Fujitsu Limited · TSE:6702

Fujitsu — Q2 2025 Earnings Presentation

41 slides from Fujitsu's earnings presentation, Oct 30, 2025

  1. Slide 1: FY2025 2Q Consolidated Financial Results

    2Q FY2025 Consolidated Financial Results October 30, 2025 Fujitsu Limited 1 © 2025 Fujitsu Limited

  2. Slide 2: Financial Results for 1H FY2025

    Financial Results for 1H FY2025 2 © 2025 Fujitsu Limited

  3. Slide 3: FY2025 1H Results: Overview

    FY2025 1H Results: Overview Service Solutions (Billions of yen) ▎Revenue up from the previous year +4.8% vs. Actual basis excluding restructuring +6.4% Revenue 1,066.5 LY +4.8% Of which, business in Japan +8.9% (Excl. restructuring etc. +6.4%) Adjusted ▎In addition to the benefits of higher revenue,

  4. Slide 4: Trend of Consolidated Adjusted Operating Profit

    Trend of Consolidated Adjusted Operating Profit (Billions of yen) Cumulative Progress Progress 78% 66% vs. LY Percent 22% 34% Progress Over +52.7 (+17％) the Year +12％ vs. LY +55.2 (+84％) 360.0 (10.4%) 307.2 241.1 238.6 (8.7%) 121.3 Adjusted (7.7％) Operating Profit 66.0 (%) (4.3%) FY2024 FY2025 FY202

  5. Slide 5: Business Segment Information: Higher Profit in All Segments

    Business Segment Information: Higher Profit in All Segments (Billions of yen) Excl. 1H FY2024 1H FY2025 vs. LY (%) restructuring etc. (%) Revenue 1,017.5 1,066.5 48.9 4.8 6.4 Service Solutions Adj. Operating Profit 88.7 119.6 30.9 34.8 [%] [8.7%] [11.2%] [2.5%] Hardware Revenue 456.6 424.8 -31.8 -7.

  6. Slide 6: Business Segment Information (Adjusted)

    Business Segment Information (Adjusted) 6 © 2025 Fujitsu Limited

  7. Slide 7: Service Solutions

    Service Solutions ◼ Service Solutions (Billions of yen) Excl. 1H FY2024 1H FY2025 vs. LY (%) restructuring etc. (%) ▎ Revenue Revenue 1,017.5 1,066.5 48.9 4.8 6.4  Up 7% in Japan (Up 9% excluding restructuring) [Uvance] [200.7] [311.0] [110.2] [54.9] Strong growth in DX and modernization deals [Mod

  8. Slide 8: Factors Behind Change in Adjusted Operating Profit

    Service Solutions Factors Behind Change in Adjusted Operating Profit Revenue +48.9 / Adjusted Operating Profit +30.9 [+2.5％] (Billions of yen) +21.2 -9.2 [+2.0%] [-0.9%] 11.2% [+2.5％] +18.8 [+1.4%] Investment expansion, etc. 8.7% Improvement Uvance offerings in profitability modernization （Gross mar

  9. Slide 9: Orders (Japan)

    Service Solutions Orders (Japan) In the Enterprise segment, there was a pullback from multiple large-scale deals in the prior year, but there was a continued high level of deals from the prior year in the Finance segment Steady expansion in the order pipeline across all segments FY2024 FY2025 [Excl.

  10. Slide 10: Revenue + Order Backlog (Japan)

    Service Solutions Revenue + Order Backlog (Japan) (Billions of yen) End of 1H FY2025 FY2025 Amount (Revenue Order needed to Revenue Backlog achieve Forecast) Total (Actual) (Sales expected revenue from 2H) forecast Revenue and 1,800.0 795.2 683.9 1,479.1 320.8 Order Backlog Annual Revenue Coverage R

