The Amateur Photographer reports that Fujifilm’s imaging business was able to cut its losses in the last three months of 2013 by more than 60%, thanks to great sales of its X-series cameras such as the X-Pro 1, X-E2 and X100S. In the same period in 2012, Fujifilm’s imaging business generated losses of JPY 3.9bn (US-$ 38.3m,) which the company managed to reduce to JPY 1.5bn (US-$ 14.7m) in 2013.
The internal report (PDF file) stating these figures had already been published in late January, but has only now received attention by the media. According to the report, besides cutting losses in the imaging division, Fujifilm was also able to raise its overall operating income by more than 50%, from JPY 65.4bn (US-$ 642m) to JPY 99.6bn (US-$ 978m.)
Besides the X-series cameras, the report also names instant cameras as responsible for the raise in revenue, as well as optical devices such as camera modules for smartphones and projector lenses. While Fujifilm’s imaging business is still not making any profits, it is at least on a good way, and the decision to focus on higher-end products seems to be paying off.