48.1%

Three months ended Three months ended June. 30, 2003June. 30, 2003

(2.1)(2.1)+3.4+3.4

(6.6)(6.6)+10.0+10.0

309.1309.1302.7302.7

50.5%50.5%49.5%49.5%

((15.2)15.2)(7.2)(7.2)39.939.96.5%6.5%Operating Operating IncomeIncome

((7.7)7.7)

((13.3)13.3)

((¥¥9)9)((¥¥1)1)

((1.8)1.8)

((6.4)6.4)

AmountAmount

21.521.5

41.341.3

3.5%3.5%Net IncomeNet Income

¥¥110110¥¥132132

Exchange RatesExchange RatesUS$US$EuroEuro

6.8%6.8%Income before Income before Income TaxesIncome Taxes

Three months ended Three months ended June. 30, 2004June. 30, 2004

Performance SummaryPerformance Summary

Billions of yenBillions of yen

Page 2: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

22

500.0

600.0

700.0

Change in RevenueChange in Revenue

Volumes andVolumes andNew Consolidation:New Consolidation:

+31.0+31.0

ForeignForeignExchange:Exchange:

--11.511.5Product Mix andProduct Mix andPrice Changes:Price Changes:

--15.515.5YoYYoY: +3.4 : +3.4 608.4608.4611.8611.8

Performance SummaryPerformance Summary

FY2004 1QFY2004 1Q FY2005 1QFY2005 1Q

Billions of yenBillions of yen

33

0.0

20.0

40.0

60.0

Change in Operating IncomeChange in Operating Income

Increase inIncrease inSG&ASG&A

(including R&D):(including R&D):--5.05.0

Volumes andVolumes andNew Consolidation:New Consolidation:

+10.0+10.0 ForeignForeignExchange:Exchange:

--4.54.5Product Mix andProduct Mix andPrice Changes:Price Changes:

--15.515.5

YoYYoY: : --7.27.2

47.147.1Others:Others:

+8.0+8.039.939.9

Performance SummaryPerformance Summary

Billions of yenBillions of yen

FY2004 1QFY2004 1Q FY2005 1QFY2005 1Q

Page 3: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

44

Operating SegmentsOperating Segments

+1.7+1.7(23.3)(23.3)

+4.0+4.0(3.5)(3.5)

235.3235.315.115.16.4%6.4%

239.3239.311.611.64.8%4.8%

Document SolutionsDocument SolutionsRevenueRevenueOperating IncomeOperating Income

%%ChangeChange

608.4608.447.147.1

(4.0)(4.0)0.10.1

183.6183.614.614.6

193.5193.517.317.3

7.7%7.7%

7.9%7.9%

9.0%9.0%

Three months ended Three months ended June. 30, 2003June. 30, 2003

+1.1+1.1(52.0)(52.0)

+2.2+2.2(9.0)(9.0)

195.7195.78.38.34.3%4.3%

Imaging SolutionsImaging SolutionsRevenueRevenueOperating IncomeOperating Income

(1.4)(1.4)+37.5+37.5

(2.6)(2.6)+5.4+5.4

181.0181.020.020.011.1%11.1%

Information SolutionsInformation SolutionsRevenueRevenueOperating IncomeOperating Income

+0.5+0.5(15.2)(15.2)

----

+3.4+3.4(7.2)(7.2)

(0.2)(0.2)(0.1)(0.1)

AmountAmount

611.8611.839.939.9

(4.2)(4.2)00

6.5%6.5%Total RevenueTotal Revenue

Operating IncomeOperating Income

EliminationsEliminationsRevenueRevenue

   Operating IncomeOperating Income

Three months ended Three months ended June. 30, 2004June. 30, 2004

Revenue by Operating SegmentImaging:

32%

Information:29%

Document:39%

Performance SummaryPerformance Summary

Billions of yenBillions of yen

55

193.3195.7

17.38.3

0.0

100.0

200.0

300.0

FY2004-1Q FY2005-1Q0.0

10.0

20.0

30.0

40.0

50.0

Revenue Operating income

*After Eliminating intersegment

(9.0%)(9.0%)

