Slide 1: 3Q FY2025 Consolidated Financial Results
3Q FY2025 Consolidated Financial Results January 29, 2026 Fujitsu Limited 1 © 2026 Fujitsu Limited © 2026 Fujitsu Limited 1
Slide 2: Financial Results for 3Q FY2025
Financial Results for 3Q FY2025 2 © 2026 Fujitsu Limited © 2026 Fujitsu Limited 2
Slide 3: FY2025 First 9 Months Results: Overview
FY2025 First 9 Months Results: Overview Service Solutions (Billions of yen) ▎Revenue up from the previous year +6.1% vs. Actual basis excluding restructuring +7.5% Revenue 1,657.7 LY +6.1% Of which, business in Japan +10.4% (Excl. restructuring etc. +7.5%) Adjusted ▎In addition to the benefits of hi
Slide 4: Trend of Consolidated Adjusted Operating Profit
Trend of Consolidated Adjusted Operating Profit (Billions of yen) Cumulative Progress Progress vs. LY Percent Progress Over the Year 45% 64% +19％ vs. LY 229.1 +92.0 (+67％) (9.3％) Adjusted Operating Profit 137.1 (5.7%) (%) FY2024 FY2025 9 Months 4 © 2026 Fujitsu Limited Page 4 shows the progress we h
Slide 5: Business Segment Information (9 Months): Higher Profit in All Segments
Business Segment Information (9 Months): Higher Profit in All Segments (Billions of yen) 9 Months 9 Months Excl. vs. LY (%) restructuring FY2024 FY2025 etc. (%) Revenue 1,563.1 1,657.7 94.6 6.1 7.5 Service Solutions Adj. Operating Profit 161.5 216.1 54.5 33.8 [%] [10.3%] [13.0%] [2.7%] Hardware Reve
Slide 6: Business Segment Information by Quarter: Expanding Increases in Profits
Business Segment Information by Quarter: Expanding Increases in Profits (Billions of yen) FY2025 vs. LY 1Q 2Q 3Q 1Q 2Q 3Q Revenue 514.6 551.8 591.2 13.0 35.9 45.6 Service Solutions Adj. Operating Profit 47.8 71.7 96.4 12.8 18.0 23.6 [%] [9.3%] [13.0%] [16.3%] [2.3%] [2.6%] [3.0%] Hardware Revenue 20
Slide 7: Business Segment Information (Adjusted Operating Profit)
Business Segment Information (Adjusted Operating Profit) 7 © 2026 Fujitsu Limited Starting from slide 7 is a breakdown of the results for each segment. © 2026 Fujitsu Limited 7
Slide 8: Service Solutions
Service Solutions ◼ Service Solutions (Billions of yen) Excl. 9 Months 9 Months vs. LY (%) restructuring FY2024 FY2025 etc. (%) ▎ Revenue Revenue 1,563.1 1,657.7 94.6 6.1 7.5 Up 9% in Japan (Up 10% excluding restructuring) [Uvance] [321.7] [492.7] [171.0] [53.2] Strong growth in DX and modernizati
Slide 9: Quarterly Performance Trends
Service Solutions Quarterly Performance Trends (Billions of yen) 1,657.7 (+8％) 591.2 (+10％) [Japan +10%] [Japan +13%] Revenue 551.8 (+9％) [Japan +10%] FY2025(vs. LY) 514.6 (+4％) 1,563.1 [Japan] [Japan +8%] 545.5 vs. LY 515.9 +54.5 (+34％) FY2024 501.6 vs. LY +23.6 +18.0 216.1 +12.8 (13.0%) 161.5 Adju
Slide 10: Factors Behind Change in Adjusted Operating Profit
Service Solutions Factors Behind Change in Adjusted Operating Profit Revenue +94.6 / Adjusted Operating Profit +54.5 [+2.7％] (Billions of yen) +31.1 -11.2 [+1.9%] [-0.7%] 13.0% [+2.7％] +34.6 [+1.5%] Investment expansion, etc. 10.3% Improvement Uvance offerings in profitability modernization （Gross m
Slide 11: Orders (Japan)
