Slide 1: FY2024 Consolidated Financial Results
FY2024 Consolidated Financial Results April 24, 2025 Fujitsu Limited 1 © 2025 Fujitsu Limited
Slide 2: Financial Results for FY2024
Financial Results for FY2024 2 © 2025 Fujitsu Limited
Slide 3: FY 2024 Results: Overview (Service Solutions)
FY 2024 Results: Overview (Service Solutions) ▎ Sales revenue was 2,245.9 billion yen (up 5.1% from Revenue 17.0% prior year) 450.0 1,984.2 2,137.5 2,245.9 15.0% In Japan: up 8% / Outside Japan: down 2% 400.0 12.9% Sales revenue for Fujitsu Uvance was 482.8 billion yen (up 31% 13.0% 350.0 11.1% fr
Slide 4: FY 2024 Results: Overview (Consolidated Total)
FY 2024 Results: Overview (Consolidated Total) Revenue 3,331.0 3,476.9 3,550.1 ▎ Sales revenue was 3,550.1 billion yen (up 2.1% from prior 450.0 11.0% year) 8.7% Revenue in Service Solutions increased by 5.1% 400.0 9.0% 7.3% 7.6% Adjusted Revenue in Ubiquitous Solutions declined 350.0 Operating
Slide 5: Consolidated PL (Year Total)
Consolidated PL (Year Total) Adjusted Consolidated Results (Billions of yen) Change vs. FY2023 FY2024 Change (％) Previous Forecast Revenue 3,476.9 3,550.1 73.1 2.1 80.1 Adjusted Operating Profit 265.3 307.2 41.9 15.8 17.2 [Adjusted Operating Profit Margin] [7.6%] [8.7%] [1.1%] [0.3%] Adjusted Profit
Slide 6: Business Segment Information
Business Segment Information (Billions of yen) Change vs. FY2023 FY2024 Change (%) Previous Forecast Revenue 2,137.5 2,245.9 108.4 5.1 15.9 Service Solutions Adj. Operating Profit 237.2 289.9 52.7 22.2 9.9 [%] [11.1%] [12.9%] [1.8%] [0.3%] Hardware Revenue 1,108.0 1,119.9 11.9 1.1 69.9 Solutions Adj
Slide 7: Reclassification of Device Solutions as Discontinued Operations
Reclassification of Device Solutions as Discontinued Operations Sale of Shinko Electric, Fujitsu Optical Components, and FDK (Billions of yen) Before Reclassification Reclassification Amount Continuing Operations FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 Revenue 3,756.0 3,835.9 -279.0 -285.8 3,476.9
Slide 8: Business Segment Information (Adjusted)
Business Segment Information (Adjusted) 8 © 2025 Fujitsu Limited
Slide 9: Service Solutions
Service Solutions ◼ Service Solutions (Billions of yen) ▎ Revenue FY2023 FY2024 Change (%) Up 8% in Japan: Strong growth in DX and modernization Revenue 2,137.5 2,245.9 108.4 5.1 deals [Fujitsu Uvance] [367.9] [482.8] [114.9] [31.2] Down 2% outside of Japan: Lower revenue from the [Modernization
Slide 10: Factors Behind Change in Adjusted Operating Profit
Service Solutions Factors Behind Change in Adjusted Operating Profit (Billions of yen) Revenue +108.4 / Adjusted Operating Profit +52.7 +46.5 -42.1 +48.3 12.9% 11.1% Improvement Investment in profitability expansion, etc. （Gross margin ratio +1.9%) (Development cost of FY23 34.8% → FY24 36.7% Fujits
Slide 11: Orders (Japan)
Service Solutions Orders (Japan) 4Q: Strong growth in all areas, and won major multi-year deal in the finance sector Full year: There was a pull back in the public sector because of large-scale multi-year contract orders in the previous year, but overall orders increased (FY22-24: CAGR of 10%) (Refe
Slide 12: Orders (Outside Japan)
Service Solutions Orders (Outside Japan) Europe: Pullback from major multi-year contract orders in the previous year Americas: Pullback from major multi-year business application orders in the previous year Asia Pacific: In the Oceania region won multiple public sector new deals and renewals (Refere
Slide 13: Fujitsu Uvance
Service Solutions Fujitsu Uvance Results exceeded our target, primarily in Horizontal areas, while offerings were expanded in Vertical areas Up 31% Orders 418.5 548.6 Up 45% 700.0 Original Plan 450.0 Up 31% Vertical 482.8 Vertical 280.0 Vertical Up 60% Revenue 367.9Vertical Up 51% 175.2 200.0 64.4 1
Slide 14: Modernization
