Slide 1: FY2025 Consolidated Financial Results
FY2025 Consolidated Financial Results April 28, 2026 Fujitsu Limited 1 © 2026 Fujitsu Limited
Slide 2: Financial Results for FY2025
Financial Results for FY2025 2 © 2026 Fujitsu Limited
Slide 3: FY2025 Results: Overview (Service Solutions)
FY2025 Results: Overview (Service Solutions) Achieved Record High Profit (Billions of yen) Revenue 6,000 1,984.2 2,137.5 2,245.9 2,346.9 ▎ Revenue was 2,346.9 billion yen (up 4.5% from prior 15.4% year) 5,000 Excluding the impact of restructuring, actual revenue was up 5.6% (business in Japan was up
Slide 4: FY2025 Results: Overview (Consolidated Total)
FY2025 Results: Overview (Consolidated Total) Achieved Record High Profit (Billions of yen) Revenue 3,331.0 3,476.9 3,550.1 3,502.9 ▎ Revenue was 3,502.9 billion yen (down 1.3% from 11.2% prior year) Adjusted 8.7% Excluding the impact of restructuring, actual revenue was up Operating 7.6% 0.9% Pro
Slide 5: Increase in Cash Generation
Increase in Cash Generation (Billions of yen) Core FCF 482.6 ▎ Core free cash flow was 289.9 billion yen FCF (up 56.2 billion yen from prior year, an improvement of 24.1%) Asset Profit in our main business increased, and Recycling working capital efficiency improved 296.0 ▎ Free cash flow was 482.
Slide 6: Business Segment Information
Business Segment Information (Billions of yen) Excl. FY2023 FY2024 FY2025 vs. LY (%) restructuring etc. (%) Revenue 2,137.5 2,245.9 2,346.9 100.9 4.5 5.6 Japan 1,533.3 1,656.2 1,771.7 115.4 7.0 8.3 Service Solutions Outside Japan 604.1 589.7 575.2 -14.5 -2.5 Adj. Operating Profit 237.2 289.9 361.4 7
Slide 7: Consolidated PL
Consolidated PL Adjusted Consolidated Results (Billions of yen) Change vs. FY2023 FY2024 FY2025 vs. LY (％) Previous Forecast Revenue 3,476.9 3,550.1 3,502.9 -47.1 -1.3 -27.0 Adjusted Operating Profit 265.3 307.2 390.5 83.3 27.1 10.5 [Adjusted Operating Profit Margin] [7.6%] [8.7%] [11.2%] [2.5%] Adj
Slide 8: Business Segment Information (Adjusted Operating Profit)
Business Segment Information (Adjusted Operating Profit) 8 © 2026 Fujitsu Limited
Slide 9: Service Solutions
Service Solutions ◼ Service Solutions (Billions of yen) Excl. FY2024 FY2025 vs. LY (%) restructuring etc. (%) ▎ Revenue Revenue 2,245.9 2,346.9 100.9 4.5 5.6 Up 7% in Japan (up 8.3% excluding restructuring) [Uvance] [482.8] [709.3] [226.4] [46.9] Strong growth in Uvance and modernization [Moderniz
Slide 10: Factors Behind Change in Adjusted Operating Profit
Service Solutions Factors Behind Change in Adjusted Operating Profit Revenue +100.9 / Adjusted Operating Profit +71.4 [+2.5％] (Billions of yen) +43.7 -13.2 [+2.0%] [-0.6%] 15.4% [+2.5％] +41.0 [+1.2%] Investment expansion, etc. Improvement Uvance offerings in profitability 12.9% modernization （Gross
Slide 11: Orders (Japan)
Service Solutions Orders (Japan) Very strong demand continues in services in Japan, particularly in DX FY2024 FY2025 [Excl. large-scale 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total deals] Japan 97% 101% 109% 111% 105% 101% 105% 106% 95% 102% [108%] Private Enterprise Business [Manufacturing & Distribution &
Slide 12: Order Backlog (Japan)
Service Solutions Order Backlog (Japan) Total order backlog at the end of fiscal 2025: 1,127 billion Planned revenue for fiscal 2026: 1,960 billion yen (107% of prior year) yen (111% of prior year) Order backlog coverage ratio: 53% (on par Of this, the expected revenue for fiscal 2026 is 1,033 with
Slide 13: Orders (Outside Japan)
Service Solutions Orders (Outside Japan) Europe: Mostly on par with the prior year Americas & Asia Pacific: Pullback from large-scale multi-year contracts in the prior year, mainly public sector projects FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Europe 86% 84% 78% 128% 93% 177% 93% 97% 70% 9
Slide 14: Uvance
Service Solutions Uvance (Billions of yen) Vertical areas saw significant growth, particularly in the fields of data and AI. Due to this, it surpassed its target revenue of 700 billion yen. Orders 418.5 +31% 548.6 +33% 727.5 +47% 709.3 Vertical +31% 296.8 482.8 Vertical Revenue 367.9 175.2 +69% 116.
