Fujifilm Financial Results for Q2 FY2022: Instax Beats Nikon and Brisk Digital Camera Sales Push Imaging Division YOY Revenue (+23.7%)
Fujifilm has published the results for the second quarter of the 2022 fiscal year (July 1 to September 30, 2022).
The main digital camera launched in these months was the Fujifilm X-H2s, which Fujifilm says sold “strong”. The results for the high resolution Fujifilm X-H2 will be visible only in Q3 of FY2022, since it started shipping only in late September/early October.
Instax
Instax keeps rocking.
Instax alone made more revenue (¥119.1 billion) than Nikon’s Imaging Products Business (¥114.5 billion).
A special mention goes to the INSTAX mini Link 2 and the INSTAX SQUARE Link.
Digital Cameras
Good results also for Fuji’s professional imaging division with a revenue of ¥64.3 billion (+18.6% YoY).
Forecasts
Given the good numbers, Fujifilm changed their previous FY2022 forecasts (announced in August) for the imaging segment (numbers in billions of yen)
- Revenue Forecast: from 360.0 to 390.0 (revenue for FY2021 was 333.4)
- Operating Income Forecast: from 42.0 to 52.0 (operating income for FY2021 was 37.0)
And the best has yet to come for Fujifilm, with the sales of the Fujifilm X-T5, which will push the revenue of Q3 and Q4.
R&D
R&D expenses for the first half of the fiscal year were 4.8 billions of yen (was 4.1 in first half of FY2021). So a good sign also here, as Fujifilm seems to be gradually increasing the R&D resources for the imaging solution.