Service Solutions Modernization Results exceeded our targets against a backdrop of strong demand for upgrades of mission-critical systems Orders 232.6 Up 65% 384.7 Modernaization Up 86% 330.0 total 296.9 Vertical Original Plan 268.0 Service Solutions Service Solutions (Service Solutions 200.0) Up 15
Slide 15: Improvement in Profitability and Growth Investments
Service Solutions Improvement in Profitability and Growth Investments Improvement in profitability: +46.5 billion yen Investment expansion: -42.1 billion yen Aggressive investments for growth ▎ Trends in gross margin Up 1.9％ Development of offerings Aggregation of modernization Uvance 36.7% knowle
Slide 16: Breakdown by Sub-Segment
Service Solutions Breakdown by Sub-Segment (Billions of yen) FY2023 FY2024 Change (％) ▎ Global Solutions Revenue 2,137.5 2,245.9 108.4 5.1 Higher revenue, primarily from Fujitsu Uvance Service Adjusted Operating Investment in development of offerings and also in 237.2 289.9 52.7 22.2 Solutions Profi
Slide 17: Hardware Solutions
◼ Hardware Solutions (Billions of yen) FY2023 FY2024 Change (%) ◼ System Products • Despite lower revenue from the pullback of large- Revenue 1,108.0 1,119.9 11.9 1.1 scale server and storage deals in Japan in the prior year, revenue increased because of foreign System Products 925.0 938.3 13.3 1.4
Slide 18: Ubiquitous Solutions and Inter-segment Elim./Corporate
◼ Ubiquitous Solutions (Billions of yen) FY2023 FY2024 Change (%) ◼ Exited from European business as of April 2024 Revenue 273.3 251.7 -21.5 -7.9 ◼ Improved profitability from concentration of business in Adjusted Japan 24.2 31.3 7.1 29.6 Operating Profit [Adj. operating profit margin] [8.9%] [12.5%
Slide 19: Business Growth Investment, Transformation
Business Growth Investment, Transformation 19 © 2025 Fujitsu Limited
Slide 20: Investments for Business Growth
Investments for Business Growth ( Billions of yen) FY2024 Change Investments for business growth 218.2 16.1 [OPEX] [134.3] [18.1] Major Investments Performance and Impact [CAPEX] [83.8] [ -2.0] • Development of Fujitsu Uvance offerings • Uvance sales revenue up 31% ◼ Strengthening Fujitsu Uvance, •
Slide 21: Portfolio Transformation and Asset Recycling Initiatives
Portfolio Transformation and Asset Recycling Initiatives ▍ Carve-outs of non-core businesses and classification of Device Solutions as discontinued operations Shinko Electric Industries Co., Tender offer bid completed March 2025 100% sale to JICC-04, Ltd. Ltd. Expected closing in the first half of F
Slide 22: Adjusted Items from Operating Profit
Adjusted Items from Operating Profit Expenses for programs including the Self-Produce Support System to transform our human resources portfolio: approximately 40 billion yen To accelerate productivity improvements and the optimal allocation of human resources, such as through job postings, reskillin
Slide 23: Cash Flows, Assets, Liabilities and Equity
Cash Flows, Assets, Liabilities and Equity 23 © 2025 Fujitsu Limited
Slide 24: Cash Flows (Consolidated)
Cash Flows (Consolidated) (Billions of yen) Change vs. FY2023 FY2024 Change Previous Forecast Core Free Cash Flow* 197.2 233.6 36.3 13.6 *Ordinary free cash flow, excluding one-time cash inflows or outflows from such activities as business restructurings, structural reforms, and acquisitions or dive
Slide 25: Core Free Cash Flow and Adjusted Items
Core Free Cash Flow and Adjusted Items (Billions of yen) FY2023 FY2024 Change Core Free Cash Flow 197.2 233.6 36.3 Adjusted items from GAAP Free Cash Flow -45.2 -18.9 26.3 Business transfers 15.4 49.0 33.5 Business model transformation expenditures -6.9 -48.4 -41.5 M&A related expenditures -53.8 -19
Slide 26: Assets, Liabilities and Equity (Consolidated)