YoYYoY: : --52.0%52.0%

YoYYoY: +1.2%: +1.2%

(4.3%)(4.3%)

((Left scale) Left scale) (Right scale)(Right scale)

Billions of yenBillions of yen

Breakdown of RevenueBreakdown of RevenueRevenueRevenue* * /Operating Income/Operating IncomeImaging SolutionsImaging Solutions

Operating SegmentsOperating Segments

YoYYoY: : --12%12%

YoYYoY: +23%: +23%YoYYoY: +5%: +5%

YoYYoY: +3%: +3%

YoYYoY: +4%: +4%

Color Filmsand Others:

26%

Electronic Imaging:

23%Color Paper

and Chemicals:18%

PhotofinishingEquipment:

13%

Labs andFDi services:

18%

Page 4: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

66

A new kind of silverA new kind of silver--halide photographic appealhalide photographic appeal

NATURA S NATURA 1600

Reversal film with rich, ultrahighReversal film with rich, ultrahigh--colorcolor

Color Films and OthersColor Films and Others

Newly developed products that further extendNewly developed products that further extendthe capabilities of silverthe capabilities of silver--halide photographyhalide photography

FUJICHROME fortia

<Limited Edition product>

Ratio of Revenue:26%Ratio of Revenue:26%YoYYoY: : --12%12%

Sales volume decreased 18% YoY in Japan and 5% overseas.The Company developed Natural Photo (NP) System NATURA, which further extends theultrasensitive capabilities of silver-halide photography and makes it possible to create photographswith a natural quality, without using flash illumination.(Scheduled to be launched in Japan from this autumn)

Operating SegmentsOperating Segments

77

FinePix FinePix F440F440FinePix FinePix F450F450

Effective pixels: 5.2 million (F450), 4.1 million (F440)Approx. 21mm thin body and 3.4x optical zoom

Big and easy-to-view 2 inch, 154,000 pixel LCD monitor

Effective pixels: 5.2 million (F450), 4.1 million (F440)Approx. 21mm thin body and 3.4x optical zoom

Big and easy-to-view 2 inch, 154,000 pixel LCD monitor

New ProductsNew Products

Diverse new productsto be launched in 2nd quarter!

FinePix F810FinePix E550

FinePix S3 Pro

Electronic ImagingElectronic Imaging

Operating SegmentsOperating SegmentsRatio of Revenue: 23%Ratio of Revenue: 23%YoYYoY: +23%: +23%

In April 2004, domestic digital camera marketing units were consolidated and marketing,sales promotion, and technical service capabilities were bolstered.Digital camera sales volume increased roughly 14% YoY, to approximately 1,200,000 units.The FinePix F440/F450 were launched in July 2004 and have been highly evaluatedin the market.Shipments of camera modules to mobile phone manufacturers increased.

Page 5: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

88

TV commercial campaignstrives to spotlight the

superiority of prints made with Fujifilm's digital minilabs.

Color Paper and ChemicalsColor Paper and Chemicals

Photofinishing EquipmentPhotofinishing Equipment

Frontier Digital Frontier Digital MinilabMinilab

Operating SegmentsOperating SegmentsRatio of Revenue: 18%Ratio of Revenue: 18%YoYYoY: +5%: +5%

The Company implemented powerful marketing promotion campaigns for digital camera prints.Domestic sales volume increased 2% YoY. Overseas sales volume increased 14% YoY,reflecting a rise in sales of digital minilabs. (The share of digital camera prints amongall prints at Frontier installed retail outlets in Japan rose to 23%.)

Ratio of Revenue: 13%Ratio of Revenue: 13%YoYYoY: +3%: +3%

Digital minilab sales volume increased 30% YoY, to 2,500 units.Digital minilab sales are continuing to be strong overseas, particularly in North America.

