• Fujifilm Holdings average return on tangible equity for 2023 was 13.03, a 1.88% decline from 2022.
• Fujifilm Holdings average return on tangible equity for 2022 was 13.28, a 13.93% decline from 2021.
• Fujifilm Holdings average return on tangible equity for 2021 was 15.43, a 47.09% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.