FUJIFILM Holdings Corp · TSE:4901
FUJIFILM — Q2 FY2026 Earnings Presentation
35 slides from FUJIFILM's earnings presentation, Nov 9, 2026
Slide 1: Earnings Presentation: Financial Results for Q2 FY2026
Earnings Presentation Financial Results for Q2 FY2026 November 9, 2026 FUJIFILM Holdings Corporation Forward-looking statements, such as those relating to earnings forecasts and other projections contained in this material, are m anage ment’s current assumptions and beliefs based on currently availa
Slide 2: Agenda
Agenda Consolidated Financial Results for Q2 FY2026 (July to September 2026) 1 Earnings Highlights and Key Topics 2 Financial Results and Business Summary by Operating Segment FY2026 (Fiscal Year Ending March 2027) 3 Financial Forecast for FY2026 FUJIFILM Holdings Corporation 2
Slide 3: Q2 FY2026 Earnings Highlights and Key Topics
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 Earnings Highlights and Key Topics 01 FUJIFILM Holdings Corporation 3
Slide 4: Consolidated Performance for Q2 FY2026
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Earnings Highlights for Q2 FY2026 Consolidated Performance for Q2 FY2026 (Exchange rates: ¥159/US$ | +¥11 YoY; ¥183/Euro | +¥11 YoY) Revenue Operating income Net income attributable to FUJIFILM Holdings Record high Record high Record high ¥885
Slide 5: Key Topics for Q2 FY2026
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Key Topics for Q2 FY2026 Initiatives for the Next Medium-Term Management Plan Pursue strategic investments in growth areas and optimize the business portfolio to strengthen the business foundation for sustainable growth Main initiatives in Q2
Slide 6: Key Topics for Q2 FY2026: Electronics
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Key Topics for Q2 FY2026 Electronics Proceed with investments in semiconductor materials and magnetic tapes for data storage to strengthen production and supply capabilities in anticipation of growing AI-related demand Semiconductor materials
Slide 7: Financial Results and Business Summary by Operating Segment
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 Financial Results and Business Summary by Operating Segment 02 FUJIFILM Holdings Corporation 7
Slide 8: Financial Results for Q2 FY2026
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Financial Results for Q2 FY2026 Q2 results reached record highs, with year-on-year increases in revenue and operating income (Billions of yen) Q2 H1 FY2025 FY2026 Change FY2025 FY2026 Change Operation* Operation* Revenue 822.9 Record high 885.
Slide 9: Consolidated Revenue and Operating Income by Operating Segment
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 Consolidated Revenue and Operating Income by Operating Segment (Billions of yen) Q2 H1 Revenue FY2025 FY2026 Change FY2025 FY2026 Change Constant-currency basis Constant-currency basis Healthcare 270.7 297.3 26.6 +9.8% 11.4 +4.2% 499
Slide 10: Business Summary: Healthcare
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 (July to September 2026) Business Summary: Healthcare Revenue and income *1 Excludes the impacts of foreign exchange, one-time costs, raw material prices and rising semiconductor memory prices. （Billions of yen） Factors affecting rev
Slide 11: Business Summary: Electronics
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 (July to September 2026) Business Summary: Electronics Revenue and income （Billions of yen） Factors affecting revenue FY2025 FY2026 Change ◼ Semiconductor Materials Operation* + Sales increased across all product lines, by capturing
Slide 12: Business Summary: Business Innovation
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 (July to September 2026) Business Summary: Business Innovation Revenue and income （Billions of yen） Factors affecting revenue FY2025 FY2026 Change Operation* ◼ Business Solutions (BS) + Revenue increased, driven by growth in overseas
Slide 13: Business Summary: Imaging
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 (July to September 2026) Business Summary: Imaging Revenue and income （Billions of yen） Factors affecting revenue FY2025 FY2026 Change ◼ Consumer Imaging Operation*¹ + Strong sales of mid- to high-priced instax photo systems such as
Slide 14: Consolidated Cash Flow
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 (April to September 2026) Consolidated Cash Flow Cash in Cash out (Billions of yen) FY2024 FY2025 FY2026 Adjusted free cash flow excluding business acquisitions H1 H1 H1 Net income 110.8 120.5 105.5 (Billions of yen) Depreciation & a
Slide 15: Financial Forecast for FY2026
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Financial Forecast for FY2026 03 FUJIFILM Holdings Corporation 15
Slide 16: Full-year Forecast for FY2026
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Full-year Forecast for FY2026 (Billions of yen) FY2026 FY2026 FY2025 Change from Change from Previous forecast Revised forecast Actual FY2025 previous forecast (as of Aug. 6, 2026) (as of Nov. 9, 2026) Revenue 3,357.0 3,560.0 Record high 3,590
Slide 17: Financial Forecast by Operating Segment
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Financial Forecast by Operating Segment Reflects progress in business execution and market conditions in each segment, including strong AI-related demand in the Electronics (Billions of yen) FY2026 FY2026 FY2025 Change from Revenue Actual Prev
Slide 18: Initiatives to Strengthen the Bio CDMO Business
