Slide 1: 2Q FY2021 Consolidated Financial Results
2Q FY2021 Consolidated Financial Results October 27, 2021 Fujitsu Limited Copyright 2021 FUJITSU LIMITED
Slide 2: Contents
Contents １．Financial Results for 1H FY2021 ２．Earnings Forecast for FY2021 2 Copyright 2021 FUJITSU LIMITED
Slide 3: Financial Results for 1H FY2021
１．Financial Results for 1H FY2021 3 Copyright 2021 FUJITSU LIMITED
Slide 4: Summary of 1H FY2021
1.Financial Results for 1H FY2021 Summary of 1H FY2021 Both revenue and operating profit for the first half increased from the previous year • Revenue: 1,663.0 billion yen Increase of 31.1 billion yen (2%) • Operating Profit: 81.4 billion yen Increase of 19.2 billion yen (30%) There has been a gradu
Slide 5: Consolidated PL[1H]
1.Financial Results for 1H FY2021 Consolidated PL[1H] (Billions of yen) 1H FY2020 1H FY2021 Change （Actual） （Actual） (%) Revenue 1,631.8 1,663.0 31.1 1.9 Excl. restructuring 1,604.6 1,663.0 58.3 3.6 Impact of restructuring * 27.1 - -27.1 -100.0 Operating Profit 62.2 81.4 19.2 30.9 [Operating Profit
Slide 6: Consolidated PL[2Q]
1.Financial Results for 1H FY2021 Consolidated PL[2Q] (Billions of yen) FY2021 (Actual） Change 1Q 2Q 1H 1Q 2Q 1H Revenue 801.9 861.0 1,663.0 -0.8 31.9 31.1 Excl. restructuring 801.9 861.0 1,663.0 12.3 46.0 58.3 Impact of restructuring * - - - -13.1 -14.0 -27.1 Operating Profit 33.7 47.7 81.4 11.4 7.
Slide 7: Factors Behind Change in Operating Profit
1.Financial Results Factors Behind Change in for 1H FY2021 Operating Profit (Billions of yen) Excl. Restructuring and special items ･ Revenue +58.3 ･Operating Profit +7.7 Reactions to special Items in FY20 +4.8 Special Items for FY21 +4.9 81.4 Impact of restructuring +1.6 Improvement in Increase in
Slide 8: Revenue by Segments (Excl. restructuring)
1.Financial Results Revenue by Segments for 1H FY2021 (Excl. restructuring) (Billions of yen) 1H FY2020 1H FY2021 Impact of Change global chip （Actual） （Actual） shortage Excl. restructuring 1,604.6 1,663.0 58.3 -14.9 Technology Solutions 1,382.3 1,412.8 30.4 -14.9 Solutions/Services 838.9 845.4 6.5
Slide 9: Overall orders in Japan
1.Financial Results Overall orders in Japan for 1H FY2021 (Fujitsu Limited and Fujitsu Japan Limited) FY2020(Actual) FY2021(Actual) ［Excl. 1Q 2Q 1H 2H 1Q 2Q 1H Orders for PC］ Private Enterprise [Manufacturing & Distribution] 93% 82% 88% 97% 91% 101% 96% [96%] Finance＆Retail 90% 83% 86% 94% 109% 95%
Slide 10: Profitability Improvement
1.Financial Results Profitability Improvement for 1H FY2021 Gross Profit Margin: 30.2% An improvement of 0.9% over the previous year • Solutions/Services: ↗ …Changes in system development, delivery, support operations (Agile development, Japan Global Gateway, remote support) • System Platforms: ↘ …I
Slide 11: Operating Expenses
1.Financial Results Operating Expenses for 1H FY2021 Operating Expenses: 422.6 billion yen Increase of 21.2 billion yen over the previous year • Growth Investments 36.0 billion yen • Operating expenses 27.0 billion yen (Increase of 22.0 billion yen over the previous year) • Capital investments 9.0 b
Slide 12: Global Chip Shortage
1.Financial Results for 1H FY2021 Global Chip Shortage Impacts of Component Supply Delays: Revenue -14.9 billion yen, Operating profit -7.1 billion yen • Impacts of component supply delays due to semiconductor shortages were primarily felt in the second quarter 1. Impact of delayed revenue System Pr
Slide 13: Business Segment Information[1H]
1.Financial Results Business Segment for 1H FY2021 Information[1H] (Billions of yen) 1H FY2020 1H FY2021 Change （Actual） （Actual） (%) Technology Revenue 1,393.0 1,412.8 19.7 1.4 Solutions OPPL 44.4 41.1 -3.2 -7.3 Revenue 153.2 116.6 -36.6 -23.9 Ubiquitous Solutions OPPL 6.7 5.0 -1.6 -24.6 Revenue 13
Slide 14: Business Segment Information[1H]: Technology Solutions
1.Financial Results Business Segment for 1H FY2021 Information[1H] Technology Solutions (Billions of yen) [Revenue] Technology 1H FY2020 1H FY2021 Revenue increased overall, because increases in revenue in Change Solutions/Services and in Network Products were able to cover the Solutions (Actual) (A
