The company said it was considering steps to accelerate structural reform of its imaging solutions business, which handles photo film and colour paper, and restructuring charges for those moves could dent profits in the second half.
"Given the tough environment surrounding our imaging solutions business, we are considering further steps that would involve manufacturing, sales, distribution and development laboratory operations on a global scale," Chief Financial Officer Toshio Takahashi told a news conference.
Sliding demand for film and photographic paper has taken an even larger toll on rival Eastman Kodak, which posted a $1 billion loss for the quarter on hefty restructuring charges and a 20 percent drop in sales of film and other legacy products.
Fuji Photo's earnings have been supported by solid demand for copiers and laser printers made by office equipment unit Fuji Xerox and strong sales of triacetyl cellulose film, a material used in hot-selling flat panel displays.
Fuji Photo, the world's second-largest camera film maker after Eastman Kodak, posted a group operating profit of 28.8 billion yen ($248.9 million) for the July-September second quarter, down from 61.4 billion a year earlier.
The result was below the average forecast of 38.1 billion yen given by four analysts polled by Reuters Estimates and Fuji Photo's own forecast for a profit of 32.8 billion. Sales, however, rose 5.8 percent to 678.4 billion yen.
Credit Suisse First Boston analyst Kunihiko Kanno took a postive view of the earnings announcement, noting the company booked 13 billion yen in restructuring charges in the first half, 9 billion yen more than originally planned.