Service Solutions Orders (Japan) Very strong demand continues in services in Japan, particularly in DX Excluding several large-scale multi-year projects, orders exceeded prior year’s levels in every segment FY2024 FY2025 [Excl. large-scale 1Q 2Q 3Q 4Q 1Q 2Q 3Q 9 Months deals] Japan 97% 101% 109% 111
Slide 12: Revenue + Order Backlog (Japan)
Service Solutions Revenue + Order Backlog (Japan) (Billions of yen) End of 3Q FY2025 FY2025 Amount Revenue Order needed to 9 Months Forecast Backlog achieve Revenue Total (Full year) (Sales expected revenue Actual from 4Q) forecast Revenue and 1,800.0 1,240.1 417.1 1,657.3 142.6 Order Backlog Annual
Slide 13: Orders (Outside Japan)
Service Solutions Orders (Outside Japan) Europe: Received large-scale multi-year data center-related upgrade orders Americas & Asia Pacific: Pullback from large-scale multi-year contracts in the prior year, mainly public sector projects FY2024 FY2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q 9 Months Europe 86% 84% 78%
Slide 14: Uvance
Service Solutions Uvance Annual Plan (Billions of yen) Orders 348.5 Up 45% 504.8 418.5 Up 31% 548.6 Up 31% 720.0 700.0 Up 45% 492.7 Vertical Up 53% 280.0 Vertical Up 31% 482.8 Vertical Vertical Up 60% 321.7 202.5 367.9 Vertical 175.2 Revenue Up 77% Horizontal 116.3 114.7 Horizontal Horizontal Horizo
Slide 15: Modernization
Service Solutions Modernization Annual Plan (Billions of yen) Orders 276.3 Down 6% 260.4 232.6 Up 65% 384.7 Up 7% 410.0 Modernization total 330.0 Up 11% Modernization 296.9 Modernization total 266.5 total Up 86% Service Up 43% Solutions Vertical Service 186.3 201.0 Up 15% 231.0 Service 174.2 160.0 R
Slide 16: Improvement in Profitability
Service Solutions Improvement in Profitability Improvements in Productivity and Generation of Added Value from Upgrades in Delivery Operations Improvement in profitability: +31.1 billion yen (Gross margin ratio +1.9%) ▎ Providing greater value and improving profitability from ▎ Trends in gross margi
Slide 17: Breakdown by Sub-Segment
Service Solutions Breakdown by Sub-Segment (Billions of yen) Excl. 9 Months 9 Months FY2024 FY2025 vs. LY (％) restructuring etc. (%) ▎ Global Solutions Revenue 1,563.1 1,657.7 94.6 6.1 7.5 • Higher sales, mainly from Uvance offerings Japan 1,141.2 1,240.1 98.8 8.7 10.4 • In addition to the benefit o
Slide 18: Hardware Solutions
◼ Hardware Solutions (Billions of yen) 9 Months 9 Months Excl. Excluding the impact of changes in revenue recognition, vs. LY (%) restructuring overall results are on par with the prior year FY2024 FY2025 etc. (%) Revenue 712.8 672.9 -39.9 -5.6 0.0 ◼ System products System Products 593.4 542.5 -50.9
Slide 19: Ubiquitous Solutions
◼ Ubiquitous Solutions (Billions of yen) 9 Months 9 Months ◼ Lower revenue because of the ending of higher demand vs. LY (%) FY2024 FY2025 stemming from the conclusion of Windows 10 support (October 2025), and because of a pullback from large- Revenue 181.4 177.9 -3.5 -1.9 scale deals in the prior y
Slide 20: Cash Flows, Assets, Liabilities and Equity
