Slide 1: 3Q FY2024 Consolidated Financial Results
3Q FY2024 Consolidated Financial Results January 31, 2025 Fujitsu Limited 1 © 2025 Fujitsu Limited
Slide 2: Financial Results for 3Q FY2024
Financial Results for 3Q FY2024 2 © 2025 Fujitsu Limited
Slide 3: FY2024 First 9 Months Results: Overview
FY 2024 First 9 Months Results: Overview (Billions of yen) ▍ Revenue up 2.7% from the previous year Service Solutions ・Revenue in Japan up 6%: Driven by DX and modernization vs ・Revenue outside Japan down 5%: Carve out of Revenue 1,563.1 LY +2.7% low profitability businesses Adjusted vs ▍ In additio
Slide 4: Business Segment Information
Business Segment Information (Billions of yen) 9 Months 9 Months Change (%) FY2023 FY2024 Revenue 1,522.0 1,563.1 41.0 2.7 Service Solutions Adj. Operating Profit 116.3 161.5 45.2 38.9 [%] [7.6%] [10.3%] [2.7%] Hardware Revenue 748.0 712.8 -35.1 -4.7 Solutions Adj. Operating Profit 37.1 14.1 -23.0 -
Slide 5: Consolidated PL (9 Months)
Consolidated PL (9 Months) Adjusted Consolidated Results (Billions of yen) 9 Months 9 Months Change (％) FY2023 FY2024 Revenue 2,642.7 2,621.4 -21.2 -0.8 Adjusted Operating Profit 118.8 157.6 38.7 32.6 [Adjusted Operating Profit Margin] [4.5%] [6.0%] [1.5%] Adjusted Profit for the period 92.6 107.0 1
Slide 6: Business Segment Information (Adjusted)
Business Segment Information (Adjusted) 6 © 2025 Fujitsu Limited
Slide 7: Service Solutions
Service Solutions ◼ Service Solutions (Billions of yen) 9 Months 9 Months Change (%) ▎ Revenue FY2023 FY2024 Up 6% in Japan: Strong growth in DX and modernization Revenue 1,522.0 1,563.1 41.0 2.7 deals [Fujitsu Uvance] [247.3] [321.7] [74.3] [30.1] Down 5% outside of Japan: Lower revenue from th
Slide 8: Factors Behind Change in Adjusted Operating Profit
Service Solutions Factors Behind Change in Adjusted Operating Profit (Billions of yen) Revenue +41.0 / Adjusted Operating Profit +45.2 +38.8 -19.0 10.3% +25.4 Investment 7.6% Improvement expansion, etc. (Development cost of in profitability Fujitsu Uvance, etc.) （Gross margin ratio +2.6%) FY23 33.3%
Slide 9: Orders in Japan
Service Solutions Orders in Japan 3Q: Strong growth in all areas, with expansion mainly in DX and modernization deals First half: There was a pull back in the public sector because of large-scale multi-year contract orders in the first half of the previous year (Reference) FY2023 FY2024 FY22~FY24 9
Slide 10: Orders Outside Japan
Service Solutions Orders Outside Japan Europe: Pullback from multi-year contract orders in the first half of the previous year Americas: Won multi-year deals for Business Applications in the third quarter Asia Pacific: In the Oceania region won multiple public sector new deals and renewals (Referenc
Slide 11: Fujitsu Uvance
Service Solutions Fujitsu Uvance Period of the (Billions of yen) Up 56% Medium-Term Management Orders Up 32% 348.5 Up 22% 264.9 Plan FY25 700.0 increase Up 84% 450.0 Vertical 321.7 367.9 180.0 400.0 Up 30% Revenue 247.3 Vertical 114.7 116.3 64.4 increase Vertical Up 78% Horizontal Horizontal 206.9 2
Slide 12: Modernization
Service Solutions Modernization *Excludes Fujitsu Uvance Expansion of demand in modernization business driven by DX and cloud conversions Progress in the strategic shift to DX from legacy assets and creation of new markets and a broadening of sales (Billions of yen) 9 Months FY2024 Change (%) Ch
Slide 13: Improvement in Profitability and Growth Investments
Service Solutions Improvement in Profitability and Growth Investments Improvement in profitability: +38.8 billion yen Investment expansion: -19.0 billion yen Aggressive investments for growth ▎ Trends in gross margin Up 2.6％ Development of offerings Aggregation of modernization Uvance knowledge 35
Slide 14: Breakdown by Sub-segment
Service Solutions Breakdown by Sub-segment (Billions of yen) 9 Months 9 Months ▎ Global Solutions Change (％) FY2023 FY2024 Higher revenue, primarily from Fujitsu Uvance Revenue 1,522.0 1,563.1 41.0 2.7 Service Adjusted Operating Investment in development of offerings and also in 116.3 161.5 45.2 38.
