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InvestmentsJapan's Fujifilm jumps in Tokyo trading after company releases results early By...

Japan’s Fujifilm jumps in Tokyo trading after company releases results early By Reuters


¬© Reuters. FILE PHOTO: Fujifilm’s company brand (high) is seen at its exhibition corridor close by the headquarters of Fujifilm Holdings Corp in Tokyo, Japan June 12, 2017. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Shares in Fujifilm Holdings Corp surged in early Tokyo trading on Thursday after the digicam and drug maker launched half-year earnings forward of schedule, revealing a soar in gross sales and revenue.

Fujifilm shares surged as a lot as 4.8% versus a 1% advance on the benchmark index.

The company, which was scheduled to launch the results after market shut at 3 p.m. (0600 GMT) in Tokyo, stated it had inadvertently despatched them to some abroad institutional buyers early. That prompted Fujifilm to publish the results in Japan at 9:05 am.

The company is investigating the matter, a spokesperson stated.

For the half-year, Fujifilm’s gross sales rose 21% to 1.21 trillion yen ($10.60 billion), whereas working revenue jumped 91% to 107.9 billion yen. The company raised full-year forecasts for each.

Traditionally recognized for images and workplace tools, Fujifilm is present process a three-year, $11 billion funding plan to cement healthcare as its greatest centre of income and revenue.

($1 = 114.1600 yen)

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