99

179.9182.5

14.6

20.0

0.0

100.0

200.0

300.0

FY2004-1Q FY2005-1Q0.0

10.0

20.0

30.0

40.0

50.0

Revenue Operating Income

Information SolutionsInformation Solutions

Operating SegmentsOperating Segments

*After Eliminating intersegment

(7.9%)(7.9%)YoYYoY: +37.5%: +37.5%

YoYYoY: : --1.4%1.4%

(11.1%)(11.1%)

((Left scale) Left scale) (Right scale)(Right scale)

Billions of yenBillions of yen

Breakdown of RevenueBreakdown of RevenueRevenueRevenue* * /Operating Income/Operating Income

YoYYoY: slightly increased: slightly increased

YoYYoY: : --5%5%YoYYoY: +60%: +60%

YoYYoY: : --14%14%

YoYYoY: : --1%1%

Graphic Arts:30%

Medical Imaging:

26%

Flat PanelDisplay Materials:

13%

Office & Industry:11%

RecordingMedia: 15%

Page 6: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

1010

Facilitates the use of mammographyfor the diagnosis of breast cancerClearly shows even tiny tumors,supporting early treatment

FCR PROFECT CSFCR PROFECT CS DoubleDouble--balloon Methodballoon MethodElectronic Electronic EnteroscopyEnteroscopy SystemSystem

Enables the inspection and treatment of the entire smallintestine, which was previously difficult

Digital XDigital X--Ray Diagnostic SystemsRay Diagnostic Systems Electronic EndoscopesElectronic Endoscopes

In April 2004, Fujifilm unified its domestic medical imaging product marketing companies, thereby creating a stronger system for marketing and services.The launch of new products in the FCR (Fuji Computed Radiography) line of digital X-raydiagnostic systems had a beneficial effect on sales, which were robust.Business in endoscopes is expanding smoothly.

Medical Imaging ProductsMedical Imaging Products

Operating SegmentsOperating SegmentsRatio of Revenue: 26%Ratio of Revenue: 26%YoYYoY: slightly increased: slightly increased

1111

South Carolina Factory South Carolina Factory (USA)(USA)Production scheduled to Production scheduled to begin in Autumn 2004begin in Autumn 2004

YoshidaYoshida--Minami FactoryMinami FactoryManufacturing of thermal and Manufacturing of thermal and photopolymer CTP platesphotopolymer CTP plates

Netherlands FactoryNetherlands FactoryProduction of Production of photopolymer CTP plates photopolymer CTP plates scheduled to begin in scheduled to begin in spring 2005spring 2005

China FactoryChina FactoryManufacturing of thermal Manufacturing of thermal CTP platesCTP plates

Fujifilm'sFujifilm's CTP Plate Manufacturing BasesCTP Plate Manufacturing Bases

Graphic Arts System ProductsGraphic Arts System Products

Operating SegmentsOperating SegmentsRatio of Revenue: 30%Ratio of Revenue: 30%YoYYoY: : --5%5%

Sales have been robust for CTP-related products, including HP-S thermal CTP plates and LP-NVphotopolymer-violet CTP plates.Fujifilm is strengthening its quadripolar global CTP-PS plate manufacturing network, with basesin Japan, the United States, The Netherlands, and China.

Page 7: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

1212

FUJIFILM Opto Materials’ facilities in Shizuoka Prefecture, obtained ISO 9001 and ISO 14001 certification in April 2004.

The FPD Manufacturing Base of FUJIFILM The FPD Manufacturing Base of FUJIFILM OptoOpto MaterialsMaterials

Flat Panel Display MaterialsFlat Panel Display Materials

Operating SegmentsOperating Segments

Ratio of Revenue: 13%Ratio of Revenue: 13%YoYYoY: +60%: +60%

FPD materials sales increased approximately 60% YoY, to approximately ¥24.0 billion.The production capacity of FUJIFILM Opto Materials(FOM), is being increased, and FOM isscheduled to begin operating a new FUJITAC manufacturing plant in August 2004.

1313

for VIDEO

DVD-R DVD-RW DVD-RAM DVD+RW

DVD Media Product LineupDVD Media Product Lineup

*SuperDLTtape is a trademark of Quantum Corporation in the United States.*LTO and Ultrium are trademarks of Certance, HP and IBM in the United States. and other countries or both.