Slide 15: Progress of Profit Plan
Service Solutions Progress of Profit Plan (Billions of yen) Cumulative Percent Progress Progress Progress Progress Progress Progress Progress Over the Year 9% 13% 27% 32% 49% 58% 12.6% 11.1% 10.3% 7.6% 280.0 8.7% 237.2 Adjusted Operating Profit Margin (%) 6.4% 161.5 7.0% 116.3 Adjusted Operating 88.
Slide 16: Hardware Solutions and Ubiquitous Solutions
◼ Hardware Solutions (Billions of yen) 9 Months 9 Months Change (%) ◼ System Products FY2023 FY2024 • Lower revenue from the pullback of large-scale Revenue 748.0 712.8 -35.1 -4.7 server and storage deals in Japan (public sector) System Products 629.1 593.4 -35.7 -5.7 • In addition to the impact of
Slide 17: Device Solutions and Inter-segment Elim./Corporate
◼ Device Solutions (Billions of yen) 9 Months 9 Months Change (%) FY2023 FY2024 Revenue 212.4 217.5 5.0 2.4 ◼ Improvement in factors, including positive foreign Adjusted 12.7 20.5 7.8 61.4 exchange movements Operating Profit [Adj. operating profit margin] [6.0%] [9.4%] [3.4%] ◼ Inter-segment Elim./
Slide 18: Adjusted Consolidated Results and Adjusted Items
Adjusted Consolidated Results and Adjusted items (Billions of yen) 9 Months FY2023 9 Months FY2024 Change Adjusted Adjusted Adjusted Adjusted Consolidated Adjusted Consolidated Adjusted Consolidated Consolidated Consolidated Consolidated Items Results Items Results Items Results Results Results Resu
Slide 19: Cash Flows, Assets, Liabilities and Equity
Cash Flows, Assets, Liabilities and Equity 19 © 2025 Fujitsu Limited
Slide 20: Cash Flows (Consolidated)
Cash Flows (Consolidated) (Billions of yen) 9 Months 9 Months Change FY2023 FY2024 Core Free Cash Flow * 75.0 42.4 -32.6 * Ordinary free cash flow, excluding one-time cash inflows or outflows from such activities as business restructurings, structural reforms, and acquisitions or divestitures.(Detai
Slide 21: Assets, Liabilities and Equity (Consolidated)
Assets, Liabilities and Equity (Consolidated) (Billions of yen) Year-end End of Change FY2023 3Q FY2024 Total Assets 3,514.8 3,462.0 -52.7 Total Liabilities 1,595.9 1,610.8 14.8 Total Equity 1,918.8 1,851.1 -67.6 Total Equity Attributable to Owners of the Parent 1,752.3 1,684.2 -68.1 Reference: Fina
Slide 22: Progress in Portfolio Transformation
Progress in Portfolio Transformation 22 © 2025 Fujitsu Limited
Slide 23: Portfolio Transformation (Carve-Outs of Non-Core Businesses)
Portfolio Transformation (Carve-Outs of Non-Core Businesses) ▎Shinko Electric Industries Co., Ltd. ・December 2023: Agreement signed to sell shares to JICC-04, Ltd. ・December 2024: Completion of necessary procedures for domestic and foreign competition laws ・February 2025: Planned commencement of ten
Slide 24: Portfolio Transformation Progress
Portfolio Transformation Progress (Billions of yen) Capital allocation in Medium-Term Plan ▎Base cash flow generation of 1,300.0 (FY2023-FY2025) billion yen over 3 years of the Medium- Growth Term Management plan is in sight Base Investments 700.0 Cash flow 1,300.0 Shareholder Returns 600.0 Continui
Slide 25: Past Performance and Medium-Term Plan of Continuing Operations