Cash Flows, Assets, Liabilities and Equity 20 © 2026 Fujitsu Limited Page 20. I will now talk about the status of the cash flows and the balance sheet. © 2026 Fujitsu Limited 20
Slide 21: Cash Flows (Consolidated)
Cash Flows (Consolidated) (Billions of yen) 9 Months 9 Months vs. LY FY2024 FY2025 Core Free Cash Flow * 42.4 175.7 133.2 * Ordinary free cash flow, excluding one-time cash inflows or outflows from such activities as business restructurings, structural reforms, and acquisitions or divestitures. ▎ Co
Slide 22: Assets, Liabilities and Equity (Consolidated)
Assets, Liabilities and Equity (Consolidated) (Billions of yen) Year-end End of vs. LY FY2024 3Q FY2025 Total Assets 3,497.8 3,212.9 -284.8 Total Liabilities 1,595.7 1,194.0 -401.6 Total Equity 1,902.0 2,018.8 116.8 Total Equity Attributable to Owners of the Parent 1,740.9 1,999.1 258.1 Reference: F
Slide 23: Earnings Forecast for FY2025
Earnings Forecast for FY2025 23 © 2026 Fujitsu Limited From page 23, I will discuss our forecast for fiscal 2025. © 2026 Fujitsu Limited 23
Slide 24: Financial Forecast (Adjusted)
Financial Forecast (Adjusted) : Upward revisions to results in light of improved performance in the first nine months from the impact of higher revenue and improved profitability (Billions of yen) FY2025 (Forecast) FY2024 Change vs. Current vs. LY (%) (Actual) Previous Forecast Forecast Revenue 3,55
Slide 25: Business Segment Information
Business Segment Information Upward revisions to all business segments (Billions of yen) FY2025 (Forecast) FY2024 Change vs. Current vs. LY (％) (Actual) Previous Forecast Forecast Revenue 2,245.9 2,350.0 20.0 104.0 4.6 Japan 1,656.2 1,800.0 - 143.7 8.7 Service Outside Japan 589.7 550.0 20.0 -39.7 -6
Slide 26: Quarterly Performance
Quarterly Performance (Billions of yen) FY2025 (Forecast) vs. LY 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Revenue 514.6 551.8 591.2 692.2 2,350.0 13.0 35.9 45.6 9.3 104.0 Japan 380.8 414.3 444.9 559.8 1,800.0 21.5 31.8 45.4 44.8 143.7 Service Solutions Outside Japan 133.7 137.5 146.3 132.3 550.0 -8.5 4.1
Slide 27: Progress of Adjusted Operating Income (Consolidated Total)
Progress of Adjusted Operating Income (Consolidated Total) 10.8% 11.0% 450.0 8.7% Record-High 400.0 Profit 9.0% 7.3% 7.6% 380.0 Adjusted 350.0 6.2% 6.6% 6.2% 7.0% Operating 307.2 Profit300.0 5.0% 265.3 Margin250.0 243.4 218.4 217.5 3.0% 200.0 199.8 Service 365.0 Solutions 98.2 1.0% Adjusted 150.0 10
Slide 28: Business Segment Information (Service Solutions)
Service Solutions Business Segment Information (Service Solutions) (Billions of yen) FY2025 (Forecast) FY2024 Change vs. Current vs. LY (％) （Actual） Previous Forecast Forecast Revenue 2,245.9 2,350.0 20.0 104.0 4.6 Service Adj. Operating Profit 289.9 365.0 5.0 75.0 25.9 Solutions [%] [12.9%] [15.5%]
Slide 29: Progress of Adjusted Operating Income
Service Solutions Progress of Adjusted Operating Income Compared to Medium-Term Expect to exceed the Medium-Term Management Plan Plan + 5.0 billion yen target (360.0 billion yen) by 5.0 billion yen 17.0% 450.0 15.5% 15.0% 400.0 12.9% Record-High Profit 13.0% Adjusted 350.0 11.1% 365.0 Operating 300.
