Millions of yen
FY2016/3 FY2017/3 FY2018/3 FY2019/3 FY2020/3
Revenue 2,460,383 2,322,163 2,433,365 2,431,489 2,315,141
Cost of sales 1,491,758 1,391,519 1,464,269 1,433,973 1,360,648
Gross profit 968,625 930,644 969,096 997,516 954,493

Operating expenses:
 Selling, general and administrative 624,972 598,131 677,827 631,557 610,043
 Research and development 163,027 160,232 167,940 156,132 157,880
787,999 758,363 845,767 787,689 767,923
Operating income (loss) 180,626 172,281 123,329 209,827 186,570

Other income (expenses):
 Interest and dividend income 6,206 5,404 6,262 4,787 5,183
 Interest expense (4,376) (4,795) (4,570) (3,314) (2,316)
 Foreign exchange gains (losses), net (8,898) (1,280) (6,936) (2,919) (2,133)
 Gains (losses) on equity securities, net 10,503 22,510 50,999 (244) (22,084)
 Other, net (1,819) 655 28,723 4,625 7,851
1,616 22,494 74,478 2,935 (13,499)
Income (loss) before income taxes 182,242 194,775 197,807 212,762 173,071

Income taxes:
 Current 40,226 47,056 65,565 43,697 42,822
 Deffered 8,219 (2,934) (11,130) 12,359 (6,708)
48,445 44,122 54,435 56,056 36,114
Equity in net earnings (losses) of affiliated companies (302) (3,463) 872 418 1,341
Net income (loss) 133,495 147,190 144,244 157,124 138,298

Less: Net (income) loss attributable to the noncontrolling interests (17,093) (15,684) (3,550) (19,018) (13,311)
Net income (loss) attributable to FUJIFILM Holdings 116,402 131,506 140,694 138,106 124,987

*The changes in the classification of the presentation of net periodic pension cost and net periodic postretirement benefit cost are applied retroactively in FY2018/3, according to the update of U.S. accounting standards.

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