  11. Slide 11: Orders (Outside Japan)

    Service Solutions Orders (Outside Japan) Europe: Large-scale multi-year data center contract renewals Americas: Pullback from big multi-year deals last year Asia Pacific: Multi-year retail-related contract renewals in Oceania FY2024 FY2025 1Q 2Q 3Q 4Q 1Q 2Q 1H Europe 86% 84% 78% 128% 177% 93% 128% A

  12. Slide 12: Uvance

    Service Solutions Uvance Annual Plan Orders 223.1 Up 43% 318.6 418.5 Up 31% 548.6 Up 31% 720.0 700.0 Up 45% 311.0 Vertical Up 55% 280.0 Vertical Up 31% 482.8 Vertical Vertical Up 60% 200.7 122.6 367.9 Vertical 175.2 Revenue 63.2 Up 94% Horizontal 116.3 Horizontal Horizontal Horizontal Horizontal Up

  13. Slide 13: Modernization

    Service Solutions Modernization Annual Plan Orders 149.6 Up 3% 154.1 232.6 Up 65% 384.7 Up 7% 410.0 Modernization total 330.0 Up 11% Modernization 296.9 Modernization total 161.3 total Up 86% Service Up 38% Solutions Vertical Service 116.8 201.0 Up 15% 231.0 Service 110.1 160.0 Revenue Up 33% Servic

  14. Slide 14: Improvement in Profitability

    Service Solutions Improvement in Profitability Enhancing added value of services through an increase in delivery quality and speed Improvement in profitability: +21.2 billion yen (Gross margin ratio +2.0%) ▎Delivery enhancement ▎ Trends in gross margin  Expanded use of JGG Up 2.0％  Process standar

  15. Slide 15: Breakdown by Sub-Segment

    Service Solutions Breakdown by Sub-Segment (Billions of yen) 1H 1H Excl. ▎ Global Solutions vs. LY (％) restructuring FY2024 FY2025 etc. (%) Revenue 1,017.5 1,066.5 48.9 4.8 6.4 • Higher revenue, primarily from Uvance offerings Japan 741.8 795.2 53.3 7.2 8.9 • In addition to the benefit of higher rev

  16. Slide 16: Hardware Solutions

    ◼ Hardware Solutions (Billions of yen) Excl. 1H FY2024 1H FY2025 vs. LY (%) restructuring ◼ System Products etc. (%) • Down 2.7%, excluding impact of a change in the way Revenue 456.6 424.8 -31.8 -7.0 -1.2 revenue is recorded System Products 383.3 346.5 -36.7 -9.6 -2.7 Decline in small scale/low pro

  17. Slide 17: Ubiquitous Solutions

    ◼ Ubiquitous Solutions (Billions of yen) 1H FY2024 1H FY2025 vs. LY (%) ◼ Higher demand from the end of support from Windows 10 Revenue 108.6 113.1 4.5 4.2 ◼ In addition to the lower cost of components because of Adjusted exchange rates, profitability improved due to a focus on 11.3 21.7 10.3 91.2 O

  18. Slide 18: Cash Flows, Assets, Liabilities and Equity

    Cash Flows, Assets, Liabilities and Equity 18 © 2025 Fujitsu Limited

  19. Slide 19: Cash Flows (Consolidated)

    Cash Flows (Consolidated) (Billions of yen) 1H FY2024 1H FY2025 vs. LY Core Free Cash Flow * 93.7 164.2 70.4 * Ordinary free cash flow, excluding one-time cash inflows or outflows from such activities as business restructurings, structural reforms, and acquisitions or divestitures. ▎ Core free cash

  20. Slide 20: Assets, Liabilities and Equity (Consolidated)

    Assets, Liabilities and Equity (Consolidated) (Billions of yen) Year-end End of vs. LY FY2024 1H FY2025 Total Assets 3,497.8 3,253.0 -244.7 Total Liabilities 1,595.7 1,261.8 -333.8 Total Equity 1,902.0 1,991.1 89.0 Total Equity Attributable to Owners of the Parent 1,740.9 1,973.0 232.0 Reference: Fi

