Fuji Electric Co., Ltd. · TSE:6504
Fuji Electric — FY2024 Earnings Presentation
23 slides from Fuji Electric's earnings presentation, Apr 25, 2025
Slide 1: Consolidated Financial Results for FY2024
Consolidated Financial Results for FY2024 Fuji Electric Co., Ltd. April 25, 2025 © Fuji Electric Co., Ltd.
Slide 2: Key Points
Key Points ■Financial Results for FY2024 (YoY Comparison) Net Sales ¥1,123.4 billion (YoY +¥20.2 billion) Operating Profit ¥117.6 billion (YoY +¥11.6 billion) Operating Profit Ratio 10.5% (YoY +0.9%) Profit Attributable to Owners of Parent ¥92.2 billion (YoY +¥16.9 billion) • Record highs set for ne
Slide 3: Contents
Contents I. FY2024 Results 1. YoY Comparison / vs Forecasts on Jan. 30 P. 4 2. Capital Investment / Research and Development P.15 3. Balance Sheet / Cash Flow Statement P.18 4. Dividend of Surplus P.21 © Fuji Electric Co., Ltd. 3
Slide 4: Contents: YoY Comparison / vs Forecasts
Contents I. FY2024 Results 1. YoY Comparison / vs Forecasts on Jan. 30 P. 4 2. Capital Investment / Research and Development P.15 3. Balance Sheet / Cash Flow Statement P.18 4. Dividend of Surplus P.21 © Fuji Electric Co., Ltd. 4
Slide 5: Summary of Consolidated Financial Results (YoY Comparison)
Summary of Consolidated Financial Results for FY2024 (YoY Comparison) Record highs set for net sales, operating profit, ordinary profit and profit attributable to owners of parent, operating profit ratio of more than 10% achieved (Billion yen) FY2023 FY2024 Change Change of Net Sales Gain on transla
Slide 6: Breakdown of Changes on Operating Profit
Breakdown of Changes on Operating Profit for FY2024 (YoY Comparison) Profit up, despite higher fixed costs and raw material prices and decrease in sales and production volumes, due to benefits of higher product selling prices, differences in profitability between models, and cost reduction activitie
Slide 7: Net Sales and Operating Profit
Net Sales and Operating Profit for FY2024 (YoY Comparison) Higher sales in Energy, Semiconductors and Food and Beverage Distribution segments Higher profit in all segments (Billion yen) FY2023 FY2024 Change Operating Operating Operating Operating Operating Operating Net Sales Net Sales Net Sales Pro
Slide 8: Business Results by Segment: Energy
Business Results by Segment for FY2024 (YoY Comparison) Energy YoY Power Generation: (Billion yen) +0.4% Operating Higher net sales but operating results worsened Profit Ratio (Net Sales Increased by 6%) Increase in net sales due to the benefits of large-scale renewable energy projects. Decrease in
Slide 9: Business Results by Segment: Industry
Business Results by Segment for FY2024 (YoY Comparison) Industry YoY Automation Systems: (Billion yen) +1.1% Operating Lower net sales and operating results (Net Sales Decreased by 2%) Profit Ratio Decrease in net sales and operating results due to the impacts of the ongoing inventory adjustment in
Slide 10: Business Results by Segment: Semiconductors
Business Results by Segment for FY2024 (YoY Comparison) Semiconductors (Billion yen) YoY Semiconductors: Higher net sales and operating results (Net Sales Increased by 4%) Increase in net sales for automotive semiconductors due to higher -0.2% Operating Profit Ratio domestic demand, the benefits of
Slide 11: Business Results by Segment: Food and Beverage Distribution
Business Results by Segment for FY2024 (YoY Comparison) Food and Beverage Distribution (Billion yen) YoY Vending Machines: Higher net sales and operating results (Net Sales Increased by 1%) +4.3% Operating Increase in net sales and operating results because of the benefits of Profit Ratio cost reduc
Slide 12: Net Sales by Japan and Overseas Area
