TOKYO -- Fujifilm Holdings' operating profit for the April-June quarter likely grew 20% on the year to nearly 30 billion yen ($292 million), thanks largely to a focus on high-end cameras.
The digital camera business apparently ran an operating loss of around 1 billion yen to 2 billion yen in the year-earlier quarter as the spread of smartphones led to fierce competition. This year, the Japanese company slashed sales of cheap, low-margin compact cameras while ramping up sales of high-end products such as the mirrorless single-lens X-T1. The business likely nearly broke even for the quarter.
