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Fujifilm Corp., Tokyo, Japan, reported earnings for the first quarter ended June 30. Revenue for the quarter was ¥653.667 billion (US$5.91 billion), a 5 percent decrease from the ¥688.293 billion reported in the first quarter ended June 30, 2007. Net income for the period was ¥31.924 billion (US$288 million), down 22.1 percent from the ¥40.968 billion reported in 2007.
  The Imaging Solutions segment reported revenue of ¥112.1 billion, a decrease from the ¥144.2 billion reported in 2007. Operating income for the segment was also down, with ¥400 million reported for the 2008 period, a 95.9 percent decrease from the ¥10.2 billion in 2007. Fujifilm cited factors such as declining demand for color films and digital minilabs, as well as intensifying competition in the digital camera markets. Fujifilm attributed the drastic drop in operating income to high prices of silver and other raw materials, the impact of yen appreciation, and downtrend in digital camera prices.