• SHARE

Fuji Photo Film Co. said Tuesday its group sales in fiscal 2001 grew 73.6 percent from the year before to 2.4 trillion yen because Fuji Xerox Co. was included as a direct subsidiary.

The nation’s top photo film maker acquired an additional 25 percent stake in Fuji Xerox, a maker of photocopy machines and printers, at the end of March 2001, boosting its stake to 75 percent.

Fuji Photo plans to pay a full-year dividend of 25 yen for the fiscal year to March 31 against the previous year’s 22.50 yen.

Consolidated pretax profit dropped 20.1 percent to 159.55 billion yen and net profit fell 31 percent to 81.33 billion yen. The declines came after a one-time profit of more than 56 billion yen in the pretax account and 32 billion yen in the net account in fiscal 2000 that stemmed from establishing an employee retirement trust, Fuji Photo said.

Group sales in Japan rose 106.6 percent on the Fuji Xerox factor, and overseas sales grew 43.8 percent, the company said, adding that a weak yen against the U.S. dollar brought about 8.13 billion yen in exchange gains.

For the current fiscal year to March 31, Fuji Photo projects a consolidated net profit of 88 billion yen and pretax profit of 174 billion yen on sales of 2.64 trillion yen.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW