Fuji Electric Co., Ltd. · TSE:6504
Fuji Electric — Q2 2026 Earnings Presentation
28 slides from Fuji Electric's earnings presentation, Oct 29, 2026
Slide 1: Consolidated Financial Results for 1H FY2026
Consolidated Financial Results for 1H FY2026 Fuji Electric Co., Ltd. October 29, 2026 © Fuji Electric Co., Ltd.
Slide 2: Key Points
Key Points ■Financial Results for 1H FY2026 (YoY Comparison) Profit Attributable to Net Sales Operating Profit Operating Profit Ratio Owners of Parent 593.3 billion yen 59.8 billion yen 10.1% 42.1 billion yen (+50.2 billion yen, +9%) (+17.1 billion yen, +40%) (+2.2%) (+15.5 billion yen, +58%) • Net
Slide 3: Contents
Contents 1. 1H FY2026 Results (YoY Comparison) P. 4 2. 1H FY2026 Results (in Comparison to Forecast Announced on July 30, 2026) P.14 3. Balance Sheet, Cash Flow Statement P.16 4. FY2026 Forecasts P.19 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 3
Slide 4: Contents
Contents 1. 1H FY2026 Results (YoY Comparison) P. 4 2. 1H FY2026 Results (in Comparison to Forecast Announced on July 30, 2026) P.14 3. Balance Sheet, Cash Flow Statement P.16 4. FY2026 Forecasts P.19 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 4
Slide 5: Summary of Consolidated Financial Results for 1H FY2026
Summary of Consolidated Financial Results for 1H FY2026 (YoY Comparison) Net sales, operating profit, ordinary profit and profit attributable to owners of parent reached record highs (Billion yen) FY2025 FY2026 Change Percentage Change of Net Sales change Gain on translation of earnings of overseas
Slide 6: Factors Behind YoY Changes in Operating Profit
Factors Behind YoY Changes in Operating Profit in 1H FY2026 (YoY Comparison) 40％ increase in profit, with benefits of increase in sales and production volumes, differences in profitability between models, and cost reduction activities offsetting impacts of fixed cost increases and high material pric
Slide 7: Net Sales and Operating Profit by Segment
Net Sales and Operating Profit by Segment for 1H FY2026 (YoY Comparison) Performance driven by Energy and Industry segments (Billion yen) FY2025 FY2026 Change Operating Operating Operating Operating Operating Net Sales Net Sales Net Sales Profit Profit Ratio Profit Profit Ratio Profit Energy 166.1 1
Slide 8: Business Results by Segment: Energy
Business Results by Segment for 1H FY2026 (YoY Comparison) Operating profit ratio of 15%, ■Energy with higher net sales and operating results in all subsegments Percentage (Billion yen) FY2025 FY2026 Change change Overview ■Power Generation Higher net sales and operating results（Net sales +22%） • In
Slide 9: Business Results by Segment: Industry
Business Results by Segment for 1H FY2026 (YoY Comparison) Higher net sales and operating profit, driven primarily by increased demand for ■Industry FA components and ED&C Components Higher operating results in all subsegments (Billion yen) Percentage FY2025 FY2026 Change change Overview ■ Factory A
Slide 10: Business Results by Segment: Semiconductors
Business Results by Segment for 1H FY2026 (YoY Comparison) ■Semiconductors Lower profit due to decrease in demand for automotive semiconductors and increases in raw material prices (Billion yen) Percentage FY2025 FY2026 Change change Overview Net sales unchanged while operating results worsened • In
Slide 11: Business Results by Segment: Food and Beverage Distribution
Business Results by Segment for 1H FY2026 (YoY Comparison) ■Food and Beverage Distribution Decreased profit primarily due to lower domestic vending machine demand Percentage (Billion yen) FY2025 FY2026 Change change Overview Net Sales 52.4 50.8 -1.6 -3% ■Vending Machines Lower net sales and operatin
Slide 12: Net Sales by Japan and Overseas Area
Net sales by Japan and Overseas Area for 1H FY2026 (YoY Comparison) Higher sales in overseas, driven by strong performance in Energy segment Change FY2025 FY2026 Change Energy +21.5 (Billion yen) Industry +6.5 +50.2 Semiconductors 593.3 +10.4* +0.6 543.2 Overseas 153.4 181.3 +10.4* 28.0 Power Genera
Slide 13: Orders for 1H FY2026
Orders for 1H FY2026 Plant and Systems: Significant order growth in Power Supply and Facility Systems Components: Rising demand for ED&C Components and Semiconductors (Industrial) (Billion yen) Change Plant and Systems 837.5 +152.6 Energy +153.9 Energy Management ー Higher domestic demand for storage
Slide 14: Contents