Past Performance and Medium-Term Plan of Continuing Operations (Billions of yen) Conventional Continuing Operations FY2022 FY2023 FY2024 FY2025 FY2022 FY2023 FY2024 FY2025 （Previous （Medium-Term （Previous （Medium-Term （Actual） （Actual） Forecast） Management （Actual） （Actual） Forecast） Management Plan
Slide 26: Earnings Forecast for FY2024
Earnings Forecast for FY2024 26 © 2025 Fujitsu Limited
Slide 27: Financial Forecast (Adjusted)
Financial Forecast (Adjusted) (Billions of yen) FY2024 (Forecast) FY2023 Change vs. Current Change (%) (Actual) Previous Forecast Forecast Revenue 3,469.7 3,470.0 45.0 0.2 - Adjusted Operating Profit 265.3 290.0 - 24.6 9.3 [Adjusted Operating Profit Margin] [7.6%] [8.4%] [-0.1%] [0.8%] Exchange Rate
Slide 28: Business Segment Information
Business Segment Information (Billions of yen) FY2024 (Forecast) FY2023 Change vs. Current Change (％) （Actual） Previous Forecast Forecast Revenue 2,137.5 2,230.0 - 92.4 4.3 Service Adj. Operating Profit 237.2 280.0 - 42.8 18.0 Solutions [%] [11.1%] [12.6%] [-%] [1.5%] Revenue 1,108.0 1,050.0 20.0 -5
Slide 29: 9 Months Cumulative Progress and 4Q Forecast
9 Months Cumulative Progress and 4Q Forecast (Billions of yen) FY2024 Change 9 Months 4Q Total 9 Months 4Q Total (Actual) (Forecast) (Forecast) Service Revenue 1,563.1 666.8 2,230.0 41.0 51.3 92.4 Solutions Adj. Operating Profit 161.5 118.4 280.0 45.2 -2.4 42.8 Hardware Revenue 712.8 337.1 1,050.0 -
Slide 30: Financial Forecast: Consolidated Results and Adjusted Items
Financial Forecast: Consolidated Results and Adjusted items (Billions of yen) FY2024 (Forecast) Change vs. Previous Forecast Adjusted Adjusted Adjusted Consolidated Adjusted Consolidated Consolidated Consolidated Items Results Items Results Results Results Revenue 3,470.0 - 3,470.0 45.0 - 45.0 Opera
Slide 31: Cash Flows
Cash Flows (Billions of yen) FY2024 (Forecast) FY2023 Change vs. Current Change (Actual) Previous Forecast Forecast Core Free Cash Flow 197.2 220.0 - 22.7 Free Cash Flow 151.9 220.0 - 68.0 31 © 2025 Fujitsu Limited
Slide 32: Thank you
Thank you © 2025 Fujitsu Limited
Slide 33: 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 34: Supplementary
Supplementary 34 © 2025 Fujitsu Limited
Slide 35: 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 Revenue 799.6 912.2 930.8 1,113.3 3,756.0 830.0 866.6 924.7 Adjusted Operating Profit 2.6 48.1 68.0 164.8 283.6 23.6 55.8 78.1 [Adjusted Operating Profit Margin] [0.3
Slide 36: Adjusted Items by Quarter
Financial Results Adjusted Items by Quarter (Billions of yen) FY2023 FY2024 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Adjusted Operating Profit 2.6 48.1 68.0 164.8 283.6 23.6 55.8 78.1 Adjusted items from GAAP Operating Profit -4.4 -2.3 -65.4 -51.1 -123.4 -2.2 -20.8 -9.2 One-time Profit/Loss from business transfer
Slide 37: 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 Service Revenue 465.4 518.7 537.8 615.5 2,137.5 501.6 515.9 545.5 Solutions Adj. Operating Profit 20.9 42.5 52.8 120.8 237.2 34.9 53.7 72.8 Global Revenue 104.2 113.4 113.7 148.8 480.
