Slide 1: 1Q FY2021 Consolidated Financial Results
1Q FY2021 Consolidated Financial Results July 29, 2021 Fujitsu Limited 1 Copyright 2021 FUJITSU LIMITED
Slide 2: Contents
Contents １．Financial Results for 1Q FY2021 ２．Earnings Forecast for FY2021 2 Copyright 2021 FUJITSU LIMITED
Slide 3: 1. Financial Results for 1Q FY2021
1. Financial Results for 1Q FY2021 3 Copyright 2021 FUJITSU LIMITED
Slide 4: Changes to Business Segments
1.Financial Results for 1Q FY2021 Changes to Business Segments Contents of the changes to Business Segments ・Change in the sales channels because of the establishment of Fujitsu Japan Limited (revised FY2020 financial results) A portion of revenue from System Platforms and Ubiquitous Solutions for w
Slide 5: Summary of 1Q FY2021
1.Financial Results for 1Q FY2021 Summary of 1Q FY2021 Revenue was 801.9 billion yen, roughly the same as the previous year • Revenue increased in Technology Solutions and Device Solutions, but declined in Ubiquitous Solutions Operating profit was 33.7 billion yen, an increase of 11.4 billion yen (u
Slide 6: Consolidated PL [1Q]
1.Financial Results for 1Q FY2021 Consolidated PL[1Q] (Billions of yen) 1Q FY2020 1Q FY2021 Change （Actual） （Actual） (%) Revenue 802.7 801.9 -0.8 -0.1 Excl. restructuring 786.2 798.5 12.3 1.6 Impact of restructuring * 16.5 3.4 -13.1 -79.3 Operating Profit 22.2 33.7 11.4 51.5 [Operating Profit Margin
Slide 7: Factors Behind Change in Operating Profit
1.Financial Results for 1Q FY2021 Factors Behind Change in Operating Profit Excl. Restructuring (Billions of yen) ･Revenue +12.3 ･Operating Profit +10.5 ･Technology Solutions +2.5 ･Ubiquitous Solutions -1.7 ･Device Solutions +9.7 33.7 22.2 Improvement in Increase in OPEX Increase in profit due gross
Slide 8: Revenue by Segments
1.Financial Results for 1Q FY2021 Revenue by Segments (Billions of yen) 1Q FY2020 1Q FY2021 Change （Actual） （Actual） Excl. restructuring 786.2 798.5 12.3 Technology Solutions 674.2 684.9 10.6 Solutions/Services 394.1 398.6 4.5 System Platforms 146.9 140.8 -6.1 System Products 109.2 90.7 -18.4 Networ
Slide 9: Profitability Improvement and Operating Expenses
1.Financial Results Profitability Improvement for 1Q FY2021 Operating Expenses Gross margin ratio … Improvement of 2.4% 1Q ・Solutions/Services Reforming systems development, delivery and support operations FY2021 (Agile Development, Japan Global Gateway, Remote Maintenance) Gross margin ratio 30.7%
Slide 10: Overall orders in Japan for 1Q FY2021
1.Financial Results Overall orders in Japan for 1Q FY2021 (Fujitsu Limited and Fujitsu Japan Limited) FY2020(Actual) FY2021(Actual) ［Excl. 1Q 2Q 3Q 4Q Total 1Q Orders for PC］ Private Enterprise [Manufacturing & Distribution] 93% 82% 93% 100% 92% 91% [92%] Finance＆Retail 90% 83% 98% 91% 90% 109% [112
Slide 11: Business Segment Information [1Q]
1.Financial Results for 1Q FY2021 Business Segment Information[1Q] (Billions of yen) 1Q FY2020 1Q FY2021 Change Excl. （Actual） Restructuring （Actual） Restructuring restructuring Restructuring Technology Solutions 683.5 9.3 687.0 2.1 3.4 10.6 -7.1 Ubiquitous Solutions 72.6 7.2 53.8 1.2 -18.8 -12.8 -5
Slide 12: Business Segment Information [1Q]: Technology Solutions
1.Financial Results for 1Q FY2021 Business Segment Information[1Q] Technology Solutions (Billions of yen) [Revenue] Revenue increased on higher revenue from Solutions/Services Technology 1Q FY2020 1Q FY2021 and Network Products, covering declines from restructured Change businesses and the fall-off
Slide 13: Technology Solutions (Solutions/Services)
1.Financial Results for 1Q FY2021 Business Segment Information[1Q] Technology Solutions (Solutions/Services） [Revenue] (Billions of yen) Revenue increased, primarily from financial services and telecom carrier customers Solutions/ 1Q FY2020 1Q FY2021 Change Services (Actual) (Actual) (%) [Operating
Slide 14: Technology Solutions (System Platforms)