Assets, Liabilities and Equity (Consolidated) (Billions of yen) Year-end Year-end Change FY2023 FY2024 Total Assets 3,514.8 3,497.8 -17.0 Total Liabilities 1,595.9 1,595.7 -0.2 Total Equity 1,918.8 1,902.0 -16.7 Total Equity Attributable to Owners of the Parent 1,752.3 1,740.9 -11.4 Reference: Finan
Slide 27: Earnings Forecast for FY2025
Earnings Forecast for FY2025 27 © 2025 Fujitsu Limited
Slide 28: FY2025 Forecast: Overview (Service Solutions)
FY2025 Forecast: Overview (Service Solutions) ▎Sales revenue of 2,330.0 billion yen (up 3.7% Revenue 1,984.2 2,137.5 2,245.9 2,330.0 17.0% 450.0 15.5% from prior year) 15.0% 400.0 Up +9% in Japan, down 10% outside of Japan 12.9% 360.0 13.0% Fujitsu Uvance revenue of 700.0 billion yen (up 45% from
Slide 29: FY 2025 Forecast: Overview (Consolidated Total)
FY 2025 Forecast: Overview (Consolidated Total) ▎ Sales revenue of 3,450.0 billion yen (down 2.8% from Revenue 3,331.0 3,550.1 3,450.0 prior year) 3,476.9 450.0 10.4% 11.0% Revenue in Service Solutions up 3.7% 400.0 8.7% Lower revenue in Hardware Solution and Ubiquitous Solutions Adjusted 360.0
Slide 30: Financial Forecast (Adjusted)
Financial Forecast (Adjusted) Record highs forecast for both operating and net income (Billions of yen) FY2023 FY2024 FY2025 Change (%) (Actual) (Actual) (Forecast) Revenue 3,476.9 3,550.1 3,450.0 -100.1 -2.8 Adjusted Operating Profit 265.3 307.2 360.0 52.7 17.2 [Adjusted Operating Profit Margin] [7
Slide 31: Progress of Adjusted Operating Income (Consolidated Total)
Progress of Adjusted Operating Income (Consolidated Total) 450.0 10.4% 11.0% 8.7% 400.0 Record-High Profit 9.0% 7.3% 7.6% 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.
Slide 32: Financial Forecast (Consolidated Results)
Financial Forecast (Consolidated Results) Record highs forecast for both operating and net income (Billions of yen) FY2024 (Actual) FY2025 (Forecast) Change Adjusted Adjusted Adjusted Adjusted Consolidated Adjusted Consolidated Adjusted Consolidated Consolidated Consolidated Consolidated Items Resul
Slide 33: Business Segment Information
Business Segment Information (Billions of yen) FY2023 FY2024 FY2025 Change (％) (Actual) (Actual) (Forecast) Revenue 2,137.5 2,245.9 2,330.0 84.0 3.7 Service Adj. Operating Profit 237.2 289.9 360.0 70.0 24.2 Solutions [%] [11.1%] [12.9%] [15.5%] [2.6%] Revenue 1,108.0 1,119.9 965.0 -154.9 -13.8 Hardw
Slide 34: Service Solutions
Service Solutions Service Solutions (Billions of yen) FY2023 FY2024 FY2025 ▎ Global Solutions Change (％) (Actual) (Actual) (Forecast) Higher revenue, primarily in Fujitsu Uvance Revenue 2,137.5 2,245.9 2,330.0 84.0 3.7 Service Adjusted Operating 237.2 289.9 360.0 70.0 24.2 Solutions Profit ▎ Regions
Slide 35: Progress of the Medium-Term Management Plan
Service Solutions Progress of the Medium-Term Management Plan Factors Behind Change in Adjusted Operating Profit FY2023 FY2024 FY2025 FY23-FY25 (Actual) (Actual) (Plan) (Plan) ❶ Higher sales revenues ❶ Increase in profit Up 9% in Japan due to increased revenue +45.0 Down 10% outside of Japan ・Higher
Slide 36: Progress of Portfolio Transformation
Service Solutions Progress of Portfolio Transformation Uvance revenue of 700 billion yen (up 45% from prior year): In line with Medium-Term Management Plan Modernization revenue of 330 billion yen (of which 231 billion yen from Services, up 15% from prior year): Exceeds Medium-Term Management Plan U
Slide 37: Progress of Adjusted Operating Income
Service Solutions Progress of Adjusted Operating Income 17.0% 450.0 15.5% 15.0% 400.0 12.9% 13.0% Adjusted 350.0 11.1% 360.0 Operating 11.0% 300.0 Profit 8.2% 289.9 9.0% Margin250.0 6.0% 6.1% 237.2 7.0% 200.0 5.2% 150.0 5.0% Adjusted 162.9 100.0 3.0% Operating 107.8 117.2 Profit 50.0 98.2 1.0% 0.0 -
Slide 38: Business Segment Information: Hardware Solutions
