Fuji Electric Co., Ltd. · TSE:6504
Fuji Electric — Q2 2025 Earnings Presentation
26 slides from Fuji Electric's earnings presentation, Oct 30, 2025
Slide 1: Consolidated Financial Results for 1H FY2025
Consolidated Financial Results for 1H FY2025 Fuji Electric Co., Ltd. October 30, 2025 © Fuji Electric Co., Ltd.
Slide 2: Key Points
Key Points ■Financial Results for 1H FY2025 (YoY Comparison) Net Sales Operating Profit Operating Profit Ratio 543.2 billion yen 42.8 billion yen 7.9% (+45.8 billion yen) (+2.4 billion yen) (-0.2%) • New record highs for net sales, operating profit, and ordinary profit Performance driven by Energy a
Slide 3: Contents
Contents 1. 1H FY2025 Results (YoY Comparison) P. 4 2. 1H FY2025 Results (in Comparison to Forecast Announced on July 31, 2025) P.15 3. Balance Sheet, Cash Flow Statement P.17 4. FY2025 Forecasts P.20 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 3
Slide 4: Contents
Contents 1. 1H FY2025 Results (YoY Comparison) P. 4 2. 1H FY2025 Results (in Comparison to Forecast Announced on July 31, 2025) P.15 3. Balance Sheet, Cash Flow Statement P.17 4. FY2025 Forecasts P.20 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 4
Slide 5: Summary of Consolidated Financial Results for 1H FY2025
Summary of Consolidated Financial Results for 1H FY2025 (YoY Comparison) New Record highs for net sales, operating profit and ordinary profit (Billion yen) FY2024 FY2025 Change Change of Net Sales Net Sales 497.4 543.2 45.8 Gain on translation of earnings of overseas subsidiaries +2.0 Operating Prof
Slide 6: Factors Behind YoY Changes in Operating Profit in 1H FY2025
Factors Behind YoY Changes in Operating Profit in 1H FY2025 (YoY Comparison) Higher profit, despite impacts of increased fixed costs and raw material costs, due to benefits of growth in sales and production volumes, profitability differences between models, and cost reductions (Billion yen) Increase
Slide 7: Net Sales and Operating Profit by Segment for 1H FY2025
Net Sales and Operating Profit by Segment for 1H FY2025 (YoY Comparison) Net sales and operating profit supported by Energy and Industry segments FY2024 FY2025 Change Operating Operating Operating Operating Operating Operating (Billion yen) Net Sales Net Sales Net Sales Profit Profit Ratio Profit Pr
Slide 8: Business Results by Segment: Energy
Business Results by Segment for 1H FY2025 (YoY Comparison) ■Energy Higher net sales and operating profit, driven by expanding energy demand and improved margins (Billion yen) 11.5% Higher net sales and operating results (Net Sales Increased by 6%) Power Generation Increase in net sales and operating
Slide 9: Business Results by Segment: Industry
Business Results by Segment for 1H FY2025 (YoY Comparison) ■Industry Higher net sales and operating profit, driven by IT Solutions (Billion yen) 4.6% 5.3% Factory Higher net sales and operating results (Net Sales Increased by 4%) Automation Increase in net sales and operating results, despite flat g
Slide 10: Business Results by Segment: Semiconductors
Business Results by Segment for 1H FY2025 (YoY Comparison) ■Semiconductors Decrease in operating profit, mainly due to reduce automotive demand (Billion yen) Higher net sales but operating results worsened 13.9% (Net Sales Increased by 1%) 8.3% Increase sales of industrial semiconductors due to high
Slide 11: Business Results by Segment: Food and Beverage Distribution
Business Results by Segment for 1H FY2025 (YoY Comparison) ■Food and Beverage Distribution Lower net sales and operating profit, impacted by a reactionary decline from last year’s (Billion yen) special demand 14.9% 11.1% Lower net sales and operating results Change Vending (Net Sales Decreased by 15
Slide 12: Net Sales by Japan and Overseas Area for 1H FY2025
Net Sales by Japan and Overseas Area for 1H FY2025 (YoY Comparison) Higher sales of products for other parts of Asia, China, India etc. Change FY2024 FY2025 Change +45.8 (Billion yen) 543.2 497.4 Overseas 29% 142.8 28% 153.4 +2.0* 10.6 Power Generation -0.8 Energy Management +0.8 153.4 Overseas Asia
Slide 13: Orders for 1H FY2025
