Slide 1: Consolidated Financial Results for 1H FY2024
Consolidated Financial Results for 1H FY2024 Fuji Electric Co., Ltd. October 31, 2024 © Fuji Electric Co., Ltd.
Slide 2: Contents
Contents 1. 1H FY2024 Results (YoY Comparison) P. 3 2. 1H FY2024 Results (Comparison with Forecasts on July 25, 2024) P. 12 3. Balance Sheet, Cash Flow Statement P. 14 4. FY2024 Forecasts P. 17 5. Dividend of Surplus P. 20 6. Reference P. 22 © Fuji Electric Co., Ltd. 2
Slide 3: 1H FY2024 Results (YoY Comparison)
1. 1H FY2024 Results (YoY Comparison) © Fuji Electric Co., Ltd. 3
Slide 4: Summary of Consolidated Financial Results for 1H FY2024 (YoY Comparison)
Summary of Consolidated Financial Results for 1H FY2024 (YoY Comparison) New record highs for net sales, operating profit, ordinary profit and profit attributable to owners of parent （Billion yen） （Billion yen） Change of Net Sales FY2023 FY2024 Change Lose on translation of earnings of overseas subs
Slide 5: Breakdown of Changes in Operating Results for 1H
Breakdown of Changes in Operating Results for 1H FY2024 (YoY Comparison) Profit up, despite higher fixed costs and raw material prices, due to increases in sales and production volumes, benefits of differences in profitability between models, and cost reduction activities （Billion yen） Increase in s
Slide 6: Net Sales and Operating Profit by Segment for 1H FY2024
Net Sales and Operating Profit by Segment for 1H FY2024 (YoY Comparison) Higher sales in Energy and Food and Beverage Distribution segments Higher profit in Energy, Industry, and Food and Beverage Distribution segments （Billion yen） FY2023 FY2024 Change Operating Operating Net Sales Net Sales Operat
Slide 7: Business Results by Segment for 1H ①
Business Results by Segment for 1H FY2024 (YoY Comparison) ① （Billion yen） FY2023 FY2024 Change Overview Power Generation: Higher net sales and operating results (Net Sales Increased by 2%) Increased net sales and operating results due to the recording of large-scale renewable energy projects Net Sa
Slide 8: Business Results by Segment for 1H ②
Business Results by Segment for 1H FY2024 (YoY Comparison) ② （Billion yen） FY2023 FY2024 Change Overview Automation Systems: Lower net sales but operating results unchanged (Net Sales Decreased by 1%) Decreased net sales due to ongoing inventory adjustment in relation to low- voltage inverters for f
Slide 9: Business Results by Segment for 1H ③
Business Results by Segment for 1H FY2024 (YoY Comparison) ③ （Billion yen） FY2023 FY2024 Change Overview Net sales relatively unchanged as the growth in sales volumes for industrial power semiconductors was counteracted by impacts of 108.5 108.0 -0.5 unfavorable foreign exchange influences and the d
Slide 10: Net Sales by Japan and Overseas Area for 1H
Net Sales by Japan and Overseas Area for 1H FY2024 (YoY Comparison) Lower sales in Europe, Asia, etc. Ratio of overseas sales （Billion yen） 31% 29% YoY FY2023 FY2024 Change 491.7 497.4 +5.7 Power Generation +1.9 Energy Management -0.8 Overseas 152.0 142.8 -0.4* -9.2 Power Supply and Facility -6.4 Ov
Slide 11: Amount of orders received in 1H FY2024
Amount of orders received in 1H FY2024 Massive increase in plant system orders （Billion yen） Plant Systems etc +17.2 YoY Energy +17.6 571.7 +23.7 Energy Management 548.0 Power Supply and Facility Systems +8.0 Industry Equipment Construction -12.5 Major Components 2Q Order Received Trend QonQ Ratio o