Business Segment Information ◼ Hardware Solutions (Billions of yen) FY2023 FY2024 FY2025 Change (%) (Actual) (Actual) (Forecast) ▎ Hardware Solutions Revenue 1,108.0 1,119.9 965.0 -154.9 -13.8 Lower revenue in System Products from foreign exchange movements, lower licensing revenue, and lower sales
Slide 39: Business Segment Information: Ubiquitous Solutions
Business Segment Information ◼ Ubiquitous Solutions (Billions of yen) FY2023 FY2024 FY2025 Change (%) (Actual) (Actual) (Forecast) Revenue 273.3 251.7 225.0 -26.7 -10.6 ▎ Ubiquitous Solutions Adjusted 24.2 31.3 20.0 -11.3 -36.2 Decline from the pullback of last year’s large lot deals Operating Profi
Slide 40: Change vs. Medium-Term Management Plan
Change vs. Medium-Term Management Plan (Billions of yen) Change vs. FY2025 Medium-term (Forecast) Management Plan Revenue 3,450.0 -340.0 Adj. Operating Total Profit 360.0 -60.0 ▍ Service Solutions [%] [10.4%] [-0.7%] Sales revenue decreased, mainly outside of Japan, Revenue 2,330.0 -70.0 due to th
Slide 41: Cash Flows
Cash Flows (Billions of yen) FY2024 FY2025 Change 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 -145.0 -77.0 M&A related expenditures -19.5 Free Cash Flow 214.7 380.0
Slide 42: Capital Allocation & Shareholder Returns
Capital Allocation & Shareholder Returns 42 © 2025 Fujitsu Limited
Slide 43: Base Cash Flows
Base Cash Flows ▎ Progress on Capital Allocation Growth investments/ lease expenses One-time gains/losses Base CF FCF Core FCF Source of capital allocation Ordinary cash flow excluding one-time gains/losses (*1) Free cash flow before growth from free cash flow investments (*1) Restructuring, busines
Slide 44: Progress of Capital Allocation
Progress of Capital Allocation ▎ On track to generate 1,300 billion yen in cash in accordance with the Medium-Term Management Plan ▎ Implementing capital allocation for business growth investments and shareholder returns in accordance with the Medium-Term Management Plan (Billions of yen) 280.0 202.
Slide 45: Shareholder Returns: Dividends
Shareholder Returns ▎ Dividends: stable and steady increases FY2023 FY2024 FY2025 10 years of dividend increases since FY2015 Per share （Actual） （Actual） （Forecast） • Dividends per share Interim 13 yen 14 yen 15 yen (yen) 30 Year-end 13 yen 14 yen 15 yen 26 28 24 22 Annualized 26 yen 28 yen 30 yen 1
Slide 46: Shareholder Returns: Share Buybacks
Shareholder Returns (Billions of yen) ▎ Share buybacks: executing according to plan ▎ Total shareholder returns FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 FY23-25 （Actual） （Actual） （Forecast） （Actual） （Actual） （Forecast） Total Buyback Dividends 48.4 50.5 52.4 151.3 103.1 180.0 170.0 amount Stock buyb
Slide 47: Changes in Financial Indicators (EPS, ROE, ROIC)
Changes in Financial Indicators (EPS, ROE, ROIC) ▎Adjusted EPS （Unit: yen） ▎Adjusted ROE ▎Adjusted ROIC Conventional: Only continuing operations: 142.5 132.6 125.6 129.4 14.1% 12.1% 13.8% 10.7% 105.1 13.7% 122.2 9.8% 9.7% 97.6 13.3% 12.8% 8.8% 9.2% 86.6 12.9% 77.9 12.7% 7.6% 90.7 FY22-25 CAGR 11% CA
Slide 48: Index Related to Stock Prices
Index Related to Stock Prices ▎Stock price （Unit: yen） ▎PER （Unit: price multiple） ▎PBR （Unit: price multiple） 2,951 23.9 3.0 2,490 19.8 2.6 1,783 18.0 2.3 1,841 2.2 2.1 15.7 15.6 1,600 12.2 1.6 975 End of End of End of End of End of End of FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24
Slide 49: Thank you
Thank you © 2025 Fujitsu Limited
Slide 50: 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 51: Supplementary
Supplementary 51 © 2025 Fujitsu Limited
Slide 52: Impact of Discontinued Operations (Consolidated PL)
Reclassification to discontinued operations Impact of Discontinued Operations (Consolidated PL) (Billions of yen) Before Reclassification Reclassification Amount Continuing Operations Adjusted Consolidated Results FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 Revenue 3,756.0 3,835.9 -279.0 -285.8 3,476.