1.Financial Results for 1Q FY2021 Business Segment Information[1Q] Technology Solutions (System Platforms) (Billions of yen) [Revenue] (System Products) System 1Q FY2020 1Q FY2021 Change Significant decline in revenue from the fall-off from last year’s Platforms (Actual) (Actual) (%) Fugaku revenue
Slide 15: Technology Solutions (International Regions Excluding Japan)
1.Financial Results for 1Q FY2021 Business Segment Information[1Q] Technology Solutions（International Regions Excluding Japan） (Billions of yen) [Revenue] International Excluding the impact of restructuring and the boost to 1Q FY2020 1Q FY2021 Regions Change revenue from foreign exchange rate moveme
Slide 16: Technology Solutions (Common)
1.Financial Results for 1Q FY2021 Business Segment Information[1Q] Technology Solutions（Common） (Billions of yen) 1Q FY2020 1Q FY2021 Common Change (Actual) (Actual) Operating profit -6.4 -13.3 -6.9 Investments in Fujitsu’s internal transformation undertaken according to plan • Internal DX investmen
Slide 17: Two Business Areas for Value Creation (Technology Solutions)
1.Financial Results Two Business Areas for Value Creation for 1Q FY2021 (Technology Solutions) ■For Growth … Digital（DX、Modernization） The digital domain which encompasses areas of business opportunity for our customers ■For Stability … Traditional IT（Maintenance and operation of systems and sales o
Slide 18: Business Segment Information [1Q]: Ubiquitous Solutions
1.Financial Results for 1Q FY2021 Business Segment Information[1Q] Ubiquitous Solutions (Billions of yen) [Revenue] Ubiquitous 1Q FY2020 1Q FY2021 Business restructuring: -5.9 billion yen Change Solutions (Actual) (Actual) (%) -> Impact of excluding the mobile phone retail store business from the co
Slide 19: Business Segment Information [1Q]: Device Solutions
1.Financial Results for 1Q FY2021 Business Segment Information[1Q] Device Solutions (Billions of yen) [Revenue] In line with the rise in demand for semiconductors, the trend in 1Q FY2020 1Q FY2021 revenue from electronic components has been strong Device Solutions Change (Actual) (Actual) (%) [Opera
Slide 20: Cash Flows
1.Financial Results for 1Q FY2021 Cash Flows （Billions of yen） 1Q FY2020 1Q FY2021 Change （Actual） （Actual） Ⅰ Cash flows from operating activities 148.8 192.0 43.1 Ⅱ Cash flows from investing activities -10.0 -29.0 -19.0 Ⅰ+Ⅱ Free Cash Flow 138.8 162.9 24.1 Ⅲ Cash flows from financing activities -23.
Slide 21: Assets, Liabilities and Equity
1.Financial Results for 1Q FY2021 Assets, Liabilities and Equity (Billions of yen) Year-end End of Change FY2020 1Q FY2021 Total Assets 3,190.2 3,033.8 -156.3 Total Liabilities 1,643.3 1,474.2 -169.0 Total Equity 1,546.9 1,559.5 12.6 Total Equity Attributable to Owners of the Parent 1,450.1 1,458.8
Slide 22: 2. Earnings Forecast for FY2021
2. Earnings Forecast for FY2021 22 Copyright 2021 FUJITSU LIMITED
Slide 23: Financial Forecast
2.Earnings Forecast for FY2021 Financial Forecast (Billions of yen) FY2021(Forecast) FY2020 Current Change vs. Change （Actual） Previous (%) Forcast Forecast Revenue 3,589.7 3,630.0 - 40.2 1.1 Operating Profit 266.3 275.0 - 8.6 3.3 [Operating Profit Margin] [7.4%] [7.6%] [-%] [0.2%] Profit for the Ye
Slide 24: Business Segment Information (Forecast)
2.Earnings Forecast for FY2021 Business Segment Information (Billions of yen) FY2021（Forecast） FY2020 Change vs. Current Change （Actual） Previous Forecast (%) Forcast (After reclassification) Technology Solutions 3,087.7 3,200.0 - 112.2 3.6 Ubiquitous Solutions 319.0 230.0 - -89.0 -27.9 Revenue Devi
Slide 25: Breakdown of Technology Solutions (Forecast)
2.Earnings Forecast Business Segment Information for FY2021 Breakdown of Technology Solutions (Billions of yen) FY2021（Forecast） FY2020 Change vs. Current Change （Actual） Previous Forecast (%) Forcast (After reclassification) Technology Solutions 3,087.7 3,200.0 - 112.2 3.6 Solutions/Services 1,883.
