Slide 1: 3Q FY2021 Consolidated Financial Results
3Q FY2021 Consolidated Financial Results January 27, 2022 Fujitsu Limited Copyright 2022 FUJITSU LIMITED
Slide 2: Contents
Contents １．Financial Results for 3Q FY2021 ２．Earnings Forecast for FY2021 2 Copyright 2022 FUJITSU LIMITED
Slide 3: Financial Results for 3Q FY2021
１．Financial Results for 3Q FY2021 3 Copyright 2022 FUJITSU LIMITED
Slide 4: Summary of 3Q FY2021
1.Financial Results for 3Q FY2021 Summary of 3Q FY2021 • Revenue: 880.5 B yen Decrease of 1% from FY20 • Operating Profit: 65.1 B yen Decrease of 28.3 B yen (Operating Profit Margin: 7.4%) • Profit for the Period: 71.3 B yen Increase of 4.0 B yen ➢ Gradual recovery in demand, continued supply delays
Slide 5: Consolidated PL [3Q]
1.Financial Results for 3Q FY2021 Consolidated PL[3Q] (Billions of yen) 3Q FY2020 3Q FY2021 Change （Actual） （Actual） (%) Revenue 894.3 880.5 -13.8 -1.5 Excl. restructuring 888.7 880.5 -8.1 -0.9 Impact of restructuring * 5.6 - -5.6 - Operating Profit 93.4 65.1 -28.3 -30.3 [Operating Profit Margin] [1
Slide 6: Consolidated PL [9 Months]
1.Financial Results for 3Q FY2021 Consolidated PL[9 Months] (Billions of yen) 9 Months 9 Months FY2020 FY2021 Change （Actual） （Actual） (%) Revenue 2,526.2 2,543.5 17.3 0.7 Excl. restructuring 2,493.3 2,543.5 50.1 2.0 Impact of restructuring * 32.8 - -32.8 - Operating Profit 155.7 146.6 -9.0 -5.8 [Op
Slide 7: Factors Behind Change in Operating Profit [3Q]
1.Financial Results Factors Behind Change in for 3Q FY2021 Operating Profit [3Q] (Billions of yen) Excl. Restructuring and special items Special Items in FY20 ･ Revenue -8.1 ･Operating Profit -9.2 that did not recur in FY21 -25.4 Special Items for FY21 +5.8 Impact of restructuring +0.4 93.4 65.1 Inc
Slide 8: Factors Behind Change in Operating Profit [9 Months]
1.Financial Results Factors Behind Change in for 3Q FY2021 Operating Profit [9 Months] Excl. Restructuring and special items (Billions of yen) ･ Revenue 50.1 Special Items in FY20 ･Operating Profit -1.4 that did not recur in FY21 -20.5 Special Items for FY21 +10.8 Impact of restructuring + 2.0 155.7
Slide 9: Revenue by Segments [3Q] (Excl. restructuring)
1.Financial Results Revenue by Segments [3Q] for 3Q FY2021 (Excl. restructuring) (Billions of yen) Impact of 3Q FY2020 3Q FY2021 Change global chip （Actual） （Actual） shortage Excl. restructuring 888.7 880.5 -8.1 -24.8 Technology Solutions 762.9 738.1 -24.7 -24.8 Solutions/Services 458.0 437.5 -20.5
Slide 10: Overall Orders in Japan
1.Financial Results Overall Orders in Japan for 3Q FY2021 (Fujitsu Limited and Fujitsu Japan Limited) FY2021(Actual) 1Q 2Q 3Q 9 Months Private Enterprise [Manufacturing & Distribution] 91% 101% 101% 98% Finance＆Retail 109% 95% 105% 102% Japan Region ［Government & 91% 120% 89% 98% Social infrastructu
Slide 11: Profitability Improvement / Operating Expenses
1.Financial Results Profitability Improvement/ for 3Q FY2021 Operating Expenses GM Ratio ： 30.1％, +0.5％ vs FY20 9-Months +0.8% vs FY20 OPEX ： 205.4 B yen , +6.1B yen vs FY20 9-Months +27.4 B yen vs FY20 3Q 9-Months ・Growth Investments OPEX 13.0 B yen /+8.0 B yen vs FY20 40.0 B yen /+30.0 B yen vs FY
Slide 12: Global Chip Shortage
1.Financial Results for 3Q FY2021 Global Chip Shortage Impacts of Component Supply Delays: Revenue -24.8 B yen, OPPL -11.9 B yen ・Impacts of component supply delays due to semiconductor shortages continued into the third quarter, and the number of components affected increased 1.Postponed revenue ・S
Slide 13: Business Segment Information [3Q]
1.Financial Results Business Segment for 3Q FY2021 Information[3Q] (Billions of yen) 3Q FY2020 3Q FY2021 Change （Actual） （Actual） (%) Technology Revenue 765.9 738.1 -27.8 -3.6 Solutions OPPL 53.5 40.2 -13.2 -24.8 Revenue 80.2 60.8 -19.4 -24.2 Ubiquitous Solutions OPPL 29.7 0.6 -29.0 -97.7 Revenue 75