  21. Slide 21: Earnings Forecast for FY2025

    Earnings Forecast for FY2025 21 © 2025 Fujitsu Limited

  22. Slide 22: Financial Forecast (Adjusted): No change from Previous Forecast

    Financial Forecast (Adjusted) : No change from Previous Forecast (Billions of yen) FY2025 (Forecast) FY2024 Change vs. Current vs. LY (%) (Actual) Previous Forecast Forecast Revenue 3,550.1 3,450.0 - -100.1 -2.8 Adjusted Operating Profit 307.2 360.0 - 52.7 17.2 [Adjusted Operating Profit Margin] [8.

  23. Slide 23: Business Segment Information

    Business Segment Information (Billions of yen) FY2025 (Forecast) FY2024 Change vs. Current vs. LY (％) (Actual) Previous Forecast Forecast Revenue 2,245.9 2,330.0 - 84.0 3.7 Japan 1,656.2 1,800.0 - 143.7 8.7 Service Outside Japan 589.7 530.0 - -59.7 -10.1 Solutions Adj. Operating Profit 289.9 360.0 -

  24. Slide 24: Financial Forecast (Adjusted Consolidated Results/Items)

    Financial Forecast (Adjusted Consolidated Results/Items) (Billions of yen) FY2025 (Forecast) Change vs. Previous Forecast vs. LY Adjusted Adjusted Adjusted Adjusted Consolidated Adjusted Consolidated Adjusted Consolidated Consolidated Consolidated Consolidated Items Results Items Results Items Resul

  25. Slide 25: Cash Flows

    Cash Flows (Billions of yen) FY2025 (Forecast) FY2024 Change vs. Current vs. LY (Actual) Previous Forecast Forecast Core Free Cash Flow 233.6 235.0 - 1.3 Adjusted items from GAAP Free Cash Flow -18.9 145.0 - 163.9 Business transfers 49.0 290.0 - 240.9 Business model transformation expenditures -48.4

  26. Slide 26: Progress of Adjusted Operating Income (Consolidated Total)

    Progress of Adjusted Operating Income (Consolidated Total) 450.0 10.4% 11.0% 8.7% Record-High 400.0 9.0% 7.3% 7.6% Profit 6.6% 360.0 Adjusted 350.0 6.2% 6.2% 7.0% Operating 307.2 300.0 Profit 265.3 5.0% Margin250.0 243.4 218.4 217.5 3.0% 200.0 Service 199.8 Solutions 98.2 360.0 1.0% 150.0 107.8 162.

  27. Slide 27: Tender Offer for BrainPad Inc. Shares

    Tender Offer for BrainPad Inc. Shares: Strengthening Data & AI Business within Uvance's Strategic Focus Area ▎ Aim to create synergies between BrainPad Inc., a company with a competitive advantage in data science and digital marketing, and Uvance to achieve a persuasive leadership position in the ra

  28. Slide 28: Notice of Information Disclosure

    Notice of Information Disclosure Integrated Report 2025 (Released on 24 October) The Fujitsu Integrated Report introduces the Fujitsu Group’s initiatives for business activities and value creation comprehensively. Sustainability Data Book 2025(Released on 29 October) Fujitsu Group Sustainability Dat

  29. Slide 29: Thank you

    Thank you © 2025 Fujitsu Limited

  30. Slide 30: 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

  31. Slide 31: Supplementary

    Supplementary 31 © 2025 Fujitsu Limited

  32. Slide 32: Consolidated PL (1H)

    Financial Results Consolidated PL (1H) (Billions of yen) 1H FY2025 vs. LY Adjusted Adjusted Adjusted Consolidated Adjusted Consolidated Consolidated Consolidated Items Results Items Results Results Results Revenue 1,566.5 - 1,566.5 14.3 - 14.3 Operating Profit 121.3 -15.9 105.3 55.2 7.1 62.3 Continu