Contents 1. 1H FY2026 Results (YoY Comparison) P. 4 2. 1H FY2026 Results (in Comparison to Forecast Announced on July 30, 2026) P.14 3. Balance Sheet, Cash Flow Statement P.16 4. FY2026 Forecasts P.19 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 14
Slide 15: 1H FY2026 Results in Comparison to July 30 Forecast
Consolidated Financial Results for 1H FY2026 (in Comparison to Forecast Announced on July 30, 2026) Lower net sales due to plant project delays Higher operating profit driven by increased demand for components, mainly in ED&C Components and Semiconductors (Industrial) (Billion yen) July 30 Forecast
Slide 16: Contents
Contents 1. 1H FY2026 Results (YoY Comparison) P. 4 2. 1H FY2026 Results (in Comparison to Forecast Announced on July 30, 2026) P.14 3. Balance Sheet, Cash Flow Statement P.16 4. FY2026 Forecasts P.19 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 16
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet for 1H FY2026 (in Comparison to the Balance Sheet as of March 31, 2026) Total assets decreased, mainly due to a decline in trade receivables, Inventories increased due to the strong performance of the Plant and Systems business Assets 3/31/26 9/30/26 Change Liabilities and
Slide 18: Cash Flow Statement for 1H FY2026
Cash Flow Statement for 1H FY2026 (YoY Comparison) (Billion yen) FY2025 FY2026 Factors of Change Improved, primarily driven by increased collection of trade Ⅰ Cash Flows from Operating Activities 35.9 82.8 receivables and advances received, as well as higher profit Decrease in cash used due to highe
Slide 19: Contents
Contents 1. 1H FY2026 Results (YoY Comparison) P. 4 2. 1H FY2026 Results (in Comparison to Forecast Announced on July 30, 2026) P.14 3. Balance Sheet, Cash Flow Statement P.16 4. FY2026 Forecasts P.19 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 19
Slide 20: Forecasts for Full-year FY2026 vs July 30 Forecasts
Forecasts for Full-year FY2026 (in Comparison to Forecasts Announced on July 30, 2026) Upward revisions based on the performance in six months ended September 30, 2026, and recent performance trend Assumed Exchange Rate on 2H FY2026 (Billion yen) July 30 Forecast October 29 Forecast Change US$ EURO
Slide 21: Forecasts for 2H FY2026 vs July 30 Forecasts
Forecasts for 2H FY2026 (in Comparison to Forecasts Announced on July 30, 2026) (Billion yen) July 30 Forecast October 29 Forecast Change Net Sales 706.0 756.7 50.7 Operating Profit 98.5 108.2 9.7 (Operating Profit Ratio) (14.0%) (14.3%) (0.3%) Ordinary Profit 100.0 108.9 8.9 Profit Attributable to
Slide 22: Forecasts for Full-year FY2026 (YoY Comparison)
Forecasts for Full-year FY2026 (YoY Comparison) Aiming for record-high net sales for the 5th consecutive period and record-high profit for the 7th consecutive period FY2026 Forecasts (Billion yen) FY2025 Results Change Percentage change (October 29 Forecast) Net Sales 1,227.6 1,350.0 -13.4* 122.4 +1
Slide 23: Contents
Contents 1. 1H FY2026 Results (YoY Comparison) P. 4 2. 1H FY2026 Results (in Comparison to Forecast Announced on July 30, 2026) P.14 3. Balance Sheet, Cash Flow Statement P.16 4. FY2026 Forecasts P.19 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 23
Slide 24: Dividend of Surplus
Dividend of Surplus Dividends determined targeting a payout ratio of 30% Interim dividend of ¥110 per share (up ¥19 year on year) and year-end dividend forecast of ¥130 (up ¥21 year on year) FY2023 FY2026 Medium-term Medium-term Management Plan Management Plan 1,500 Profit attributable to 117.0 400
Slide 25: Appendix
Appendix
Slide 26: Forecasts for 2H FY2026 (YoY Comparison)
Forecasts for 2H FY2026 (YoY Comparison) FY2026 Forecast FY2025 Results Change Percentage change (Billion yen) (October 29, 2026) Net Sales 684.4 756.7 -23.8* 72.2 +11% Operating Profit 93.9 108.2 -4.6* 14.3 +15% (Operating Profit Ratio) (13.7%) (14.3%) (0.6%) Ordinary Profit 97.6 108.9 11.3 +12% Pr
Slide 27: Appendix for Consolidated Financial Results
Appendix for Consolidated Financial Results for 1H FY2026 Latest Financial and Business Performance Data Please refer to the following https://www.fujielectric.com/common-resource-gl/ir/data/Appendix_E.xlsx © Fuji Electric Co., Ltd. 27
Slide 28: Disclaimer
1. These materials are outside the scope of auditing procedures required by law, and as of the date of this results presentation, financial statement auditing procedures required by law have not yet been completed. 2. Statements made in this documents or in the presentation to which they pertain reg