Slide 26: Cash Flows (Free Cash Flow Forecast)
2.Earnings Forecast for FY2021 Cash Flows Free Cash Flow (Billions of yen) FY2020 FY2021 Change vs. (Actual) (Forecast) Previous Forecast Free Cash Flow 236.3 210.0 - 26 Copyright 2021 FUJITSU LIMITED
Slide 27: Fujitsu: shaping tomorrow with you
CO FUJITSU shaping tomorrow with you
Slide 28: Cautionary Statement
Cautionary Statement These materials may contain forward-looking statements that are based on management’s current information, views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed
Slide 29: Supplementary
Supplementary 29 Copyright 2021 FUJITSU LIMITED
Slide 30: Changes to Business Segments (Breakdown of reclassification)
(Supplementary) Changes to Business Segments Financial Results for 1Q FY2021 (Breakdown of reclassification) Contents of the changes to Business Segments ①Change in the sales channels because of the establishment of Fujitsu Japan Limited (revised FY2020 financial results) A portion of revenue from S
Slide 31: Changes to Business Segments (FY2019)
(Supplementary) Financial Results for 1Q FY2021 Changes to Business Segments(FY2019) (Billions of yen) FY2019 (Actual) Reclassification amount 1Q 2Q 3Q 4Q Total Total Technology Revenue 686.0 832.5 784.2 981.3 3,284.3 71.4 Solutions OPPL 8.0 57.8 42.1 83.7 191.8 3.8 Solutions/ Revenue 410.5 536.1 47
Slide 32: Changes to Business Segments (FY2020)
(Supplementary) Financial Results for 1Q FY2021 Changes to Business Segments(FY2020) (Billions of yen) FY2020 (Actual) Reclassification amount 1Q 2Q 3Q 4Q Total Total Technology Revenue 683.5 709.5 765.9 928.7 3,087.7 44.1 Solutions OPPL 13.3 31.0 53.5 95.3 193.2 4.7 Solutions/ Revenue 394.1 444.7 4
Slide 33: Business Segment Information [Quarterly Breakdown of Results]
(Supplementary) Business Segment Information Financial Results for 1Q FY2021 [Quarterly Breakdown of Results] (Billions of yen) FY2020 (Actual) FY2021 (Actual) 1Q 2Q 3Q 4Q 1Q Technology Revenue 683.5 709.5 765.9 928.7 687.0 Solutions OPPL 13.3 31.0 53.5 95.3 17.0 Solutions/ Revenue 394.1 444.7 458.0
Slide 34: For Growth/For Stability: Composition of Businesses
(Supplementary) Two Business Areas for Value Creation Financial Results for 1Q FY2021 (Technology Solutions) For Growth/For Stability: Composition of Businesses For Growth • SI Development (New / Modernization / Upgrades) • Cloud Services Related IaaS / SaaS Cloud Integration Applications (Applicati
Slide 35: Two Business Areas for Value Creation (Technology Solutions)
(Supplementary) Two Business Areas for Value Creation Financial Results for 1Q FY2021 (Technology Solutions) (Billions of yen) 1Q FY2020 (Actual) 1Q FY2021 (Actual) Change For For For For For For Total Total Total Growth Stability Growth Stability Growth Stability Technology Growth Rate 93% 105% 101
Slide 36: Revenue Breakdown In and Outside Japan
(Supplementary) Business Segment Information Financial Results for 1Q FY2021 [ Revenue Breakdown-In and Outside Japan] (Billions of yen) 1Q FY2020 1Q FY2021 Change (Actual) (Actual) (％) Revenue 683.5 687.0 3.4 0.5 Technology Solutions Japan 487.1 475.7 -11.4 -2.3 Outside Japan 196.4 211.3 14.9 7.6 R
Slide 37: Breakdown of International Regions Excluding Japan
(Supplementary) Breakdown of International Regions Financial Results for 1Q FY2021 Excluding Japan (Billions of yen) Change 1Q FY2020 1Q FY2021 (Actual) (Actual) Excl. Restructuring restructuring International Regions Revenue 171.0 177.2 -7.1 13.3 Operating Excluding Japan Profit -3.7 2.2 1.0 5.0 NW
Slide 38: Assumptions used for FY2021 Forecasts: Exchange Rates
(Supplementary) Earnings Forecast for FY2021 Assumption used for FY2021 Forecasts 1. Exchange Rates（Average）and Impact of Fluctuation FY2021 Impact of Exchange Rate FY2020 Fluctuation (Actual) 1Q 2Q/3Q/4Q Change vs. 2Q/3Q/4Q (Actual) (Forecast) Previous Forecast (Forecast)* U.S. dollar / Yen 106 109
Slide 39: Assumptions used for FY2021 Forecasts: Capex, Depreciation, R&D
(Supplementary) Earnings Forecast for FY2021 Assumption used for FY2021 Forecasts 2. Capital Expenditures and Depreciation （Property, Plant and Equipment） (Billions of yen) 1Q Full year Change vs. FY2020 FY2021 FY2020 FY2021 Previous (Actual) (Actual) (Actual) (Forecast) Forecast Technology Solution