Slide 53: Breakdown by Sub-Segment
Financial Results Breakdown by Sub-Segment (Billions of yen) Change vs. FY2023 FY2024 Change (％) Previous Forecast Revenue 2,137.5 2,245.9 108.4 5.1 15.9 Service Adjusted Operating 237.2 289.9 52.7 22.2 9.9 Solutions Profit [%] [11.1%] [12.9%] [1.8%] [0.3%] Revenue 480.3 511.2 30.9 6.4 -18.7 Global
Slide 54: Consolidated PL by Quarter
Financial Results Consolidated PL by Quarter Adjusted Consolidated Results (Billions of yen) FY2023 FY2024 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Revenue 734.2 838.6 862.3 1,041.7 3,476.9 759.2 792.8 855.8 1,142.1 3,550.1 Continuing Adjusted Operating Profit 0.3 41.1 64.6 159.2 265.3 16.5 49.5 71.0 170
Slide 55: Business Segment Information by Quarter
Financial Results Business Segment Information by Quarter (Billions of yen) FY2023 FY2024 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Service Revenue 465.4 518.7 537.8 615.5 2,137.5 501.6 515.9 545.5 682.8 2,245.9 Solutions Adj. Operating Profit 20.9 42.5 52.8 120.8 237.2 34.9 53.7 72.8 128.4 289.9 Global R
Slide 56: Adjusted Items by Quarter
Financial Results Adjusted Items by Quarter (Billions of yen) FY2023 FY2024 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Adjusted Operating Profit 0.3 41.1 64.6 159.2 265.3 16.5 49.5 71.0 170.1 307.2 Adjusted items from GAAP Operating Profit -4.4 -2.3 -65.4 -43.7 -116.0 -2.2 -20.8 -8.2 -10.8 -42.1 One-time P
Slide 57: Fujitsu Uvance
Financial Results Fujitsu Uvance (Billions of yen) FY2024 Change 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Vertical 33.4 45.7 46.9 70.9 197.0 20.2 21.6 16.2 14.4 72.6 Horizontal 75.7 68.1 78.4 129.1 351.5 16.0 -5.9 15.3 31.8 57.3 Orders (%) 150% 116% 134% 130% 131% Total 109.2 113.8 125.4 200.0 548.6 36.3
Slide 58: Breakdown of Regions (International)
Financial Results Breakdown of Regions (International) (Billions of yen) FY2023 FY2024 Change Revenue 604.1 589.7 -14.4 Regions (International) Adj. Operating Profit 10.3 23.9 13.6 Revenue 419.1 390.4 -28.6 Europe Adj. Operating Profit 2.3 16.0 13.6 Revenue 54.1 56.9 2.8 Americas Adj. Operating Prof
Slide 59: Adjusted items from GAAP Free Cash Flow by quarter
Financial Results Adjusted items from GAAP Free Cash Flow by quarter (Billions of yen) FY2023 FY2024 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Core Free Cash Flow 182.8 -91.7 -16.0 122.1 197.2 167.7 -74.0 -51.3 191.1 233.6 Adjusted items from GAAP Free Cash Flow -57.2 0.7 50.9 -39.7 -45.2 -37.2 -8.2 -20.0
Slide 60: Assumptions Used for FY2025 Forecasts: Exchange Rates
Earnings Forecast Assumptions Used for FY2025 Forecasts 1. Exchange Rates (Averages) and Impact of Fluctuations Impact of Exchange Rate FY2023 FY2024 FY2025 Fluctuations (Actual) (Actual) (Forecast) FY2025 (Forecast)* U.S. dollar / Yen 145 153 140 -1.1 Billion yen Euro / Yen 157 164 150 0.1 Billion
Slide 61: Assumptions Used for FY2025 Forecasts: Capex, Depreciation, R&D
Earnings Forecast Assumptions Used for FY2025 Forecasts 2. Capital Expenditures and Depreciation （Property, Plant and Equipment） (Billions of yen) FY2023 FY2024 FY2025 (Actual) (Actual) (Forecast) Service Solutions 31.5 25.0 30.0 Hardware Solutions 10.9 11.3 10.0 Ubiquitous Solutions - - - Inter-seg