Slide 15: Modernization
Service Solutions Modernization (Billions of yen) Modernization experienced a high level of demand and surpassed the target revenue of 330 billion yen Orders 232.6 Up 65% 384.7 Up 4% 399.2 Modernization total 392.1 Up 32% Modernization total 296.9 Up 86% Service Up 24% 249.7 サービス ソリューション Service Sol
Slide 16: Improvement in Profitability
Service Solutions Improvement in Profitability Improvements in Productivity and Generation of Added Value from Upgrades in Delivery Operations Improvement in profitability: +43.7 billion yen (Gross margin ratio +2.0%) ① Improved productivity through standardization of ▎ Trends in gross margin Up 2％
Slide 17: Breakdown by Sub-Segment
Service Solutions Breakdown by Sub-Segment (Billions of yen) Excl. FY2024 FY2025 vs. LY (％) restructuring ▎ Global Solutions etc. (%) Revenue 2,245.9 2,346.9 100.9 4.5 5.6 • Increased revenue, primarily in Uvance offerings Service • Scrutiny of development expenses for each Adjusted 289.9 361.4 71.4
Slide 18: Hardware Solutions
◼ Hardware Solutions (Billions of yen) Excl. FY2024 FY2025 vs. LY (%) restructuring etc. (%) ◼ System Products • Pullback from large-scale contracts, mainly in Revenue 1,119.9 1,009.8 -110.0 -9.8 -5.0 the public sector System Products 938.3 816.2 -122.1 -13.0 -7.3 • Scaling down business of third-pa
Slide 19: Ubiquitous Solutions; Inter-segment Elim./Corporate
◼ Ubiquitous Solutions (Billions of yen) ◼ Lower revenue because of the ending of higher demand FY2024 FY2025 vs. LY (%) stemming from the conclusion of Windows 10 support (October 2025), and because of a pullback from large- Revenue 251.7 229.8 -21.9 -8.7 scale deals in the prior year Adjusted 31.3
Slide 20: Cash Flows, Assets, Liabilities and Equity
Cash Flows, Assets, Liabilities and Equity 20 © 2026 Fujitsu Limited
Slide 21: Cash Flows (Consolidated)
Cash Flows (Consolidated) (Billions of yen) FY2024 FY2025 vs. LY Core Free Cash Flow * 233.6 289.9 56.2 * Ordinary free cash flow, excluding one-time cash inflows or outflows from such activities as business restructurings, structural reforms, and acquisitions or divestitures. ▎ Core free cash flow:
Slide 22: Core Free Cash Flow and Adjusted Items
Core Free Cash Flow and Adjusted Items (Billions of yen) FY2024 FY2025 vs. LY Core Free Cash Flow 233.6 289.9 56.2 Adjusted items from GAAP Free Cash Flow -18.9 192.7 211.6 Business transfers 49.0 289.7 240.7 Business model transformation expenditures -48.4 -29.7 18.7 M&A related expenditures -19.5
Slide 23: Assets, Liabilities and Equity (Consolidated)
Assets, Liabilities and Equity (Consolidated) (Billions of yen) Year-end Year-end vs. LY FY2024 FY2025 Total Assets 3,497.8 3,399.7 -98.0 Total Liabilities 1,595.7 1,355.1 -240.5 Total Equity 1,902.0 2,044.5 142.5 Total Equity Attributable to Owners of the Parent 1,740.9 2,024.9 283.9 Reference: Fin
Slide 24: Review of Medium-Term Management Plan
Review of Medium-Term Management Plan 24 © 2026 Fujitsu Limited
Slide 25: Progress of Adjusted Operating Profit (Consolidated)
Progress of Adjusted Operating Profit (Consolidated)： Record-High Profits for Four Consecutive Years Revenue 3,295.8 3,210.8 3,331.0 3,476.9 3,550.1 3,502.9 (Billions of yen) Operating 13.0% Profit 500.0 11.2% Margin 7% → 11% FY22-FY25 11.0% 8.7% Adjusted 400.0 7.3% 7.6% 9.0% 6.6% 6.2% Operating 390
Slide 26: Trends in Non-Financial Indicators