Slide 14: Business Segment Information [3Q]: Technology Solutions
1.Financial Results Business Segment for 3Q FY2021 Information[3Q] Technology Solutions (Billions of yen) [Revenue] Technology 3Q FY2020 3Q FY2021 Revenue was significantly impacted by component procurement Change delays. If this impact and the negative factors due to business Solutions (Actual) (Ac
Slide 15: Technology Solutions (Solutions/Services)
1.Financial Results Business Segment for 3Q FY2021 Information[3Q] Technology Solutions (Solutions/Services） (Billions of yen) [Revenue] While the Services business remained strong, there was a Solutions/ 3Q FY2020 3Q FY2021 sharp fall in business integrated with hardware Change Services (Actual) (A
Slide 16: Technology Solutions (System Platforms)
1.Financial Results Business Segment for 3Q FY2021 Information[3Q] Technology Solutions (System Platforms) [Revenue] (Billions of yen) (System Products) In addition to component supply delays, revenue fell due to a System 3Q FY2020 3Q FY2021 major business deal last year that did not recur this year
Slide 17: Technology Solutions (International Regions Excluding Japan)
1.Financial Results Business Segment for 3Q FY2021 Information[3Q] Technology Solutions（International Regions Excluding Japan） (Billions of yen) [Revenue] International 3Q FY2020 3Q FY2021 Impact of component supply delays: Regions Change -> European product business: -10.1 B yen Excluding Japan (Ac
Slide 18: Technology Solutions (Common)
1.Financial Results Business Segment for 3Q FY2021 Information[3Q] Technology Solutions（Common） (Billions of yen) 3Q FY2020 3Q FY2021 Common Change (Actual) (Actual) Operating profit -9.2 -15.4 -6.2 Investments in Fujitsu’s internal transformation undertaken according to plan: Actual investments: 7.
Slide 19: Two Business Areas for Value Creation (Technology Solutions)
1.Financial Results Two Business Areas for Value Creation for 3Q 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: Ubiquitous Solutions
1.Financial Results Business Segment for 3Q FY2021 Information[3Q] Ubiquitous Solutions (Billions of yen) [Revenue] Ubiquitous 3Q FY2020 3Q FY2021 Revenue fell relative to last year, due to the extraordinary Change demand last year relating to remote working and the GIGA Solutions (Actual) (Actual)
Slide 21: Device Solutions
1.Financial Results Business Segment for 3Q FY2021 Information[3Q] Device Solutions (Billions of yen) [Revenue] Device 3Q FY2020 3Q 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 3Q FY2021 Cash Flows （Billions of yen） 9 Months 9 Months FY2020 FY2021 Change （Actual） （Actual） Ⅰ Cash flows from operating activities 199.4 194.4 -4.9 Ⅱ Cash flows from investing activities -41.2 -85.0 -43.7 Ⅰ+Ⅱ Free Cash Flow 158.1 109.3 -48.7 Ⅲ Cash flows from financing ac
Slide 23: Assets, Liabilities and Equity
1.Financial Results for 3Q FY2021 Assets, Liabilities and Equity (Billions of yen) Year-end End of 3Q Change FY2020 FY2021 Total Assets 3,190.2 3,115.5 -74.6 Total Liabilities 1,643.3 1,473.1 -170.1 Total Equity 1,546.9 1,642.4 95.5 Total Equity Attributable to Owners of the Parent 1,450.1 1,525.5 7
Slide 24: Earnings Forecast for FY2021
2． Earnings Forecast for FY2021 24 Copyright 2022 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 (Forecast)
2.Earnings Forecast for FY2021 Business Segment Information Technology Solutions: Changes reflect an increased risk of component supply delays and weak orders from local governments, educational institutions, and SMEs Device Solutions : Forecasts increased in light of the very strong demand environm