*TotalStorage is a trademark of IBM in the United States and other countries or both.

Recording MediaRecording Media

Operating SegmentsOperating SegmentsRatio of Revenue: 15%Ratio of Revenue: 15%YoYYoY: : --14%14%

Amid intensifying competition in the data storage tape market, sales of Super DLTtape™ I and LTO Ultrium 2 were strong.Sales of the data cartridges which employ NANOCUBIC technology for IBM TotalStorage®

Enterprise Tape Drive 3592 were robust.Fujifilm strengthened its lineup of DVD media products in response to the increasing popularityof DVD recorders.The Company began a DVD dye business that leverages its unique organic compound technologies.

Page 8: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

1414

The DIGI POWER101—the world's top zoom lens in terms of telephoto capabilities

The DIGI POWER13—the world's top zoom lens in terms of wide-angle capabilities

FUJINON PrecisionFUJINON Precision AutofocusAutofocus SystemSystemIncorporated in BroadcastIncorporated in Broadcast--Use HiUse Hi--Vision LensesVision Lenses

Office & IndustryOffice & Industry

Operating SegmentsOperating Segments

Ratio of Revenue: 11%Ratio of Revenue: 11%YoYYoY: : --1%1%

Fujifilm increased its sales of lens units to the camera phone industry,which is progressively increasing the pixel resolutions of its products.The Company is building a new factory in Tianjin to strengthen its capabilities for manufacturinglenses for camera phones.

Prizes received from four leading U.S. broadcasting magazinesat the NAB Show, the world’s largest broadcast equipment showDecision made to use the DIGI POWER101, which is the world’stop zoom lens in terms of telephoto capabilities, at the AthensOlympic games

1515

236.2232.6

11.615.1

0.0

100.0

200.0

300.0

FY2004-1Q FY2005-1Q0.0

10.0

20.0

30.0

40.0

50.0

Revenue Operating Income

(6.4%)(6.4%) ((4.8%)4.8%)

*After Eliminating intersegment

YoYYoY: : --23.3%23.3%

YoYYoY: +1.5%: +1.5%

((Left scale) Left scale) (Right scale)(Right scale)

Billions of yenBillions of yen

Document SolutionsDocument Solutions

Operating SegmentsOperating Segments

Breakdown of RevenueBreakdown of RevenueRevenueRevenue* * /Operating Income/Operating Income

YoYYoY: +2%: +2%

Office Products:57%YoYYoY: +4%: +4%

Office Printers:15%

YoYYoY: : --4%4%

Production Services:

10%

YoYYoY: +27%: +27%

Office Services:4%

Page 9: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

1616

DocuCentre Color New Series Digital Color Multifunction Machines

「DocuCentre Color f450/f360/f250」

「DocuCentre Color a450/a360/a250」

Mainstay Office Products in JapanMainstay Office Products in Japan

Office ProductsOffice Products

Operating SegmentsOperating SegmentsRatio of Revenue: 57%Ratio of Revenue: 57%YoYYoY: +2%: +2%

Rapid growth was sustained in domestic sales of digital color multifunction machines.Sales of products in new series in the DocuCentre Color continued to be robust.Digital color multifunction machine sales volume were up approximately 50% in Japanand 30% worldwide.

1717

DocuPrint C2426Color Laser Printer

Mainstay Office Printer Product in JapanMainstay Office Printer Product in Japan

Office PrintersOffice Printers

Operating SegmentsOperating SegmentsRatio of Revenue: 15%Ratio of Revenue: 15%YoYYoY: +4%: +4%

Strong performance was recorded in sales overseas and exports.In terms of sales volume, exports to North America and Europe were up approximately 35% YoY, and exports to the Asia/Oceania region roughly doubled. Sales volume in Japan was downapproximately 10%, and worldwide sales grew about 15%.

