First Read: FUJIFILM Holdings "Small meeting with president held for..."

研报英文原文证据摘录

First Read: FUJIFILM Holdings "Small meeting with president held for..."

Global Research

18 June 2026ab

First Read

EquitiesFUJIFILM Holdings

Small meeting with president held for sell-side Japan

analysts Medical Supplies

12-month rating Neutral

12m price target ¥3,210

There are likely possibilities for selection and concentration

There were no catalysts for the share price, but a positive point was that management

made it clear it is considering various measures aimed at achieving the target for an Price (18 Jun 2026) ¥3,424

OP margin of 15% or higher in FY3/31 set out in its VISION 2030 plan. While the RIC: 4901.T BBG: 4901 JP

potential for divestment of the office equipment business, as the equity market appears

Trading data and key metrics

to be expecting, looks to be low, we consider it possible the company will implement

some sort of selection and concentration measures aimed at achieving its FY3/31 long- 52-wk range ¥3,770-2,876

term vision. Market cap. ¥4,127b/US$25.7b

Shares o/s 1,205m (ORD)

Focusing on profitability improvement measures in new medium-term plan Free float 65%

For the new medium-term plan scheduled to be released in the spring of 2027, the Avg. daily volume ('000) 5,482

company mentioned that it is considering portfolio revisions aimed at achieving the Avg. daily value (m) ¥17,438.5

long-term target for a FY3/31 OP margin of 15% or higher. While the extent of the Common s/h equity (03/27E) ¥4042b

revisions remains somewhat unclear, we think the new medium-term plan could include P/BV (03/27E) 1.0x

a review of unprofitable businesses. Net debt to EBITDA (03/27E) 1.5x

EPS (reported, basic) (¥)

No specific comments about JSR acquisition

UBS Cons.

There were no specific comments regarding an acquisition of JSR, about which there 03/27E 244.0 237.2