Slide 15: Business Segment Information[1H]: Solutions/Services
1.Financial Results Business Segment for 1H FY2021 Information[1H] Technology Solutions (Solutions/Services） (Billions of yen) [Revenue] Revenue increased, primarily from manufacturing and Solutions/ 1H FY2020 1H FY2021 telecom carrier customers Change Services (Actual) (Actual) (%) [Operating Profi
Slide 16: Business Segment Information[1H]: System Platforms
1.Financial Results Business Segment for 1H FY2021 Information[1H] Technology Solutions (System Platforms) (Billions of yen) [Revenue] (System Products) System 1H FY2020 1H FY2021 Revenue declined due to the fall-off from last year’s revenue Change for the supercomputer Fugaku, in addition to delays
Slide 17: Business Segment Information[1H]: International Regions Excluding Japan
1.Financial Results Business Segment for 1H FY2021 Information[1H] Technology Solutions（International Regions Excluding Japan） (Billions of yen) [Revenue] International Excluding the impact of restructuring and the boost to 1H FY2020 1H FY2021 Regions Change revenue from foreign exchange rate moveme
Slide 18: Business Segment Information[1H]: Common
1.Financial Results Business Segment for 1H FY2021 Information[1H] Technology Solutions（Common） (Billions of yen) 1H FY2020 1H FY2021 Common Change (Actual) (Actual) Operating profit -18.3 -36.4 -18.0 Investments in Fujitsu’s internal transformation undertaken according to plan • Internal DX investm
Slide 19: Two Business Areas for Value Creation (Technology Solutions)
1.Financial Results Two Business Areas for Value Creation for 1H FY2021 (Technology Solutions) ■For Growth … Digital（DX、Modernization） The digital domain which encompasses areas of business opportunity for our customers ■For Stability … Traditional IT（Maintenance and operation of systems and sales o
Slide 20: Business Segment Information[1H]: Ubiquitous Solutions
1.Financial Results Business Segment for 1H FY2021 Information[1H] Ubiquitous Solutions (Billions of yen) [Revenue] Business restructuring: -16.4 billion yen Ubiquitous 1H FY2020 1H FY2021 -> Impact of excluding the mobile phone retail store business Change from the consolidated results Solutions (A
Slide 21: Business Segment Information[1H]: Device Solutions
1.Financial Results Business Segment for 1H FY2021 Information[1H] Device Solutions (Billions of yen) [Revenue] Device 1H FY2020 1H FY2021 In line with the rise in demand for semiconductors, the trend in Change revenue from electronic components continues to be strong Solutions (Actual) (Actual) (%)
Slide 22: Cash Flows
1.Financial Results for 1H FY2021 Cash Flows （Billions of yen） 1H FY2020 1H FY2021 Change （Actual） （Actual） Ⅰ Cash flows from operating activities 156.9 172.0 15.0 Ⅱ Cash flows from investing activities -44.1 -67.9 -23.7 Ⅰ+Ⅱ Free Cash Flow 112.7 104.0 -8.7 Ⅲ Cash flows from financing activities -75.
Slide 23: Assets, Liabilities and Equity
1.Financial Results for 1H FY2021 Assets, Liabilities and Equity (Billions of yen) Year-end End of 2Q Change FY2020 FY2021 Total Assets 3,190.2 3,052.1 -138.0 Total Liabilities 1,643.3 1,470.7 -172.5 Total Equity 1,546.9 1,581.4 34.5 Total Equity Attributable to Owners of the Parent 1,450.1 1,472.2
Slide 24: Earnings Forecast for FY2021
2． Earnings Forecast for FY2021 24 Copyright 2021 FUJITSU LIMITED
Slide 25: Financial Forecast
2.Earnings Forecast for FY2021 Financial Forecast (Billions of yen) FY2021(Forecast) FY2020 Current Change vs. Change （Actual） Previous (%) Forecast Forecast Revenue 3,589.7 3,630.0 - 40.2 1.1 Operating Profit 266.3 275.0 - 8.6 3.3 [Operating Profit Margin] [7.4%] [7.6%] [-%] [0.2%] Profit for the Y
Slide 26: Business Segment Information
2.Earnings Forecast for FY2021 Business Segment Information ・Revised in light of the impact of the global semiconductor supply shortage Technology Solutions: We take a conservative view of the risk of greater component supply delays Device Solutions: Forecasts increased in light of the very strong d