Page 10: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

1818

Mainstay Production Services ProductsMainstay Production Services Products

Color DocuTech 60 V

DocuColor iGen3 Digital Production Press

Production ServicesProduction Services

Operating SegmentsOperating SegmentsRatio of Revenue: 10%Ratio of Revenue: 10%YoYYoY: : --4%4%

Office ServicesOffice Services Ratio of Revenue: 4%Ratio of Revenue: 4%YoYYoY: +27%: +27%

Exports of digital color printing systems to North America and Europe approximately doubledin volume, YoY.Marketing for the DocuColor iGen3 system—which is a high-speed, high-precision, full-color,on-demand printing system—began in Japan from June.

Document outsourcing business is increasing.Sales of Internet-based beat services for medium-sized and small business facilities were up.

1919

ChangeChange

----82.582.53.1%3.1%82.582.53.1%3.1%Net IncomeNet Income----¥¥108108¥¥108108Exchange RateExchange Rate: US$: US$

%%

¥¥128128

154.0154.0

164.0164.02,680.02,680.0

5.7%5.7%

6.1%6.1%100.0%100.0%

AnnouncedAnnouncedon April 30on April 30

----2,680.02,680.0100.0%100.0%RevenueRevenue----164.0164.06.1%6.1%Operating IncomeOperating Income

--

--

--

--

AmountAmount

¥¥128128

154.0154.0

EuroEuro

5.7%5.7%Income before Income before

Income TaxesIncome Taxes

AnnouncedAnnouncedon July 30on July 30

Outlook For the FY2005Outlook For the FY2005Six Months Period Ending September 30, 2004.Six Months Period Ending September 30, 2004.

ChangeChange

%%

++14.614.6++6.06.041.041.03.1%3.1%47.047.03.6%3.6%Net IncomeNet Income----¥¥108108¥¥108108Exchange RateExchange Rate: US$: US$----¥¥128128¥¥128128EuroEuro

AmountAmount

77.077.0

83.083.01,310.01,310.0

5.9%5.9%

6.3%6.3%100.0%100.0%

AnnouncedAnnouncedon April 30on April 30

----1,310.01,310.0100.0%100.0%RevenueRevenue++15.715.7++13.013.096.096.07.3%7.3%Operating IncomeOperating Income

++16.916.9++13.013.090.090.06.9%6.9%Income before Income before

Income TaxesIncome Taxes

AnnouncedAnnouncedon July 30on July 30

Year ending March 31, 2005.Year ending March 31, 2005.

Billions of yenBillions of yen

Page 11: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

2020

Building New Growth StrategiesBuilding New Growth Strategies——Creating New Businesse s Expected to Become the Pillars of Creating New Businesse s Expected to Become the Pillars of FujifilmFujifilm’’s s Future OperationsFuture Operations

R&D Efforts and Results

M&A Activities and Corporate Alliances

TheThe QuickGeneQuickGene--800 800 Automated Nucleic Acid Automated Nucleic Acid

Extraction SystemExtraction System

Digital Exposure Digital Exposure System for Printed System for Printed

Circuit BoardsCircuit Boards

Implementation of VISION 75 (1)Implementation of VISION 75 (1)

Major renovation of the R&D systemEstablishment of a Corporate Lab to focus on core technologies that are key tothe Company's future operations.Fostering the development of new businessesLife sciences field: Commercialization of the QuickGene-800 automated nucleic acid extraction system Industrial digital imaging field: Development of digital exposure system for printed circuit boards

Acquisition of Hanimex Australasia, a marketing distributor in the Oceania regionInvestments in start-up firmsInvestment in Vitex Systems, which has promising technologies related to organicelectroluminescent display materialsInvestment in TeraRecon, which is strong with respect to medical imaging and otherimage processing fieldsEstablishment of the Fujifilm Business Development Fund (total budget of ¥20 billion)

2121

Comprehensive Structural Reforms Throughout OperationsComprehensive Structural Reforms Throughout OperationsStructural Reform of Domestic Distribution and Marketing OperationsReorganization of imaging operationsOctober 2004: Establishment of FUJIFILM IMAGING Co., Ltd.Now: Discussions under way with four major photographic product distributors regarding

the transfer of their Fujifilm Group product marketing operations to FUJIFILM IMAGINGReorganization of information operationsApril 2004: Merger of two domestic marketing companies—FUJIFILM Medical Co., Ltd., and Chiyoda Medical Co., Ltd.