Trends in Non-Financial Indicators Achieved target figures in environmental, customer, and productivity indicators, and will work towards further improvements in the human resource indicators Actual Standard results Target Environment Customers Productivity Human Resources Greenhouse gas emissions C
Slide 27: Progress of Adjusted Operating Profit: Service Solutions
Service Solutions Progress of Adjusted Operating Profit: Achieved Record High Profit Revenue 1,804.7 1,928.1 1,984.2 2,137.5 2,245.9 2,346.9 (Billions of yen) vs. LY 101% 109% 108% 107% [in Japan] [1,392.9] [1,402.5] [1,533.3] [1,656.2] [1,771.7] Operating Profit 450.0 15.4% Margin 16.5% FY22-FY25 8
Slide 28: Uvance and Modernization Revenue Progress
Service Solutions Uvance and Modernization Revenue Progress Uvance and modernization were the driving force behind revenue growth across all of Service Solutions (Billions of yen) 709.3 Uvance Modernization Up 47% Vertical Vertical Vertical 296.8 Up 69% 482.8 Up 31% Modernization total 392.1 367.9 1
Slide 29: Revenue Portfolio Trends and Gross Margin
Service Solutions Revenue Portfolio Trends and Gross Margin As a backdrop to the growth of Uvance and modernization, progress was made on transforming our portfolio. Improvement in both revenue growth and profitability (Revenue composition ratio from 14% in FY22 to 41% in FY25) 38.7% (Billions of ye
Slide 30: Adjusted Operating Profit by Quarter
Service Solutions ◼ Adjusted Operating Profit by Quarter Improvement in adjusted operating profit being skewed to the fourth quarter (Billions of yen) and higher adjusted operating profit margin 15.4% 12.9% 11.1% Adjusted 8.2% Operating 361.4 Profit 289.9 145.3 Margin 237.2 4Q 128.4 162.9 120.8 96.4
Slide 31: Cash Flows, Capital Allocation (Review of Medium-Term Management Plan)
Cash Flows, Capital Allocation (Review of Medium-Term Management Plan) 31 © 2026 Fujitsu Limited
Slide 32: Cash Flows
Cash Flows Cash Flows ▎Core free cash flow was 289.9 billion yen (1.8-fold increase compared to fiscal 2022). In addition to increased profit in our main business, there was also improvement in working capital efficiency. ▎Free cash flow was 482.6 billion yen (2.7-fold increase compared to fiscal 20
Slide 33: Base Cash Flows
Cash Flows Base Cash Flows Before Growth Investments/ Lease expenses One-time gains/losses Base CF FCF Core FCF (Billions of yen) FY23 197.2 -45.2 151.9 151.0 303.0 FY24 233.6 -18.9 214.7 146.9 361.7 FY25 289.9 192.7 482.6 201.8 684.4 Total 720.8 849.3 1,349.1 ・Before Growth ・Restructuring・M&A, Inve
Slide 34: Capital Allocation
Capital Allocation Capital Allocation ▎ In addition to growth in profit and improved capital efficiency, progress has also been made in the recycling of assets, resulting in a two-fold increase in base cash flows from the previous Medium-Term Management Plan ▎ In accordance with our capital allocati
Slide 35: Investments for Business Growth
Capital Allocation Investments for Business Growth Mid-term Plan (Billions of yen) (FY23-25) OPEX CAPEX Investments for business growth 672.3 398.6 273.7 [M&A / Capital alliances] [174.0] Key Initiatives & Results Uvance, Modernizaition, • Development of Uvance offerings, Modernization Knowledge 187
Slide 36: Shareholder Returns
Capital Allocation Shareholder Returns ▎ Dividends: Continued stable distribution of dividends in accordance with profit growth (continued increase of dividends since FY15) Per share FY23 FY24 FY25 vs. LY Dividend per share (Yen) Interim 13 yen 14 yen 15 yen +1 yen 50 Year-end 13 yen 14 yen 35 yen +
