Latest FUJIFILM Earnings Report Says X-series, Lenses and Fujifilm GFX 50s Sell Strong. Imaging Solution “Substantial Increase in Income”

The full Fujifilm earnings report is finally out. And there are good news for X-series as well as GFX lovers. Here some excerpts.

The business of electronic imaging achieved a sales growth due to positive sales of the X Series of mirrorless digital cameras such as FUJIFILM X-T2 and FUJIFILM X-T20 as well as their interchangeable lenses, and strong sales of the FUJIFILM GFX 50S, a medium-format mirrorless digital camera equipped with a large sized sensor, released in February.”

The sales of the Imaging Solutions segment decreased, due to the negative effect of the appreciation of the Japanese yen in the foreign exchange market However its income grew thanks to the sales expansion of instant photo systems and digital cameras which are high-end models as well as improved profitability in various business categories. On the operation base, the segment enjoyed increased sales and substantial increase in income.”

In another report, they also mention the Fujifilm X100F and X-A3, as well as the MK Cine lenses

“In the electronic imaging field of the optical device and electronic imaging business, overall sales increased due to strong sales in FUJIFILM X-T2 launched in September 2016, FUJIFILM X-A3 and interchangeable lenses.

In addition, FUJIFILM GFX 50S, a medium format mirrorless digital camera, adopting a big sensor (43.8mm by 32.9mm) which was released in February 2017, together with FUJIFILM X100F and FUJIFILM X-T20 as the latest models of X Series which enables the prominent photograph image quality through its unique technology in re-generating original colors, led the sales increase.

In the optical device field, though the sales of camera modules for use in smartphones decreased, the Group is seeking to expand global market share of the cinema lenses with FUJINON MK18-55mm T2.9 , relesased in Februaly 2017, which has gained high reputation from the market for its advanced optical performance, ultra-compact and lightweight design, and excellent cost performance.”

The latest accounting errors do not seem to have a particulary huge negative impact, as we already reported earlier today here.

  • Outline of the Report by the Independent Committee and Future Measures – PDF here
  • FY ended March 31, 2017 Earnings Presentation – PDF here
  • Earnings Presentation – PDF here
  • FY ended March 31, 2017 Earnings Release – PDF here

Fujifilm GFX 50s: USA BHphoto, Adorama, AmazonUS EU: CalumetDE, WexUK, ParkCamerasUK, PCHstore AUS: CameraPro

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Fujifilm X-T20: USA: BHphoto, Adorama, AmazonUS EU: AmazonDE, AmazonUK, WexUK, PCH AUS: CameraPro

Fujifilm X-T2: USABHphoto, AmazonUS, Adorama, Focuscamera, BestBuy CANADA: AmazonCA EUROPE: AmazonDE, Calumentphoto DE, AmazonUK, AmazonITA, AmazonFR, AmazonESP, PCHstore, WexUK AUSTRALIA: CameraPro

Fujifilm X100F: USA: BHphoto, Adorama, AmazonUS EU: AmazonDE, AmazonUK, WexUK, PCH AUS: CameraPro

Notice of Impact of Inappropriate Accounting & Notice of Revised Consolidated Earnings Forecast for the FY Ended March 2017

Fujifilm disclosed a summary of the results of their investigations regarding the accounting irregolarities.

“[…] in addition to Fuji Xerox New Zealand Limited (“FXNZ”), an overseas sales subsidiary of Fuji Xerox Co., Ltd. which is a consolidated subsidiary of FUJIFILM Holdings , Fuji Xerox Australia Pty. Limited, an Australian sales subsidiary of Fuji Xerox, also conducted inappropriate accounting similar to that conducted by FXNZ. As a result, the accumulated impact of the inappropriat e accounting regarding our consolidated subsidiaries on the “net income” on a consolidated basis of the Comp any for the past few years has become a loss of 37.5 billion yen from a loss of approximately 22 billion yen […]. Further, the accumulated impact on the “net income attributable to FUJIFILM Holdings” is a loss of 28.1 billion yen

Read the full “Notice of Impact of Inappropriate Accounting regarding our Consolidated SubsidiariesPDF here

They also published the “Notice of Revised Consolidated Earnings Forecast for the Fiscal Year Ended March 2017” – PDF here

Although sales in areas such as electronic imaging field of the optical device and electronic imaging business have increased, our sales and operating income has decreased due to a decrease in sales in the healthcare business and the document business.