Slide 27: Breakdown of Technology Solutions (Forecast)
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 3,100.0 -50.0 12.2 0.4 Solutions OPPL 193.2 205.0 -15.0 11.7 6.1 Soluti
Slide 28: Cash Flows (Forecast)
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 2022 FUJITSU LIMITED
Slide 29: Thank you
Thank you Copyright 2022 FUJITSU LIMITED
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 2022 FUJITSU LIMITED
Slide 32: Business Segment Information [9 Months]
(Supplementary) Financial Results Business Segment for 3Q FY2021 Information[9 Months] (Billions of yen) 9 Months 9 Months FY2020 FY2021 Change (%) （Actual） （Actual） Technology Revenue 2,159.0 2,150.9 -8.0 -0.4 Solutions OPPL 97.9 81.4 -16.4 -16.8 Revenue 233.5 177.4 -56.0 -24.0 Ubiquitous Solutions
Slide 33: Revenue by Segments [9 Months] (Excl. restructuring)
(Supplementary) Financial Results Revenue by Segments[9 Months] for 3Q FY2021 (Excl. restructuring) (Billions of yen) 9 Months 9 Months Impact of FY2020 FY2021 Change global chip （Actual） （Actual） shortage Excl. restructuring 2,493.3 2,543.5 50.1 -39.7 Technology Solutions 2,145.3 2,150.9 5.6 -39.7
Slide 34: Business Segment Information [Quarterly Breakdown of Results]
(Supplementary) Financial Results Business Segment Information for 3Q FY2021 [Quarterly Breakdown of Results] (Billions of yen) FY2020 (Actual) FY2021 (Actual) 1Q 2Q 3Q 4Q 1Q 2Q 3Q Technology Revenue 683.5 709.5 765.9 928.7 687.0 725.7 738.1 Solutions OPPL 13.3 31.0 53.5 95.3 17.0 24.1 40.2 Solution
Slide 35: Two Business Areas for Value Creation [Technology Solutions 3Q]
(Supplementary) Financial Results Two Business Areas for Value Creation for 3Q FY2021 [Technology Solutions 3Q] (Billions of yen) 3Q FY2020 (Actual) 3Q FY2021 (Actual) Change For For For For For For Total Total Total Growth Stability Growth Stability Growth Stability Technology Growth Rate 103% 94%
Slide 36: Two Business Areas for Value Creation [Technology Solutions 9 Months]
(Supplementary) Financial Results Two Business Areas for Value Creation for 3Q FY2021 [Technology Solutions 9 Months] (Billions of yen) 9 Months FY2020 (Actual) 9 Months FY2021 (Actual) Change For For For For For For Total Total Total Growth Stability Growth Stability Growth Stability Technology Gro
Slide 37: Revenue Breakdown In and Outside Japan 3Q
(Supplementary) Financial Results Business Segment Information for 3Q FY2021 [Revenue Breakdown-In and Outside Japan 3Q] (Billions of yen) 3Q FY2020 3Q FY2021 Change (Actual) (Actual) (％) Revenue 765.9 738.1 -27.8 -3.6 Technology Solutions Japan 543.3 495.2 -48.0 -8.8 Outside Japan 222.5 242.8 20.2
Slide 38: Revenue Breakdown In and Outside Japan 9 Months
(Supplementary) Financial Results Business Segment Information for 3Q FY2021 [Revenue Breakdown-In and Outside Japan 9 Months] (Billions of yen) 9 Months 9 Months FY2020 FY2021 Change (％) (Actual) (Actual) Revenue 2,159.0 2,150.9 -8.0 -0.4 Technology Solutions Japan 1,544.8 1,485.5 -59.3 -3.8 Outsid
Slide 39: Breakdown of International Regions Excluding Japan
(Supplementary) Financial Results Breakdown of International Regions for 3Q FY2021 Excluding Japan (Billions of yen) Impact of 9 Months 9 Months Impact of 3Q FY2020 3Q FY2021 Change restructuring FY2020 FY2021 Change restructuring (Actual) (Actual) ［Revenue］ ［Revenue］ (Actual) (Actual) International
Slide 40: 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) 9 Months 4Q Previous 4Q (Actual) (Forecast) Forecast (Forecast)* U.S. dollar / Yen 106 111 105 -
Slide 41: 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) 9 Months Full year Change vs. FY2020 FY2021 FY2020 FY2021 Previous (Actual) (Actual) (Actual) (Forecast) Forecast Technology So