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FUJIFILM Holdings Corporation
FUJI.OISIN: US35958N1072SEDOL: 2354501 |
Rating: HOLD |
Target Price: 34.32 USD |
Investment Horizon: 6 to 12 months |
Company News Alert
FUJIFILM Holdings Corporation's (Fujifilm) common stock price has appreciated significantly since our previous update report, dated 02 April 2009. However, as Fujifilm derives a significant portion of its revenues (approximately 59% of FY 2009 revenues) from Japan, a visible recovery in the domestic economy would boost the company's financial performance. Fujifilm's…
4Q 09 & FY 2009 News Alert
FUJIFILM Holdings Corporation (Fujifilm) announced 4Q 09 and FY 2009 revenues in line with our estimates, as the prevailing downturn in global economic conditions and weak consumer spending impacted the company’s performance during the quarter. Moreover in light of such a weak operating environment, we expect to revise our estimates downwards in our next update report. Consequently, we maintain our SELL rating for the common stock. We will reassess our target price and rating…
3Q 09 Update Report
We maintain our weak outlook for Fujifilm’s overall performance, primarily due to the company’s significant dependence on the Japanese economy (46.7% of 3Q 09 revenues), which is currently experiencing severe recession. Japanese exports declined 36.9% y-o-y in December 2008. In addition, the country is also experiencing low capital spending levels, for example, capital spending declined 17.3% y-o-y in the last quarter of 2008…
3Q 09 News Alert
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FUJIFILM Holdings Corporation (Fujifilm) announced poor 3Q 09 results, as fallout from global economic conditions and slowing consumer spending impacted the company’s performance during the quarter. As results fell below our expectations and as our global economic outlook is weak, we expect to revise our estimates downwards in our next update report....
Company News Alert
CLICK VIEW REPORT TO READ FREE REPORT
FUJIFILM Holdings Corporation’s (Fujifilm) common stock price achieved our target price on 18 December 2008. We believe this reflects weak 2Q 09 results announced on 30 October 2008, weak business sentiments and broad weakness in global financial markets. Moreover, our outlook for the company remains weak in light of overall low capital spending levels in Japan, associated with the ongoing global economic slowdown, negatively impacting the…
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