Slide 37: Shareholder Returns
Capital Allocation Shareholder Returns (Billions of yen) ▎ Share buybacks ▎ Total shareholder returns • Flexible implementation with a focus on higher capital efficiency Cumulative 3 year FY2023 FY2024 FY2025 average (FY23-25) (FY23-25) FY2023 FY2024 FY2025 Dividends 48.4 50.5 87.3 186.2 60.0 Divide
Slide 38: Earnings Forecast for FY2026
Earnings Forecast for FY2026 38 © 2026 Fujitsu Limited
Slide 39: Financial Forecast (Adjusted)
Financial Forecast (Adjusted) We plan to once again achieve record-high adjusted operating profit and adjusted net profit (Billions of yen) FY2025 FY2026 vs. LY (%) (Actual) (Forecast) Revenue 3,502.9 3,510.0 7.0 0.2 Adjusted Operating Profit 390.5 425.0 34.4 8.8 [Adjusted Operating Profit Margin] [
Slide 40: Adjusted Items and Consolidated Results Prior to Adjustments
Adjusted Items and Consolidated Results Prior to Adjustments (Billions of yen) FY2025 (Actual) FY2026 (Forecast) vs. LY Adjusted Adjusted Adjusted Adjusted Consolidated Adjusted Consolidated Adjusted Consolidated Consolidated Consolidated Consolidated Items Results Items Results Items Results Result
Slide 41: Business Segment Information
Business Segment Information (Billions of yen) FY2025 FY2026 vs. LY (％) (Actual) (Forecast) Revenue 2,346.9 2,470.0 123.0 5.2 Japan 1,771.7 1,960.0 188.2 10.6 Service Outside Japan 575.2 510.0 -65.2 -11.3 Solutions Adj. Operating Profit 361.4 430.0 68.5 19.0 [%] [15.4%] [17.4%] [2.0%] Revenue 1,009.
Slide 42: Service Solutions
Service Solutions ◼ Service Solutions (Billions of yen) FY2025 FY2026 vs. LY (%) (Actual) (Forecast) ▎Revenue Revenue 2,346.9 2,470.0 123.0 5.2 Higher revenue mainly from Uvance and Japan 1,771.7 1,960.0 188.2 10.6 modernization business (higher by 11% in Outside Japan 575.2 510.0 -65.2 -11.3 Japa
Slide 43: Factors Behind Change in Adjusted Operating Profit
Service Solutions Factors Behind Change in Adjusted Operating Profit Revenue +123.0 / Adjusted Operating Profit +68.5 [+2.0％] (Billions of yen) +50.0 -30.0 [+2.0%] [-1.2%] 17.4% +48.5 [+2.0％] [+1.1%] Investment Improvement expansion, etc. 15.4% in profitability （Gross margin +2.0%) Uvance offerings
Slide 44: Revenue Portfolio Trends and Gross Margin
Service Solutions Revenue Portfolio Trends and Gross Margin Mainly growth in Uvance and modernization Continued improvement in gross margin by 2% through standardization of the development process and the use of generative AI (Billions of yen) 40.7% 38.7% 36.7% Gross 33.1% 34.8% Margin 2,470.0 2,245
Slide 45: Progress of Adjusted Operating Profit
Service Solutions Progress of Adjusted Operating Profit （Billions of yen） Revenue 1,804.7 1,928.1 1,984.2 2,137.5 2,245.9 2,346.9 2,470.0 vs. LY 101% 109% 108% 107% 111% [in Japan] [1,392.9] [1,402.5] [1,533.3] [1,656.2] [1,771.7] [1,960.0] 17.4% 18.0% 5,000 15.4% 16.0% 12.9% 14.0% Adjusted 4,000 11
Slide 46: Change in Sub-Segments: Management by Sector
Service Solutions Change in Sub-Segments: Management by Sector This will enable a deeper understanding of sectors and work, with a stronger management focus on sectors Current Segment New Segment Service Solutions Service Solutions Global Solutions Enterprise Japan Regions Public International Outsi
Slide 47: Comparison of Current and New Sub-Segments