Slide 30: Adjusted Items and Consolidated Results Prior to Adjustments
Adjusted Items and Consolidated Results Prior to Adjustments (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 R
Slide 31: Cash Flows
Cash Flows Expansion of cash flow exceeds the previous forecast by 35.0 billion yen, mainly because of higher profit (Billions of yen) FY2025 (Forecast) FY2024 Change vs. Current vs. LY (Actual) Previous Forecast Forecast Core Free Cash Flow 233.6 260.0 25.0 26.3 Adjusted items from GAAP Free Cash F
Slide 32: Shareholder Returns
Shareholder Returns ▌ Dividends: Cash flow increased by +35.0 billion yen. This entire amount will be allocated to shareholder returns and dividends will be boosted. 10 Years of Continuous Dividend Increase Per FY2023 FY2024 FY2025 [Forecast] ・Dividend per share (yen) 50 Share (Actual) (Actual) (Pr
Slide 33: Shareholder Returns
Shareholder Returns ▌ Share Buybacks: Implementing According to Plan (Billions of yen) FY23 FY24 FY25 （Actual） （Actual） （Forecast） Share buybacks 103.1 180.0 170.0 ▌ Total shareholder returns: The total return amount for the current mid-term plan period (FY23-25) is projected to be 639.3 billion yen
Slide 34: Thank you
Thank you © 2026 Fujitsu Limited © 2026 Fujitsu Limited 34
Slide 35: 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 36: Supplementary
Supplementary 36 © 2026 Fujitsu Limited © 2026 Fujitsu Limited 36
Slide 37: Continuing Operation
Financial Results Consolidated PL (9 Months) (Billions of yen) 9 Months FY2025 vs. LY Adjusted Adjusted Adjusted Consolidated Adjusted Consolidated Consolidated Consolidated Items Results Items Results Results Results Revenue 2,451.1 - 2,451.1 43.1 - 43.1 Operating Profit 229.1 -18.1 211.0 92.0 13.1
Slide 38: Continuing Operation
Financial Results Consolidated PL by Quarter Adjusted Consolidated Results (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Revenue 759.2 792.8 855.8 1,142.1 3,550.1 749.8 816.6 884.6 Adjusted Operating Profit 16.5 49.5 71.0 170.1 307.2 35.1 86.2 107.8 Continuing Operation [Adjusted Operat
Slide 39: Adjusted Items by Quarter
Financial Results Adjusted Items by Quarter (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Adjusted Operating Profit 16.5 49.5 71.0 170.1 307.2 35.1 86.2 107.8 Adjusted items from GAAP Operating Profit -2.2 -20.8 -8.2 -10.8 -42.1 -1.6 -14.3 -2.1 One-time Profit/Loss from business transfe
Slide 40: Business Segment Information by Quarter
Financial Results Business Segment Information by Quarter (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Service Revenue 501.6 515.9 545.5 682.8 2,245.9 514.6 551.8 591.2 Solutions Adj. Operating Profit 34.9 53.7 72.8 128.4 289.9 47.8 71.7 96.4 Global Revenue 129.0 117.6 120.3 144.2 511.
Slide 41: Uvance
Financial Results Uvance (Billions of yen) FY2025 vs. LY 1Q 2Q 3Q 9 Months 1Q 2Q 3Q 9 Months vs LY(%) 145% 185% 161% 165% Vertical 48.4 84.5 75.3 208.2 14.9 38.7 28.4 82.1 vs LY(%) 105% 156% 141% 133% Orders Horizontal 79.2 106.4 110.8 296.5 3.5 38.3 32.3 74.1 vs LY(%) 117% 168% 148% 145% Total 127.
Slide 42: Breakdown of Regions (International)
Financial Results Breakdown of Regions (International) (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Revenue 142.2 133.4 146.1 167.8 589.7 133.7 137.5 146.3 Regions (International) Adj. Operating Profit -0.5 3.8 9.1 11.5 23.9 7.1 9.6 6.2 Revenue 92.8 90.4 97.3 109.7 390.4 94.0 91.6 104.
Slide 43: 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 3Q Core Free Cash Flow 167.7 -74.0 -51.3 191.1 233.6 230.3 -66.0 11.5 Adjusted items from GAAP Free Cash Flow -37.2 -8.2 -20.0 46.6 -18.9 171.4 90.9 -47.8 Business transfers -
Slide 44: Assumptions Used for FY2025 Forecasts
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) 9 Months 4Q Previous 4Q (Actual) (Forecast) Forecast (Forecast)* U.S. dollar / Yen 153 149 150 10 -0.3 Billion yen Euro /
Slide 45: Assumptions Used for FY2025 Forecasts
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) 9 Months Full year Change vs. FY2024 FY2025 FY2024 FY2025 Previous (Actual) (Actual) (Actual) (Forecas