Fujifilm Q2 FY2024 Financial Results: Revenue and Profits Soar also Thanks to Strong Digital Camera Sales

The Fujifilm Q2 Financial Results (July-September 2024) have just been shared.

It’s yet another great report for Fujifilm’s imaging division.

Imaging:

  • Strong sales of instant photo systems and digital cameras boosted revenue by 11.0% year-over-year to JPY126.5 billion and operating income by 29.2% year-over-year to JPY33.7 billion.
  • In the Consumer Imaging business, steady sales of the “instax™” instant photo systems drove revenue higher.
  • In the Professional Imaging business, revenue rose due to the strong sales of the latest models in the GFX and X series of digital cameras, which were released in June 2024, as well as the models released in the previous year.

In the Imaging segment, consolidated revenue amounted to ¥257.2 billion (up 17.4% year-over-year). Consolidated operating income amounted to ¥66.2 billion (up 33.8% year-over-year).

In the consumer imaging business, steady sales of the instax instant photo systems drove revenue higher. In September 2024, we launched the smartphone printer instax mini Link 3, which can print smartphone images on card-sized instax film. We will continue to expand the world of the instax instant photo system that allows people to enjoy on-the-spot photo printing.

In the professional imaging business, strong sales of digital cameras contributed to higher revenue. In June 2024, we launched the latest mirrorless digital camera models, FUJIFILM GFX100S II of the GFX series and FUJIFILM X-T50 of the X series, and two new lenses. We will continue to deliver products that appeal to digital camera users and the film industry with the GFX series, which offers overwhelmingly high image quality in a large format, and the X series, which offers the best balance between image quality and size. In addition, in September 2024 we launched the FUJINON HZK14-100mm, the third lineup in the Duvo lens series and the first wide-zoom lens in the series, which produces cinematic looks with beautiful bokeh and offers broadcast lens operation.

via Fujifilm

Fujifilm Imaging President Discusses Recovery from Supply-Demand Imbalance in 2024

image courtesy: phileweb
image courtesy: phileweb

Koji Matsumoto, the president of Fujifilm Imaging, age an interview in Japanese to phileweb here.

In summary:

  • X100VI, X-T50 and GFX100S II sales are strong
  • The balance between supply and demand has collapsed, but it has recovered this year
  • X100VI and others are still in a difficult situation “but we are gradually loosening back orders”
  • Fujifilm’s CEO notes that smartphone ease-of-use has increased global demand for instant and mirrorless cameras [admin note: I guess he means that more people take pictures now than ever and now many smartphone users aspire to take even better pictures using a proper camera]
  • the fact that demand has increased dramatically globally is the root of the problem of product supply. The supply is not keeping up. Fujifilm apologizes for the inconvenience

How Many Cameras and Lenses Does Fujifilm Release Every Year? And What it Could Mean for 2025

Some asked us how much gear Fujifilm releases every year.

So we decided to check back the last 3 years (2024 included, since there won’t be any more announcements) to see what the current pace at Fujifilm is. Below are the results.

Gear released in 2024 – 4 cameras and 4 lenses

Gear released in 2023 – 2 cameras and 4 lenses

Gear released in 2022 – 3 cameras and 4 lenses

So, overall we see: we get 4 lenses a year for X/GFX system combined.

2024 was more focused on the X series with 3 lenses for the X system and only one lens for the GFX system.

As far as cameras goes, we can get 2 to 4 cameras a year.

What does it mean for 2025?

CAMERAS in 2025:

As of today, the state of the rumors as far as cameras coming in 2025 goes is the following:

If Fujifilm maintains the pace it set in 2024, there could be room for one or maybe even two more camera releases in 2025, considering that the 1″ sensor camera might not be counted in the lineup we discussed earlier, which focused solely on APS-C and medium format models.

LENSES in 2025:

Fujifilm has quite consistently released around four lenses each year, combining both X and GFX series models.

So far I have no rumors about future lenses, which means you have four slots you can fill in with your wishes. :)

If anyone out there can maybe give us a hint on future X and GF lenses, feel free to reach out to FujiRumors. Your help would be greatly appreciated.

Overall, 2025 remains a significant mystery, but I’m hopeful that our trusted sources (and maybe some new ones) will be able to shed light on some of the unknowns and provide insights that will make us even more excited for what’s to come.

Until then, keep shooting, keep enjoying life… and every now and then, keep checking in on FujiRumors ;).

Fujifilm Confident in New Autofocus – Says It’s “Nailed” Ahead of Early November Firmware Release – REPORT

Fellow Fujifilm shooter photorabz was at the Salon de la Photo photography fair in Paris.

There he had the chance to talk to Fujifilm reps about the upcoming firmware updates and this is what he was told (video below):

  • Fujifilm is working on the firmware since May
  • the firmware is for X-H2S, X-H2, GFX100 II, X-S20, X100Vi, X-T5 and maybe also the X-T4
  • Fujifilm told him that this time they nailed it very well
  • Fujifilm is very happy with this new firmware and they are very optimistic
  • the firmware will be announced on October 14, but it will be released, he thinks, in early November

As usual, I believe it only when I see it.

And actually, we might already see the newest AF algorithm in action with the X-M5 on October 14.

The Future of Fujifilm’s Autofocus Could Be Revealed with the X-M5 on October 14

Fujifilm said they are aware of the “comments” of the Fujifilm community regarding the latest autofocus issues and they promised firmware updates to fix that.

The fix will come in November for their flagship Fujifilm X-H2s, X-H2 and GFX100 II cameras, but also other fifth generation cameras such as the X-T5, X-S20 and “more”  will get firmware updates this year, as Fujifilm officially said here.

Sure, it takes time. But to a certain degree I can understand that.

Fujifilm knows they have to get it right this time, so they’re likely testing the firmware more rigorously than ever, which is surely costing a lot of time and money.

But the big question is: how well will the autofocus firmware really work?

Well, maybe we might not have to wait until November to see these autofocus improvements in action.

In fact, we could get our answers as early as October 14 with the launch of the Fujifilm X-M5.

Why?

Well, Fujifilm has been aware of the autofocus issues for months now. They already began addressing them with a firmware update back in June. Since then, they’ve continued working on the improvements, so the firmware must have evolved significantly from the June version.

And I’d not be surprised if the first camera to actually incorporate the enhanced autofocus capabilities won’t be the X-H2s, X-H2 and GFX100II in November, but the Fujifilm X-M5 coming on October 14.

After all, why not equip the brand-new Fujifilm X-M5 with the most up-to-date firmware available, especially since it’s a fresh release that requires a new firmware anyway? And maybe that’s also  why Fujifilm has published a X-M5 teaser poster where they write big “fast autofocus“.

If that turns out to be the case, if the X-M5 is indeed the first camera to feature the new AF algorithm, then by October 14, we’ll already have a glimpse of how well the latest autofocus firmware performs.

I guess that’s one more excellent reason to follow the X Summit on October 14 at 9AM New York time.

RUMOR: Fixed Lens Fujifilm GFX Coming First Half of 2025

We already told you that Fujifilm will launch a fixed lens GFX in 2025.

Well, thanks to our trusted sources today we can be a bit more precise: the fixed lens Fujifilm GFX will come in the first half of 2025.

That’s as far as the announcement goes. But looking at Fujifilm’s track record in terms of shipping, I’d say (sarcastically) that it will ship in 2028 shortly before the Fujifilm TX-3 announcement.

The fixed lens GFX will come with a 28mm equivalent lens.

And no, the image above does not show the fixed lens GFX, but the Fujifilm GF670W.

Fujifilm Says Autofocus Firmware Updates for X-T5, X-S20 and Other Models Coming This Year

When Fujifilm had their X Summit announcement, they promised us autofocus improvements via firmware updates for the Fujifilm X-H2, X-H2s and GFX100 II.

Many, me included, wondered why there was no mention of other 5th generation cameras such as the X-T5 and the X-S20.

Now, I was confident something would come also for those models, which is why I wrote here “I would not be surprised if the Fujifilm X-T5 and other cameras would get a bunch of improvements too“.

Well, it looks like my intuition was right.

Fujifilm has now pinned a comment to their October announcement video that we shared here and said:

Dear Customers,
Thank you for your feedback and comments on our AF system performance.
We’ve been working on X-T5, X-S20 and other models as well, to release the firmware within this year for improved user experience. We will communicate the details as soon as we have more information.
We appreciate your understanding.