Orders for 1H FY2025 Continuation of strong performance in plant and system operations of Energy and Industry segments (Billion yen) Change Energy +45.2 +113.2 684.9 Higher demand for thermal and geothermal Power Generation power plat systems 571.7 Higher demand for applications related to Energy Ma
Slide 14: Orders for 2Q FY2025 (Major Components)
Orders for 2Q FY2025 (Major Components) Slow recovery in comparison to previous equivalent period despite growth in demand Remaining flat in comparison to previous quarter when excluding extraordinary factors (Billion yen) 2Q 2Q YoY QoQ 109.2 106.0 -1.1 102.7 101.6 +3.4 99.9 98.2 +6.3* +2.3* Semicon
Slide 15: Contents
Contents 1. 1H FY2025 Results (YoY Comparison) P. 4 2. 1H FY2025 Results (in Comparison to Forecast Announced on July 31, 2025) P.15 3. Balance Sheet, Cash Flow Statement P.17 4. FY2025 Forecasts P.20 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 15
Slide 16: Consolidated Financial Results for 1H FY2025 (vs. July 31 Forecast)
Consolidated Financial Results for 1H FY2025 (in Comparison to Forecast Announced on July 31, 2025) Higher sales primarily driven by large-scale projects in Industry segment, along with the impact of exchange rates Increased profit supported by growth in sales volumes and profitability differences b
Slide 17: Contents
Contents 1. 1H FY2025 Results (YoY Comparison) P. 4 2. 1H FY2025 Results (in Comparison to Forecast Announced on July 31, 2025) P.15 3. Balance Sheet, Cash Flow Statement P.17 4. FY2025 Forecasts P.20 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 17
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet for 1H FY2025 (in Comparison to the Balance Sheet as of March 31, 2025) Decrease in total assets primarily due to reduction in notes receivable Increase in inventory due to the strong performance of plant and system businesses (Billion yen) Liabilities and Assets 3/31/25 9
Slide 19: Cash Flow Statement for 1H FY2025
Cash Flow Statement for 1H FY2025 (YoY Comparison) FY2024 FY2025 Factors of Change (Billion yen) Decline in cash flows due to lower Ⅰ Cash Flows from Operating Activities 87.5 35.9 recovery amounts for advances received Decrease in cash flows due to decline in Ⅱ Cash Flows from Investing Activities
Slide 20: Contents
Contents 1. 1H FY2025 Results (YoY Comparison) P. 4 2. 1H FY2025 Results (in Comparison to Forecast Announced on July 31, 2025) P.15 3. Balance Sheet, Cash Flow Statement P.17 4. FY2025 Forecasts P.20 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 20
Slide 21: Forecasts for Full-year FY2025 (vs. July 31 Forecasts)
Forecasts for Full-year FY2025 (in Comparison to Forecasts Announced on July 31, 2025) Upward revision to full-year forecasts, reflecting strong six-month performance primarily in Energy and Industry segments Assumed Exchange Rate on 2H FY2025 (Billion yen) July 31 Forecast October 30 Forecast Chang
Slide 22: Forecasts for Full-year FY2025 (YoY Comparison)
Forecasts for Full-year FY2025 (YoY Comparison) FY2025 Forecasts (Billion yen) FY2024 Results Change (October 30 Forecast) Net Sales 1,123.4 1,185.0 -10.2* 61.6 Operating Profit 117.6 128.5 -2.1* 10.9 (Operating Profit Ratio) (10.5%) (10.8%) (0.4%) Ordinary Profit 118.8 128.0 9.2 Profit Attributable
Slide 23: Contents
Contents 1. 1H FY2025 Results (YoY Comparison) P. 4 2. 1H FY2025 Results (in Comparison to Forecast Announced on July 31, 2025) P.15 3. Balance Sheet, Cash Flow Statement P.17 4. FY2025 Forecasts P.20 5. Dividend of Surplus P.23 © Fuji Electric Co., Ltd. 23
Slide 24: Dividend of Surplus
Dividend of Surplus Interim dividend payments of ¥91 per share (up ¥16 year on year) to pursue full-year dividend payout ratio target of 30% 1株当たり期末配当（円） Year-end dividend per share (Yen) 160 160 7.00 1株当たり中間配当（円） Interim dividend per share (Yen) 140 135 6.00 120 115 85 5.00 100 100 75 80 80 85 4.00
Slide 25: Reference: Forecasts for 2H FY2025
Reference: Forecasts for 2H FY2025 (in Comparison to Forecast Announced on July 31, 2025) (Billion yen) July 31 Forecast October 30 Forecast Change Net Sales 621.0 641.8 20.8 Operating Profit 84.0 85.7 1.7 (Operating Profit Ratio) (13.5%) (13.4%) (-0.2%) Ordinary Profit 85.5 86.3 0.8 Profit Attribut
Slide 26: Notes on audit status and forward-looking statements
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