Net Sales by Japan and Overseas Area for FY2024 (YoY Comparison) Sales down in Asia and others due to absence of large-scale project recorded in previous fiscal year Sales up in Americas due to changes in Semiconductors sales channel (Billion yen) Energy -6.6 Industry -5.0 YoY Semiconductors +5.7 FY
Slide 13: Amounts of Orders Received for FY2024
Amounts of Orders Received for FY2024 Orders up year on year centered on large-scale plant systems YoY (Billion yen) 1,217.3 +107.5 Energy (Plant Systems) +82.6 Industry 1,109.8 Process Automation +5.1 Major Components Order Received Trend 4Q QonQ 109.2 106.0 -3.1 Actual change excluding 98.2 93.4 9
Slide 14: Summary of Consolidated Financial Results (Comparison with Forecasts)
Summary of Consolidated Financial Results for FY2024 (Comparison with Forecasts on Jan. 30, 2025) Higher profit in Industry, Semiconductors and Food and Beverage Distribution segments (Billion yen) FY2024 Forecasts FY2024 Results Change (Jan. 30, 2025) Net Sales 1,114.0 1,123.4 +11.9* 9.4 Operating
Slide 15: Contents: Capital Investment / Research and Development
Contents I. FY2024 Results 1. YoY Comparison / vs Forecasts on Jan. 30 P. 4 2. Capital Investment / Research and Development P.15 3. Balance Sheet / Cash Flow Statement P.18 4. Dividend of Surplus P.21 © Fuji Electric Co., Ltd. 15
Slide 16: Capital Investment
Capital Investment for FY2024 (YoY Comparison) Investments increase in Semiconductors segment (Billion yen) YoY +16.9 85.2 • Introduction of solar power generation Others facilities at Mie Factory 2.3 2.3 Food and • Investment in rationalization of printed 68.3 Beverage wiring boards at Mie Factory
Slide 17: Research and Development
Research and Development for FY2024 (YoY Comparison) Ongoing aggressive development investments in growth fields (Billion yen) YoY 37.8 +1.8 36.1 Common 4.3 4.0 Food and • New products for new markets and fields 2.5 2.9 Beverage Distribution • 8th-generation IGBTs and 3rd-generation SiCs 12.3 13.2 S
Slide 18: Contents: Balance Sheet / Cash Flow Statement
Contents I. FY2024 Results 1. YoY Comparison / vs Forecasts on Jan. 30 P. 4 2. Capital Investment / Research and Development P.15 3. Balance Sheet / Cash Flow Statement P.18 4. Dividend of Surplus P.21 © Fuji Electric Co., Ltd. 18
Slide 19: Balance Sheet at the End of FY2024 (YoY Comparison)
Balance Sheet at the End of FY2024 (YoY Comparison) Total assets up primarily due to increases in property, plant and equipment and inventories Net D/E ratio improved to 0.1x through reduction of interest-bearing debt Liabilities and (Billion yen) Assets 3/31/24 3/31/25 Change Net Sales 3/31/24 3/31
Slide 20: Statement of Cash Flows (YoY Comparison)
Statement of Cash Flows (YoY Comparison) (Billion yen) FY2023 FY2024 Factor of change Upturn mainly due to higher profit Ⅰ Cash flows from operating activities 84.9 144.9 attributable to owners of parent and decrease in receivables Flat, despite increased capital Ⅱ Cash flows from investing activiti
Slide 21: Contents: Dividend of Surplus
Contents I. FY2024 Results 1. YoY Comparison / vs Forecasts on Jan. 30 P. 4 2. Capital Investment / Research and Development P.15 3. Balance Sheet / Cash Flow Statement P.18 4. Dividend of Surplus P.21 © Fuji Electric Co., Ltd. 21
Slide 22: Dividend of Surplus
Dividend of Surplus Year-end dividend of ¥85 per share (tentative) Payment of stable and continuous dividends 160 160 期末配当（円） Year-end dividend per share (Yen) 135 140 120 中間配当（円） Interim dividend per share (Yen) 115 85 100 (tentative) 100 75 80 80 85 60 80 70 55 60 50 55 40 40 45 45 40 40 35 30 25
Slide 23: Forward-looking statements notice
1. Statements made in this documents or in the presentation to which they pertain regarding estimates or projections are forward-looking statements based on the company’s judgments and assumptions in light of information currently available. Actual results may differ materially from those projected