Fujitsu Ltd (FJTSF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. My name is Tokita, CEO of the company. Thank you very much for taking the time out of your busy schedule to join us today. First, I will give you an update on our major initiatives and the results for fiscal 2024 and our fiscal 2025 targets in the current meter management plan, which concludes at the end of fiscal 2025. A Fujitsu group purpose is shown here. It is to make the world more sustainable by building trust in society through innovation. So this is the purpose of the company. We established this purpose in 2022, and today all of our corporate activities are dedicated to realizing it. This is the Fujitsu Way, which all Fujitsu Group employees are expected to follow. We adhere to our code of conduct and uphold the core values of aspiration, trust, and empathy. I will now report on our initiatives and progress in fiscal 2024. Let me start with a general overview. In fiscal 2024, consolidated revenue and profit increased on a company-wide basis, and we achieved a record high in adjusted profit for the fiscal year. In our mainstay service solutions business, digital transformation, and modernization business opportunities grew, particularly in Japan. At the same time, we proceeded with carve-outs of non-core businesses, including the devices business, and the transformation of our business portfolio has progressed as planned. Next, I will explain our financial results for fiscal 2024. Fujitsu's consolidated revenue increased 2.1% year-on-year to 3,550.1 billion yen and service solutions increased 5.1% year-on-year to 2,245.9 billion yen. Consolidated adjusted operating profit increased 15.8% year-on-year to 307.2 billion yen and service solutions increased 22.2% year-on-year to 289.9 billion yen. Next, I will explain the progress of our non-finan...