The company says that the sharp appreciation of the yen was one of the main reasons for this decline. Another major factor was the continued decrease in sales of such imaging solutions offerings as colour films and digital cameras.

Moreover, since the worldwide recession began in September, the company claims to have seen large decreases in revenues of the information solutions segment and the document solutions segment.

A company statement says, “We have even seen a decline in sales of the information solutions segment’s FPD materials, which had been growing smoothly during the first half of the fiscal year.”

The portion of the ¥233.2bn decrease in revenue attributable to exchange rate changes was approximately ¥109.2bn, according to Fujifilm.

Consolidated operating income totaled ¥82.5bn, down 53.6 per cent from the same period in the previous fiscal year.

The company concludes that looking at the ¥95.5bn decrease in operating income, such factors as drops in sales volume and selling prices caused approximately ¥62bn of that decrease and approximately ¥21bn of the decrease was due to yen appreciation and approximately ¥12.5bn of the decrease was due to surging prices of silver and other main raw materials.

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