So here you have it. Also the Fujifilm X-T5 and X-S20 (and other models) will get AF improvements this year.

What I am not sure is if lower end models will also get F-Log2 C and Timecode Synchronization, but I personally could not care less about those features on my X-T5.

Fujifilm’s November Firmware Update: Autofocus Fixes, New Features, and More Enhancements to Come (+ My Take)

Earlier today Fujifilm has shared a video with their “October announcements“. You can check out all details in this article.

Among the others Fujifilm promised firmware updates to come in November.

First off: they did say that they got lots of feedback from customers especially regarding the autofocus. Based on that feedback, Fujifilm is now working to improve the firmware. But there is more, so let’s check it out:

The Good

  • Firmware update coming in November
  • Cameras mentioned: Fujifilm X-H2, X-H2s and GFX100 II
  • Improved Subject Tracking while video filming
  • Face/Eye detection while video filming
  • F-Log2 C for wide color gamut
  • Timecode Synchronization by Ambient Lockit devices through wired connection

The Questions

  • are other 5th generation cameras (X-T5 & Co) also getting the improved AF while filming?
  • what about AF-C tracking in stills?

The Surprises?

It almost passed unnoticed, but Fujifilm also said that they are considering further enhancements. So it looks like we are not yet done with Kaizen love for 5th generation cameras.

What could it be?

Well, I don’t have that much anymore on my wishlist, but if I could pick one thing, then I’d like to get the fully automatic subject tracking of the Fujifilm X-S20. I also suggested Fujifilm how this could be implemented on other Fujifilm cameras in this article here.

Of course, feel free to share your wish with the Fujifilm community in the comments down below.

My Thoughts

Fujifilm (like many other brands) often tends to conceal significant bug fixes under the vague term “minor bug fixes.” This article dives deeper into the issue, offering real examples of what Fujifilm has masked with this phrase—some of which were rather embarrassing. Read more here.

This time, though, Fujifilm is putting a spotlight on the autofocus improvements. To me, this signals that they’re taking it more seriously than ever, with a firm commitment to finally getting it right.

It’s also evident that while Fujifilm recognizes the issues, they’ve chosen not to rush a fix like they did with the June firmware. Instead, they’re taking extra time—and probably conducting more thorough testing—to ensure this firmware update works as intended.

I guess they’re well aware they can’t afford to get it wrong this time and it looks like Fujifilm has embraced this challenge, as evidenced by the emphasis they placed on the upcoming autofocus improvements in the video released today.

But again: I believe it only when I see it.

And the Fujifilm X-T5 & Co?

We will see what happens in November, but I would not be surprised if the Fujifilm X-T5 and other cameras would get a bunch of improvements too. Maybe not everything the flagship X-H and GFX cameras will get, but it just makes sense that some of the improvements find its way down also to lower end models.

But again, that’s a pure speculation of mine, not a rumor whatsoever.

Overall, after today’s firmware announcement I am definitely more confident. Fujifilm Japan has spoken and finally addressed the issue publicly. But I have learned not to celebrate too early and wait to see what happens in November with the new firmware.

Fujifilm Announces New Firmware Updates (Better AF and More) and X Summit on October 14

Fujifilm has just announced three things:

  • GFX challenge grant program updates
  • Firmware updates coming in November
  • Fujifilm X Summit on October 14 at 1PM GMT in Tokyo at the Clay Studio (Fuji’s design center). The theme of the X Summit will be “design”. From product design to engineering design, Fujifilm will deliver “new information to you” from design perspective. “You won’t be disappointed with the X summit.

As for the firmware updates they say:

We strive to improve our products by making improvements and adding new features through firmware updates guided by feedback we receive from our users.

Recently we have received comments especially about autofocus, to improve performance.

In response, we are developing a new firmware for X-H2, X-H2S and GFX100 II.

This updated enhances subject tracking stability when shooting video.

The improvement by firmware updates are not limited to autofocus. We will add two new functions for video shooting. It’s F-Log 2C, which has a wide color gamut, and timecode synchronization by Ambient Lockit devices through wired connection.

[…] We are currently considering further enhancements.