Service Solutions Comparison of Current and New Sub-Segments (Billions of yen) Current Sub-Segment Reclassification (FY2025) New Sub-Segment FY2024 FY2025 FY2024 FY2025 Service Solutions Service Solutions Revenue 2,245.9 2,346.9 Revenue 2,245.9 2,346.9 Operating Profit 289.9 361.4 Operating Profit 2
Slide 48: Breakdown by Sub-Segment
Service Solutions Breakdown by Sub-Segment (Billions of yen) FY2025 FY2026 vs. LY (％) （Actual） (Forecast) Revenue 2,346.9 2,470.0 123.0 5.2 Service ▎ Enterprise Adj. Operating Profit 361.4 430.0 68.5 19.0 • Manufacturing and distribution will Solutions [%] [15.4%] [17.4%] [2.0%] drive growth Revenue
Slide 49: Hardware Solutions
◼ Hardware Solutions (Billions of yen) FY2025 FY2026 vs. LY (%) (Actual) (Forecast) ◼ System Products Revenue 1,009.8 960.0 -49.8 -4.9 • Streamlining of third-party products business System Products 816.2 750.0 -66.2 -8.1 • Restructuring of FUJITSU FRONTECH LIMITED Network Products 193.6 210.0 16.3
Slide 50: Ubiquitous Solutions; Inter-segment Elim./Corporate
◼ Ubiquitous Solutions (Billions of yen) FY2025 FY2026 vs. LY (%) (Actual) (Forecast) Revenue 229.8 160.0 -69.8 -30.4 ◼ Pullback from the growth in demand driven by Adjusted discontinuation of support from Windows 10 38.8 28.0 -10.8 -27.9 (October 2025) Operating Profit [Adj. operating profit margin
Slide 51: Cash Flows, Capital Allocation (Earnings Forecast for FY2026)
Cash Flows, Capital Allocation (Earnings Forecast for FY2026) 51 © 2026 Fujitsu Limited
Slide 52: Cash Flows
Cash Flows Cash Flows (Billions of yen) FY2023 FY2024 FY2025 FY2026 vs. LY (Actual) (Actual) (Actual) (Forecast) Core Free Cash Flow 197.2 233.6 289.9 300.0 10.0 Adjusted items from GAAP Free Cash Flow -45.2 -18.9 192.7 -90.0 -282.7 Free Cash Flow 151.9 214.7 482.6 210.0 -272.6 ▎ Core free cash flow
Slide 53: Base Cash Flows
Cash Flows Base Cash Flows Before Growth Investments/ Lease expenses One-time gains/losses Base CF FCF Core FCF (Billions of yen) FY23 197.2 -45.2 151.9 151.0 303.0 FY24 233.6 -18.9 214.7 146.9 361.7 FY25 289.9 192.7 482.6 201.8 684.4 FY26 300.0 -90.0 210.0 240.0 450.0 ・Before Growth ・Business restr
Slide 54: Capital Allocation
Capital Allocation Capital Allocation Growth Investments：280 billion yen (Up 30 billion yen compared to prior year) • AI platforms, physical AI • Next-generation CPUs, quantum （Billions of yen） 684.4 Advanced R&D computing, high-performance computing • Sovereign Platform, security Asset recycling 29
Slide 55: Shareholder Returns
Capital Allocation Shareholder Returns ▎ Dividends: Stable increase in distributions in accordance with profit growth 50 yen ⇒ 55 yen (up 10% from the prior year) FY23 FY24 FY25 FY26 Dividends per share(Yen) Per share vs.LY （Actual） （Actual） （Actual） (Forecast) Interim 13 yen 14 yen 15 yen 25 yen +1
Slide 56: Shareholder Returns
Capital Allocation Shareholder Returns (Billions of yen) ▎ Share buybacks Flexible implementation with a focus on ▎ Total shareholder returns higher capital efficiency FY2023 FY2024 FY2025 3 year FY2026 average （Actual） （Actual） （Actual） (FY23-25) （Forecast） FY2023 FY2024 FY2025 FY2026 (Actual) (Act
Slide 57: Changes in Financial Indicators
Changes in Financial Indicators ▎Adjusted EPS （Unit: yen） ▎Adjusted ROE ▎Adjusted ROIC 15.8% 188.3 15.8% 13.1% 13.3% 169.1 14.1% 13.8% 132.6 10.7% 125.6 12.9% 12.7% 12.8% 9.7% 9.2% 105.1 8.8% 97.6 86.6 7.6% FY20-26 CAGR 14% FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY20 F
Slide 58: Share price trend