Simplification of distribution processes

Consolidation of distribution bases

Elimination of duplicated functions in marketing and distribution

Cost reductions due topersonnel streamlining

Reduction of distributionand marketing costs Annual costs to be reduced by

a total of ¥10 billion or more bythe fiscal year ending March 31, 2007.

April 2004: Elimination of internal company system and shift to business division system, resulting in an approximate 40% reduction in the number of organizational units

Organizational reforms accompanied by a reduction in the number of managerial positionsPersonnel streamlining through the establishment of a voluntary early retirement systemand a system for supporting employees’ efforts to embark on new careers

Fuji Xerox Organizational and Staffing Reforms

The implementation of these structural reforms is expectedto continue restraining overall personnel expense

Implementation of VISION 75 (2)Implementation of VISION 75 (2)

Page 12: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

2222

Note: Outside evaluations of the Company's CSR performance

CSR Ranking: 9th place (Nikkei Business)Quality Management Survey: 5th place (Nihon Keizai Shimbun, Inc., and

the Union of Japanese Scientists and Engineers)

Implementation of VISION 75 (3)Implementation of VISION 75 (3)

Strengthening Consolidated ManagementStrengthening Consolidated Management

Introduction of consolidated management systems focused on EVAEstablishment of advance approval guidelines for major business initiativesthroughout the GroupApril 2004: Establishment of CSR DivisionStrengthening internal control systems through unified supervision of the Compliance & RiskManagement Division and the Ecology and Quality Management DivisionIntroduction of cash management system (CMS) from autumn 2004Increasing the efficiency of Fujifilm Group fund procurement and reducing borrowings fromoutside the Group

2323

%%

OverseasOverseas

++25.125.166.066.010.9%10.9%82.582.513.5%13.5%Asia & OthersAsia & Others++3.43.4292.7292.748.1%48.1%302.7302.749.5%49.5%SubtotalSubtotal

AmountAmountRatioRatioAmountAmountRatioRatio

++0.50.5608.4608.4100.0%100.0%611.8611.8100.0%100.0%Consolidated TotalConsolidated Total

(1.7)(1.7)88.488.414.5%14.5%86.986.914.2%14.2%EuropeEurope(3.7)(3.7)138.3138.322.7%22.7%133.3133.321.8%21.8%The AmericasThe Americas(2.1)(2.1)315.7315.751.9%51.9%309.1309.150.5%50.5%DomesticDomestic

ChangeChangeThree monthsThree months

ended June. 30, 2003ended June. 30, 2003Three monthsThree months

ended June. 30, 2004ended June. 30, 2004

Domestic and Overseas RevenueDomestic and Overseas Revenue

Reference Data 1Reference Data 1

YoYYoY: : --2.1%2.1%

YoYYoY: +25.1%: +25.1%

YoYYoY: : --1.7%1.7% Domestic:Europe:

Asia and Others:

YoYYoY: : --3.7%3.7%The Americas:

Billions of yenBillions of yen

Page 13: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

2424

Geographic InformationGeographic Information

Reference Data 2Reference Data 2

Billions of yenBillions of yen

Revenue Revenue Operating IncomeOperating Income

Revenue Revenue Operating IncomeOperating Income

Revenue Revenue Operating IncomeOperating Income

Revenue Revenue Operating IncomeOperating Income

Revenue Revenue Operating IncomeOperating Income

Revenue Revenue Operating IncomeOperating Income

+13.4+13.4+20.4+20.4

+8.1+8.1+0.6+0.6

60.560.52.72.74.5%4.5%

68.668.63.33.34.7%4.7%

Asia and Asia and OthersOthers

(3.3)(3.3)+11.8+11.8

(2.4)(2.4)+0.3+0.3

73.073.03.33.34.4%4.4%

70.670.63.63.65.1%5.1%

EuropeEurope

%%ChangeChange

608.4608.447.147.1

(103.4)(103.4)(2.1)(2.1)

