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Japan’s Fujifilm jumps in Tokyo trading after company releases results early -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Fujifilm Holdings Corp’s headquarters in Tokyo is visible as the company logo. This was taken at Fujifilm Holdings Corp’s exhibition hall on June 12, 2017. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters – Fujifilm Holdings Corp’s shares rose in Tokyo early trading Thursday following the release of half-year earnings. The camera-and-drug maker revealed a surge in sales and profits.

Fujifilm shares soared by as much as 4.8% against a mere 1% gain on the benchmark.

Fujifilm, scheduled to publish the results in Tokyo at 3:00 p.m. (0600 GMT in Tokyo), said that it accidentally sent the results to institutional investors overseas. Fujifilm decided to release the Japan results at 9:05 a.m.

A spokesperson for the company said that they are investigating.

Fujifilm sales increased 21% to 1.21 Trillion yen ($10.60billion), while its operating profit rose 91% to 107.3 billion yen. Full-year estimates were made for both.

Fujifilm, a company that is best known for its photography and office equipment has embarked on a $11 billion three-year investment plan in healthcare.

($1 = 114.1600 yen)

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