Millions of yen
FY2015/3 FY2016/3 FY2017/3 FY2018/3 FY2019/3
Revenue 2,463,387 2,460,383 2,322,163 2,433,365 2,431,489
Cost of sales 1,511,744 1,491,758 1,391,519 1,464,269 1,433,973
Gross profit 951,643 968,625 930,644 969,096 997,516

Operating expenses:
 Selling, general and administrative 626,947 624,972 598,131 677,827 631,557
 Research and development 160,281 163,027 160,232 167,940 156,132
787,228 787,999 758,363 845,767 787,689
Operating income (loss) 164,415 180,626 172,281 123,329 209,827

Other income (expenses):
 Interest and dividend income 5,858 6,206 5,404 6,262 4,787
 Interest expense (4,569) (4,376) (4,795) (4,570) (3,314)
 Foreign exchange gains (losses), net 2,998 (8,898) (1,280) (6,936) (2,919)
 Gains (losses) on equity securities, net (938) 10,503 22,510 50,999 (244)
 Other, net 21,202 (1,819) 655 28,723 4,625
24,551 1,616 22,494 74,478 2,935
Income (loss) before income taxes 188,966 182,242 194,775 197,807 212,762

Income taxes:
 Current 40,452 40,226 47,056 65,565 43,697
 Deffered 20,458 8,219 (2,934) (11,130) 12,359
60,910 48,445 44,122 54,435 56,056
Equity in net earnings (losses) of affiliated companies (1,432) (302) (3,463) 872 418
Net income (loss) 126,624 133,495 147,190 144,244 157,124

Less: Net (income) loss attributable to the noncontrolling interests (15,684) (17,093) (15,684) (3,550) (19,018)
Net income (loss) attributable to FUJIFILM Holdings 110,940 116,402 131,506 140,694 138,106

*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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