Slide 12: 1H FY2024 Results (Comparison with Forecasts on July 25, 2024)
2. 1H FY2024 Results (Comparison with Forecasts on July 25, 2024) © Fuji Electric Co., Ltd. 12
Slide 13: Summary of Consolidated Financial Results (Comparison with Forecasts on July 25, 2024)
Summary of Consolidated Financial Results for 1H FY2024 (Comparison with Forecasts on July 25, 2024) Delays in recovery in demand for low-voltage inverters and ED&C components and ongoing reductions in demand for automotive semiconductors Higher sales and profit for plant systems and food and bevera
Slide 14: Balance Sheet, Cash Flow Statement
3. Balance Sheet, Cash Flow Statement © Fuji Electric Co., Ltd. 14
Slide 15: Balance Sheet in 1H FY2024 (Change from March 31, 2024)
Balance Sheet in 1H FY2024 (Change from March 31, 2024) Liabilities and （Billion yen） Assets 24/3/31 24/9/30 Change Net Assets 24/3/31 24/9/30 Change Notes and account Cash and deposit 66.2 65.4 -0.7 payables-trade 207.4 172.7 -34.7 Notes and account receivables-trade, 430.1 352.3 -77.9 Interest-bea
Slide 16: Consolidated Cash Flows for 1H
Consolidated Cash Flows for 1H FY2024 (YoY Comparison) （Billion yen） 1H FY2023 1H FY2024 Change Ⅰ Cash Flows from Operating Activities 34.8 87.5 52.7 Ⅱ Cash Flows from Investing Activities -21.6 -25.8 -4.2 Ⅰ＋Ⅱ Free Cash Flow（FCF） 13.2 61.8 48.5 Ⅲ Cash Flows from Financing Activities -41.9 -64.1 -22.
Slide 17: FY2024 Forecasts
4. FY2024 Forecasts © Fuji Electric Co., Ltd. 17
Slide 18: Consolidated Financial Results Forecasts for full-year FY2024 (Comparison with July 25)
Consolidated Financial Results Forecasts for full-year FY2024 (Comparison with Forecasts on July 25, 2024) Target of operating profit ratio of more than 10% （Billion yen） Full-year Forecasts Full-year Forecasts Assumed Exchange Rate on 3Q to 4Q FY2024 Change (July 25) (October 31) US$ EURO RMB Net S
Slide 19: Consolidated Financial Results Forecasts for full-year FY2024
Consolidated Financial Results Forecasts for full-year FY2024 (YoY Comparison) （Billion yen） FY2023 FY2024 Full-year Change Results Forecasts (October 31) Net Sales 1,103.2 1,114.0 -16.6* 10.8 Operating Profit 106.1 111.5 -1.9* 5.4 Operating Profit Ratio 9.6% 10.0% 0.4% Ordinary Profit 107.8 111.5 3
Slide 20: Dividend of Surplus
5. Dividend of Surplus © Fuji Electric Co., Ltd. 20
Slide 21: Dividend of Surplus
Dividend of Surplus Interim dividend of ¥75 per share decided 160 （Yen） Year-end dividend per share 140 Interim dividend per share 135 120 115 100 100 80 80 85 75 80 70 60 55 55 45 50 60 40 40 45 35 40 40 25 25 30 75 20 20 25 55 60 20 45 20 15 40 40 40 10 10 25 25 30 15 20 0 10 10 10 2010 2011 2012
Slide 22: Reference
6. Reference © Fuji Electric Co., Ltd. 22
Slide 23: Reference
Reference ■ED&C Components amount of orders received 2Q QoQ 2Q YoY 1H YoY All +1% +13% +8% Japan +2% +18% +8% Overseas -1% +4% +8% ■Low-voltage inverters amount of orders received (※) All +16% +3% -8% Japan +13% +39% +7% Overseas +17% -10% -15% ■Semiconductors amount of orders received All -1% +1% +
Slide 24: 1. This document is not subject to review by the accounting auditor and therefore
1. This document is not subject to review by the accounting auditor and therefore has not undergone review at the time of release. 2. Statements made in this documents or in the presentation to which they pertain regarding estimates or projections are forward-looking statements based on the company’