Share price trend 3,825 yen (4/27) Daily Share Price 1,783 yen Share price trend 975 yen Term of the Medium-Term Plan(FY23-25) Year-end Year-end Year-end Year-end Year-end Year-end Year-end FY19 FY20 FY21 FY22 FY23 FY24 FY25 58 © 2026 Fujitsu Limited
Slide 59: Thank you
Thank you © 2026 Fujitsu Limited
Slide 60: 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 61: Supplementary
Supplementary 61 © 2026 Fujitsu Limited
Slide 62: Consolidated PL by Quarter
Financial Results Consolidated PL by Quarter Adjusted Consolidated Results (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Revenue 759.2 792.8 855.8 1,142.1 3,550.1 749.8 816.6 884.6 1,051.7 3,502.9 Adjusted Operating Profit 16.5 49.5 71.0 170.1 307.2 35.1 86.2 107.8 161.4 390.5
Slide 63: Adjusted Items by Quarter
Financial Results Adjusted Items by Quarter (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Adjusted Operating Profit 16.5 49.5 71.0 170.1 307.2 35.1 86.2 107.8 161.4 390.5 Adjusted items from GAAP Operating Profit -2.2 -20.8 -8.2 -10.8 -42.1 -1.6 -14.3 -2.1 -24.0 -42.2 One-time
Slide 64: Business Segment Information by Quarter
Financial Results Business Segment Information by Quarter (Billions of yen) FY2025 vs. LY 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Revenue 514.6 551.8 591.2 689.2 2,346.9 13.0 35.9 45.6 6.3 100.9 Japan 380.8 414.3 444.9 531.6 1,771.7 21.5 31.8 45.4 16.6 115.4 Service Solutions Outside Japan 133.7 137.5 1
Slide 65: Business Segment Information by Quarter
Financial Results Business Segment Information by Quarter (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Service Revenue 501.6 515.9 545.5 682.8 2,245.9 514.6 551.8 591.2 689.2 2,346.9 Solutions Adj. Operating Profit 34.9 53.7 72.8 128.4 289.9 47.8 71.7 96.4 145.3 361.4 Global R
Slide 66: Uvance
Financial Results Uvance (Billions of yen) FY2025 vs. LY 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total vs LY(%) 145% 185% 161% 139% 156% Vertical 48.4 84.5 75.3 98.3 306.6 14.9 38.7 28.4 27.4 109.5 vs LY(%) 105% 156% 141% 96% 120% Orders Horizontal 79.2 106.4 110.8 124.2 420.8 3.5 38.3 32.3 △4.8 69.3 vs LY(%)
Slide 67: Breakdown of Regions (International)
Financial Results Breakdown of Regions (International) (Billions of yen) FY2025 vs. LY 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Revenue 133.7 137.5 146.3 157.5 575.2 -8.5 4.1 0.1 -10.2 -14.5 Regions (International) Adj. Operating Profit 7.1 9.6 6.2 11.0 34.1 7.7 5.7 -2.8 -0.4 10.1 Revenue 94.0 91.6 104.1
Slide 68: Adjusted items from GAAP Free Cash Flow by Quarter
Financial Results Adjusted items from GAAP Free Cash Flow by Quarter (Billions of yen) FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Core Free Cash Flow 167.7 -74.0 -51.3 191.1 233.6 230.3 -66.0 11.5 114.1 289.9 Adjusted items from GAAP Free Cash Flow -37.2 -8.2 -20.0 46.6 -18.9 171.4 90.9 -47.8
Slide 69: Assumptions Used for FY2026 Forecasts
Earnings Forecast Assumptions Used for FY2026 Forecasts 1. Exchange Rates（Average）and Impact of Fluctuation Impact of Exchange Rate FY2024 FY2025 FY2026 Fluctuation (Actual) (Actual) (Forecast) FY2026 (Forecast)* U.S. dollar / Yen 153 151 150 -0.8 Billion yen Euro / Yen 164 175 170 0.1 Billion yen B
Slide 70: Assumptions Used for FY2026 Forecasts
Earnings Forecast Assumptions Used for FY2026 Forecasts 2. Capital Expenditures, Depreciation and Amortization (Property, Plant and Equipment, Intangible Assets and leased Assets) (Billions of yen) FY2024 FY2025 FY2026 (Actual) (Actual) (Forecast) Capital Investment 51.5 50.3 75.0 Intangible Investm