Strong sales of the X-E2 and X100S cameras has helped Fujifilm reduce its imaging division losses by more than 60%.

Fuji’s Imaging Solutions business cut its losses to 1.5 billion yen (£8.8m) for the last three months of 2013, from 3.9 billion for the same period a year earlier.

In a statement, issued shortly after Fuji announced its X-T1, the firm said: ‘Fujifilm is working to expand and strengthen the product line-up in the X Series of premium cameras that leverage Fujifilm’s exclusive technologies; and XF lens series interchangeable-lens systems, whose market is expected to be growing.’

However, overall imaging revenue fell on the back of falling demand for compact cameras.

Fuji reported a ‘substantial’ increase in sales of instant cameras, such as the Instax Mini 90, and lens modules for smartphones.