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Initiatives to Strengthen the Bio CDMO Business • U.S. small- to medium-scale facilities resumed operations at the end of September • While progress has been made in stabilizing manufacturing operations at U.S. large-scale facilities and expan
Slide 19: Financial Impact of Rising Prices for Semiconductor Memory and IT-related Components
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Financial Impact of Rising Prices for Semiconductor Memory and IT-related Components The impact of rising prices for semiconductor memory and IT-related components, including PCs and servers, remains unchanged from the previous forecast Full-Y
Slide 20: Appendices: Financial Results for Q2 FY2026
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Appendices: Financial Results for Q2 FY2026 04 FUJIFILM Holdings Corporation 20
Slide 21: Q2 | H1 Earnings
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 | H1 Earnings (Billions of yen) Q2 H1 Revenue FY2025 FY2026 Change Constant-currency basis FY2025 FY2026 Change Constant-currency basis Healthcare 270.7 297.3 26.6 +9.8% 11.4 +4.2% 499.2 554.1 54.9 +11.0% 22.2 +4.4% Medical Systems 170.3 18
Slide 22: Quarterly Earnings
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Quarterly Earnings (Billions of yen) FY2025 FY2026 Revenue Q1 Q2 Q3 Q4 Q1 Q2 Healthcare 228.5 270.7 266.1 333.6 256.8 297.3 Medical Systems 144.0 170.3 170.2 217.1 162.4 187.9 * Bio CDMO 54.2 66.8 61.6 74.6 57.7 73.1 * LS Solutions 30.3 33.7 3
Slide 23: Consolidated Revenue by Geographical Area
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Consolidated Revenue by Geographical Area (Billions of yen) FY2025 H1 FY2026 H1 Change Ratio (%) Ratio (%) Japan 35.0% 550.0 31.2% 533.4 (16.6) (3.0%) The Americas 19.8% 310.6 21.0% 358.9 48.3 +15.6% Europe 17.4% 273.7 18.5% 317.2 43.5 +15.9%
Slide 24: Operating Income Analysis (Q2 YoY)
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Operating Income Analysis (Q2 YoY) (Billions of yen) Q2 Semiconductor （b-a) (a) (b) FY2025 FY2026 Operation Raw Material Change FX memory One-time FY2025 FY2026 Business Detail Actual Actual and others prices prices Q2 Q2 costs Healthcare 19.4
Slide 25: Full-year Forecast for FY2026 Revenue by Business
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Full-year Forecast for FY2026 Revenue by Business (Billions of yen) FY2025 FY2026 FY2026 Change from previous year Change from previous forecast Actual Previous forecast Revised forecast With Without With Without Difference Difference (Aug.6,
Slide 26: Bio CDMO Business Performance
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Bio CDMO Business Performance Large-scale Small-to medium- facilities scale facilities FY2026 Q2 Actual Full Year Forecast Revenue (Billions of yen) Revenue (Billions of yen) +9% +5% 73.1 Small- to medium-scale 66.8 (-) Voluntary shutdowns in
Slide 27: Operating Income Analysis (FY2026 Forecast vs. Previous Forecast)
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Operating Income Analysis (FY2026 Forecast vs. Previous Forecast) (Billions of yen) Previous Revised Semiconductor (a) (b) forecast forecast Raw Material （b-a) Change Operation FX memory Previous Revised Business Detail (Aug.6, 2026) (Nov.9, 2
Slide 28: Consolidated Balance Sheets
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Q2 FY2026 Consolidated Balance Sheets (Billions of yen) Change from Change from Mar. 2025 Mar. 2026 Sep. 2026 Mar. 2025 Mar. 2026 Sep. 2026 Mar. 2026 Mar. 2026 Cash and cash equivalents 172.1 170.6 145.9 (24.7) Short-term and long-term debt 68
Slide 29: Capital Expenditure and Depreciation & Amortization
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Capital Expenditure and Depreciation & Amortization (Billions of yen) Capital Expenditure and Depreciation & Amortization (Billions of yen) Q2 H1 Full Year 600.0 FY2026 FY2025 FY2026 FY2025 FY2026 FY2025 Forecast 532.1 506.9 Healthcare 116.1 6
Slide 30: R&D Expenses and SG&A Expenses
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices R&D Expenses and SG&A Expenses (Billions of yen) R&D Expenses and SG&A Expenses Ratio to revenue 900.0 861.5 40.0% 806.5 (Billions of yen) Q2 H1 Full Year 30.0% FY2026 FY2025 FY2026 FY2025 FY2026 FY2025 600.0 Forecast 25.7% 25.2% Healthcare 11
Slide 31: Market Trend and Number of Employees
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices Market Trend and Number of Employees ▐ Exchange rates (average) / Raw material prices (average) FY2025 FY2026 Unit Q1 Q2 Q3 Q4 Full Year Q1 Q2 H2 Full Year US＄ ¥/＄ 145 148 154 157 151 159 159 155 157 € ¥/€ 164 172 179 184 175 185 183 175 180 1
Slide 32: References
Earnings Highlights Q2 FY2026 FY2026 Forecast Appendices References ▍ FUJIFILM Holdings - Investor Relations https://ir.fujifilm.com/en/investors.html ▍ FUJIFILM Holdings Integrated Report https://ir.fujifilm.com/en/investors/ir-materials/integrated-report.html ▍ IR Materials https://ir.fujifilm.com
Slide 33: Publication of the Integrated Report 2026
Publication of the Integrated Report 2026 Introducing the Fujifilm Group’s value creation story, which is rooted in putting the Group Purpose, “Giving our world more smiles,” into practice and shows how the Group brings together diverse wisdom to create innovation, achieve sustainable growth and enh
Slide 34: FUJIFILM Holdings Corporation
FUJIFILM Holdings Corporation
Slide 35: FUJIFILM
FUJ ‘FILM Value from Inn