Fujifilm Posts Decline In H1 Profit, Cuts Full-Year Forecast

Fujifilm Holdings

reported a drop in its net profit for the fiscal first half and cut its full-year forecast. Fujifilm's net profit for the period dropped to Y10.5 billion, versus Y14.9 billion, in the year-ago period. Its operating profit declined 28% to Y42.3 billion from Y59.0 billion, while revenue fell 1.9% to Y1.06 trillion from Y1.08 trillion. For the fiscal year, Fujifilm now projects a net profit of Y45 billion, versus its earlier view of Y65 billion. Fujifilm shares closed at $16.50 on Friday.