1st quarter fiscal 2005 quarter fiscal 2005 earnings ... · 1st quarter fiscal 2005quarter fiscal...
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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
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
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%
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.
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%
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.
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.
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%
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%.
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
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)
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
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)
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/