At the same time, as a result of the review of the cross-shareholding, a gain on sales of investment securities has been recorded in non-operating income and expenses so there have been increases in income before income taxes, net income attributable to FUJIFILM Holdings, and net income attributable to FUJIFILM Holdings per share, which has resulted in a record high in the net income attributable to FUJIFILM Holdings.

Further, the impact on the amount in the consolidated earnings for the fiscal year ended March 2017 relating to the accounting problem at overseas sales subsidiaries of Fuji Xerox Co., Ltd. […] is minor.”

My Journey from FF Canon, to Fujifilm, to FF Sony and back to Fuji :: How I Made A Cheap Macro Lens for my Fuji :: Fujifilm Love/Hate (miXed zone)

Rico’s Workshops

  • Rico’s Ultimate (English) Fujifilm Workshop in New Zealand. Check it out here
  • GERMAN Fuji WORKSHOP: Fuji X Secrets Camera in Heidelberg – die X-Pro2, X-T2, X-T20, X100F & GFX 50S beherrschen at fuji-x-secrets
  • GERMAN Fuji WORKSHOP: Fuji X Secrets Compact in Forchheim – Inside X-Pro2, X-T2, X-T20 & X100F at fuji-x-secrets

Cover Stories

  • My journey from full frame Canon, to Fuji, to full frame Sony and back to Fuji again at everydaygetaway
  • How I Accidentally Made Cheap Macro Lenses For My Fujifilm X Camera [Jupiter 8M, Jupiter 12, Helios-103] at roeschphotography
  • Fujifilm Love Hate ! at matthewhartphotography

Fujifilm X-T2 & More
USA: BHphoto / AmazonUS / Adorama

Fujinon Lenses (and third party / adapted)

A Bit of Everything


Notice of RAW FILE CONVERTER EX 2.0 powered by SILKYPIX (Ver. Installer Software Update


RAW FILE CONVERTER EX 2.0 powered by SILKYPIX (Ver. Installer Software Update was disclosed in Fujifilm’s website on 5:00 am June 8th 2017(GMT). However, it has been found that the old version of the installer software was still disclosed from 5:00 am through 9:00 am at the day.

We apologize for your inconvenience which this may cause. If you download the software during the time frame, download the updated software from the website below and install it.

  • * To confirm the version of the software, boot the RAW FILE CONVERTER and click the Help tab to see the version information. If the version is not “”, download and install it again.

Fujifilm Accounting Irregularities Found also in Australia and Japan (say Media). Fujifilm Shares Fall more than 4% on 1 Day

Back in April, we shared the news here on FujiRumors, that Fujifilm found some accounting irregularities at Fuji Xerox New Zealand. They immediatly launched an investigation and said that the yearly earnings reports will be published later than usual.

Today the international news agency Reuters said here that, according to media reports, accounting irregularities where found also in Australia and Japan.

After these media reports, just today (June 9, 2017) Fujifilm shares fall more than 4%.

There is still no official statement of Fujifilm. All Fujifilm told us today, is that they completed the investigations and on their website here they promised to release the earnings reports on June 12, along with the full text of the investigation report (first in Japanese, and an English summary at a later date)

Here is the full press text of Reuters:

Fujifilm Holding’s Corp’s shares fell more than 4 percent on Friday after a media report said accounting irregularities had spread to its Australian unit and to Japan.

By 0230 GMT, Fujifilm shares were trading 3.6 percent lower at a 7-month low of 3,983 yen.

Accounting problems have been found at Fuji Xerox Australia and in Japan, the business daily Nikkei said citing a source.

Losses could reach 30 billion yen to 50 billion yen ($272 million to $453 million), Nikkei added.

The report was not based on an announcement by the company, Fujifilm said in statement issued through the Tokyo Stock Exchange.

Fujifilm had previously postponed its earnings announcement for the year ended March due to an accounting probe into questionable practice at Fuji Xerox New Zealand Ltd.

The panel, made up of outside accountants and lawyers, will report its findings to the company on Saturday, Fujifilm said.

The company said it plans to announce the findings along with the delayed earnings release on June 12.