Slide 38: Fujitsu Uvance
Financial Results Fujitsu Uvance (Billions of yen) FY2024 Change FY2024 1Q 2Q 3Q 9 Months 1Q 2Q 3Q 9 Months (Forecast) Vertical 33.4 45.7 46.9 126.1 20.2 21.6 16.2 58.2 200.0 Horizontal 75.7 68.1 78.4 222.3 16.0 -5.9 15.3 25.4 310.0 Orders (%) 150% 116% 134% 132% 114% Total 109.2 113.8 125.4 348.5 3
Slide 39: Breakdown of Regions (International)
Financial Results Breakdown of Regions (International) (Billions of yen) FY2023 FY2024 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Revenue 141.0 147.4 157.1 158.5 604.1 142.2 133.4 146.1 Regions (International) Adj. Operating Profit -3.6 -2.5 3.0 13.5 10.3 -0.5 3.8 9.1 Revenue 96.8 102.1 109.8 110.3 419.1 92.8 90.4
Slide 40: 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 Core Free Cash Flow 182.8 -91.7 -16.0 122.1 197.2 167.7 -74.0 -51.3 Adjusted items from GAAP Free Cash Flow -57.2 0.7 50.9 -39.7 -45.2 -37.2 -8.2 -20.0 Business transfers -
Slide 41: Impact of discontinued operations
Reclassification to discontinued operations Impact of discontinued operations (Billions of yen) Conventional Reclassification Amount Continuing Operations Adjusted Consolidated Results FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 （Actual） （Forecast） （Medium-Term （Actual） （Forecast）
Slide 42: Reclassification of 9 months cumulative results for FY2024
Reclassification to discontinued operations (Reference) Reclassification of 9 months cumulative results for FY2024 (Billions of yen) Conventional Continuing Operations 9 Months 9 Months 9 Months 9 Months Change Change FY2023 FY2024 FY2023 FY2024 Revenue 2,642.7 2,621.4 -21.2 2,430.2 2,403.8 -26.3 To
Slide 43: Consolidated PL (Current Forecast)
Earnings Forecast (Continuing Business Base) Consolidated PL (Current Forecast) Adjusted Consolidated Results (Billions of yen) FY2024 (Forecast) FY2023 Current Change vs. Previous Change （Actual） Forecast Forecast Revenue 3,469.7 3,470.0 45.0 0.2 Adjusted Operating Profit 265.3 290.0 - 24.6 [Adjust
Slide 44: Business Segment Information (Service Solutions)
Earnings Forecast Business Segment Information (Service Solutions) (Billions of yen) FY2024 (Forecast) FY2023 Change vs. Current Change (％) （Actual） Previous Forecast Forecast Revenue 2,137.5 2,230.0 - 92.4 4.3 Service Adj. Operating Profit 237.2 280.0 - 42.8 18.0 Solutions [%] [11.1%] [12.6%] [-%]
Slide 45: Trend of Adjusted Operating Profit (Service Solutions)
Earnings Forecast Trend of Adjusted Operating Profit (Service Solutions) (Billions of yen) 1Q 2Q 3Q 4Q Total Adjusted Operating Profit 9.0 10.0 35.4 108.5 162.9 FY2022 （調整後営業利益率） [Adj. Operating profit margin] [2.0%] [2.2%] [7.4%] [18.2%] [8.2%] Ratio of Annual Total 5.5% 6.1% 21.7% 66.7% 100.0% Adj
Slide 46: Assumption used for FY2024 Forecasts: Exchange Rates
Earnings Forecast Assumption used for FY2024 Forecasts 1. Exchange Rates（Average）and Impact of Fluctuation FY2024 Impact of Exchange Rate FY2023 Change vs. Fluctuation (Actual) 9 Months 4Q Previous 4Q (Actual) (Forecast) Forecast (Forecast)* U.S. dollar / Yen 145 153 140 - -0.2 Billion yen Euro / Ye
Slide 47: Assumption used for FY2024 Forecasts: Capex, Depreciation, R&D
Earnings Forecast Assumption used for FY2024 Forecasts 2. Capital Expenditures and Depreciation （Property, Plant and Equipment） (Billions of yen) 9 Months Full year Change vs. FY2023 FY2024 FY2023 FY2024 Previous (Actual) (Actual) (Actual) (Forecast) Forecast Service Solutions 21.1 17.5 31.5 35.0 -