Slide 27: Business Segment Information: Breakdown of Technology Solutions
2.Earnings Forecast Business Segment Information for FY2021 Breakdown of Technology Solutions (Billions of yen) FY2021（Forecast） FY2020 Current Change vs. Change （Actual） Previous (%) Forecast Forecast Technology Revenue 3,087.7 3,150.0 -50.0 62.2 2.0 Solutions OPPL 193.2 220.0 -20.0 26.7 13.8 Solut
Slide 28: Cash Flows
2.Earnings Forecast for FY2021 Cash Flows Free Cash Flow (Billions of yen) Change vs. FY2020 FY2021 Previous (Actual) (Forecast) Forecast Free Cash Flow 236.3 210.0 - 28 Copyright 2021 FUJITSU LIMITED
Slide 29: Thank you
Thank you
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
Slide 31: Supplementary
Supplementary 31 Copyright 2021 FUJITSU LIMITED
Slide 32: Business Segment Information[2Q]
(Supplementary) Financial Results Business Segment for 1H FY2021 Information[2Q] (Billions of yen) 2Q FY2020 2Q FY2021 Change （Actual） （Actual） (%) Technology Revenue 709.5 725.7 16.2 2.3 Solutions OPPL 31.0 24.1 -6.8 -22.1 Revenue 80.6 62.7 -17.8 -22.2 Ubiquitous Solutions OPPL 3.1 3.4 0.2 7.6 Reve
Slide 33: Business Segment Information [Quarterly Breakdown of Results]
(Supplementary) Financial Results Business Segment Information for 1H FY2021 [Quarterly Breakdown of Results] (Billions of yen) FY2020 (Actual) FY2021 (Actual) 1Q 2Q 3Q 4Q 1Q 2Q Technology Revenue 683.5 709.5 765.9 928.7 687.0 725.7 Solutions OPPL 13.3 31.0 53.5 95.3 17.0 24.1 Solutions/ Revenue 394
Slide 34: Two Business Areas for Value Creation [Technology Solutions 2Q]
(Supplementary) Financial Results Two Business Areas for Value Creation for 1H FY2021 [Technology Solutions 2Q] (Billions of yen) 2Q FY2020 (Actual) 2Q FY2021 (Actual) Change For For For For For For Total Total Total Growth Stability Growth Stability Growth Stability Technology Growth Rate 102% 102%
Slide 35: Two Business Areas for Value Creation [Technology Solutions 1H]
(Supplementary) Financial Results Two Business Areas for Value Creation for 1H FY2021 [Technology Solutions 1H] (Billions of yen) 1H FY2020 (Actual) 1H FY2021 (Actual) Change For For For For For For Total Total Total Growth Stability Growth Stability Growth Stability Technology Growth Rate 97% 103%
Slide 36: Business Segment Information: Revenue Breakdown In and Outside Japan 2Q
(Supplementary) Financial Results Business Segment Information for 1H FY2021 [Revenue Breakdown-In and Outside Japan 2Q] (Billions of yen) 2Q FY2020 2Q FY2021 Change (Actual) (Actual) (％) Revenue 709.5 725.7 16.2 2.3 Technology Solutions Japan 514.3 514.5 0.1 - Outside Japan 195.1 211.2 16.1 8.3 Rev
Slide 37: Business Segment Information: Revenue Breakdown In and Outside Japan 1H
(Supplementary) Financial Results Business Segment Information for 1H FY2021 [Revenue Breakdown-In and Outside Japan 1H] (Billions of yen) 1H FY2020 1H FY2021 Change (Actual) (Actual) (％) Revenue 1,393.0 1,412.8 19.7 1.4 Technology Solutions Japan 1,001.5 990.2 -11.2 -1.1 Outside Japan 391.5 422.5 3
Slide 38: Breakdown of International Regions Excluding Japan
(Supplementary) Financial Results Breakdown of International Regions for 1H FY2021 Excluding Japan (Billions of yen) Impact of 1H 1H Impact of 2Q FY2020 2Q FY2021 Change restructuring FY2020 FY2021 Change restructuring (Actual) (Actual) ［Revenue］ ［Revenue］ (Actual) (Actual) International Regions Rev
Slide 39: Assumption used for FY2021 Forecasts: Exchange Rates
(Supplementary) Earnings Forecast Assumption used for for FY2021 FY2021 Forecasts 1. Exchange Rates（Average）and Impact of Fluctuation FY2021 Impact of Exchange Rate FY2020 Change vs. Fluctuation (Actual) 1H 2H Previous 2H (Actual) (Forecast) Forecast (Forecast)* U.S. dollar / Yen 106 110 105 - -0.6
Slide 40: Assumption used for FY2021 Forecasts: Capex, Depreciation, R&D
(Supplementary) Earnings Forecast Assumption used for for FY2021 FY2021 Forecasts 2. Capital Expenditures and Depreciation （Property, Plant and Equipment） (Billions of yen) 1H Full year Change vs. FY2020 FY2021 FY2020 FY2021 Previous (Actual) (Actual) (Actual) (Forecast) Forecast Technology Solution