  33. Slide 33: Consolidated PL by Quarter

    Financial Results Consolidated PL by Quarter Adjusted Consolidated Results (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q Revenue 759.2 792.8 855.8 1,142.1 3,550.1 749.8 816.6 Adjusted Operating Profit 16.5 49.5 71.0 170.1 307.2 35.1 86.2 Continuing Operation [Adjusted Operating Profit Marg

  34. Slide 34: Adjusted Items by Quarter

    Financial Results Adjusted Items by Quarter (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q Adjusted Operating Profit 16.5 49.5 71.0 170.1 307.2 35.1 86.2 Adjusted items from GAAP Operating Profit -2.2 -20.8 -8.2 -10.8 -42.1 -1.6 -14.3 One-time Profit/Loss from business transfers - - -3.1 15

  35. Slide 35: Business Segment Information by Quarter

    Financial Results Business Segment Information by Quarter (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q Service Revenue 501.6 515.9 545.5 682.8 2,245.9 514.6 551.8 Solutions Adj. Operating Profit 34.9 53.7 72.8 128.4 289.9 47.8 71.7 Global Revenue 129.0 117.6 120.3 144.2 511.2 120.7 128.5

  36. Slide 36: Uvance

    Financial Results Uvance (Billions of yen) FY2025 vs. LY 1Q 2Q 1H 1Q 2Q 1H vs LY(%) 145% 185% 168% Vertical 48.4 84.5 132.9 14.9 38.7 53.6 vs LY(%) 105% 156% 129% Orders Horizontal 79.2 106.4 185.7 3.5 38.3 41.8 vs LY(%) 117% 168% 143% Total 127.6 190.9 318.6 18.4 77.1 95.5 [Japan] [103.2] [133.6] [

  37. Slide 37: Breakdown of Regions (International)

    Financial Results Breakdown of Regions (International) (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q Revenue 142.2 133.4 146.1 167.8 589.7 133.7 137.5 Regions (International) Adj. Operating Profit -0.5 3.8 9.1 11.5 23.9 7.1 9.6 Revenue 92.8 90.4 97.3 109.7 390.4 94.0 91.6 Europe Adj. Opera

  38. Slide 38: Adjusted items from GAAP Free Cash Flow by Quarter

    Financial Results Adjusted items from GAAP Free Cash Flow by Quarter (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q Core Free Cash Flow 167.7 -74.0 -51.3 191.1 233.6 230.3 -66.0 Adjusted items from GAAP Free Cash Flow -37.2 -8.2 -20.0 46.6 -18.9 171.4 90.9 Business transfers -19.3 - - 68.3

  39. Slide 39: Business Segment Information (Service Solutions)

    Earnings Forecast Business Segment Information (Service Solutions) (Billions of yen) FY2025 (Forecast) FY2024 Change vs. Current vs. LY (％) （Actual） Previous Forecast Forecast Revenue 2,245.9 2,330.0 - 84.0 3.7 Service Adj. Operating Profit 289.9 360.0 - 70.0 24.2 Solutions [%] [12.9%] [15.5%] [-%]

  40. Slide 40: Assumptions Used for FY2025 Forecasts: Exchange Rates

    Earnings Forecast Assumptions Used for FY2025 Forecasts 1. Exchange Rates（Average）and Impact of Fluctuation FY2025 Impact of Exchange Rate FY2024 Change vs. Fluctuation (Actual) 1H 2H Previous 2H (Actual) (Forecast) Forecast (Forecast)* U.S. dollar / Yen 153 146 140 - -0.4 Billion yen Euro / Yen 164

  41. Slide 41: Assumptions Used for FY2025 Forecasts: Capital Expenditures

    Earnings Forecast Assumptions Used for FY2025 Forecasts 2. Capital Expenditures, Depreciation and Amortization (Property, Plant and Equipment, Intangible Assets and leased Assets) (Billions of yen) 1H Full year Change vs. FY2024 FY2025 FY2024 FY2025 Previous (Actual) (Actual) (Actual) (Forecast) For

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