122.8122.85.65.6

455.5455.537.637.6

7.7%7.7%

4.6%4.6%

8.3%8.3%

3 3 months endedmonths endedJune 30, 2003June 30, 2003

+0.2+0.2(27.8)(27.8)

+1.0+1.0(10.5)(10.5)

456.5456.527.127.15.9%5.9%

JapanJapan

(5.1)(5.1)(27.1)(27.1)

(6.3)(6.3)(1.5)(1.5)

116.5116.54.14.13.5%3.5%

The AmericasThe Americas

+0.5+0.5(15.2)(15.2)

----

+3.4+3.4(7.2)(7.2)

+3.0+3.0+3.9+3.9

AmountAmount

611.8611.839.939.9

(100.4)(100.4)1.81.8

6.5%6.5%Consolidated Consolidated TotalTotal

EliminationsEliminations

3 3 months endedmonths endedJune 30, 2004June 30, 2004

2525

Capital Expenditure, Depreciation, and R&D ExpensesCapital Expenditure, Depreciation, and R&D Expenses

Reference Data 3Reference Data 3

Billions of yenBillions of yenYear ending Year ending March 2005March 2005

173.3173.36.8%6.8%

124.6124.6172.6172.6

59.459.454.954.958.358.3

160.7160.7

49.149.182.782.728.928.9

180.0180.06.7%6.7%

125.0125.0--

------

160.0160.0

------

((Estimated)Estimated)

30.330.328.628.6DepreciationDepreciation

Imaging SolutionsImaging SolutionsInformation SolutionsInformation SolutionsDocument SolutionsDocument Solutions

42.542.541.041.0Depreciation and AmortizationDepreciation and Amortization

Imaging SolutionsImaging SolutionsInformation SolutionsInformation SolutionsDocument SolutionsDocument Solutions

29.829.824.724.7Capital ExpenditureCapital Expenditure

40.240.26.6%6.6%

41.141.16.8%6.8%

R&D ExpensesR&D ExpensesRatio of R&D Expenses to RevenueRatio of R&D Expenses to Revenue

11QQ

14.414.413.113.113.513.5

8.88.812.012.0

3.93.9

11QQ

15.115.114.014.013.413.4

12.512.512.712.7

4.64.6

Year ended Year ended March 2004March 2004

Note: Figures do not include amounts for rental equipment handleNote: Figures do not include amounts for rental equipment handled by the Document Solutions d by the Document Solutions segment.segment.

((Note)Note)

((Note)Note)

Page 14: 1st Quarter Fiscal 2005 Quarter Fiscal 2005 Earnings Presentation · 2020-05-22 · 1st Quarter Fiscal 2005Quarter Fiscal 2005 Earnings Presentation FUJI PHOTO FILM CO., LTD. July

2626

¥¥ 132132¥¥ 11011011QQYear ending March 2005Year ending March 2005

¥¥ 128128¥¥ 108108

((Estimated)Estimated)

¥¥ 133133¥¥ 10810844QQ

¥¥ 132132¥¥ 113113

33QQ

¥¥ 133133¥¥ 11811822QQ

¥¥ 130130¥¥ 109109

11QQ

¥¥ 133133EuroEuro¥¥ 119119US$US$

Year ended March 2004Year ended March 2004

74,72674,7269,4329,432

June 30, 2004June 30, 2004 June 30, 2003June 30, 2003March 31, 2004March 31, 2004

73,16473,1649,3639,363

73,54873,548ConsolidatedConsolidated9,3999,399NonNon--ConsolidatedConsolidated

Exchange RatesExchange Rates

Reference Data 4Reference Data 4

Number of EmployeesNumber of Employees

FUJI PHOTO FILM CO., LTD.IR OFFICE, CORPORATE COMMUNICATIONS DIV.

http://home.fujifilm.com/