Consolidated Financial Results for 3Q FY2025
Fuji Electric Co., Ltd.
January 29, 2026
Financial Results in Nine-Months Period Ended December 31, 2025（ YoY Comparison ）
Net Sales
851.1 billion yen（＋60.0 billion yen）
Operating Profit
74.0 billion yen（＋5.6 billion yen）
Operating Profit Ratio
8.7%（0.0%）
・New record highs for net sales, operating profit, and ordinary profit Performance driven by Energy and Industry segments
Financial Results Forecasts for Fiscal Year Ending March 31, 2026
Profit Attributable to Owners of Parent
89.0 billion yen（±0 billion yen）
（in Comparison to Forecast Announced on October 30, 2025）
Net Sales
1,185.0 billion yen（±0 billion yen）
Operating Profit
128.5 billion yen（±0 billion yen）
Operating Profit Ratio
10. 8 %（±0.0%）
No revision to consolidated forecasts for full-year performance Revisions to operating results forecasts by segment Continuation of strong performance in Energy segment
- 3Q FY2025 Results (YoY Comparison)
- Balance Sheet, Cash Flow Statement
- FY2025 Forecasts
- 3Q FY2025 Results (YoY Comparison)
Balance Sheet, Cash Flow Statement
FY2025 Forecasts
Summary of Consolidated Financial Results in Nine-Months Period Ended December 31, 2025ー
YoY Comparison
New record highs for net sales, operating profit, and ordinary profit
(Billion yen)
Change of Net Sales
Gain on translation of earnings of overseas subsidiaries Demand Increase
+4.8
+55.2
FY2024 | FY2025 | Change | |
Net Sales | 791.1 | 851.1 | 60.0 |
Operating Profit （Operating Profit Ratio） | 68.4 （8.7%） | 74.0 （8.7%） | 5.6 （0.0%） |
Ordinary Profit | 68.4 | 74.2 | 5.8 |
Extraordinary Profit | 16.2 | -0.5 | -16.7 |
Profit Before Income Taxes | 84.6 | 73.7 | -10.8 |
Profit Taxes | 25.4 | 23.0 | -2.4 |
Profit Attributable to Non-controlling Interests | 3.8 | 2.2 | -1.6 |
Profit Attributable to Owners of Parent (Ratio of Profit Attributable to Owners of Parent) | 55.4 （7.0%） | 48.5 （5.7%） | -6.9 （-1.3%） |
Change of Non-operating Profit
FY 2024
FY 2025
Net interest expense Foreign exchange gain
0.3（
0.4（
-0.5 →
0.1 →
-0.2 ）
0.5 ）
Others -0.4（ 0.3 → -0.1 ）
Change of Extraordinary Profit
0.2（
-0.1 →
0.2 ）
Gain on sales of investment securities
-16.6 （
16.6 →
0.1 ）
Others -0.1 （ -0.4 → -0.5 ）
(Period-End Rate : End of December） (Yen）
US$ | 158.18 | 156.56 | -1.62 |
EURO | 164.92 | 184.33 | 19.41 |
RMB | 21.67 | 22.36 | 0.69 |
(Average Exchange Rate) (Yen）
-16.7 （ 16.2 → -0.5 ）
US$ | 152.57 | 148.74 | -3.83 |
EURO | 164.83 | 171.83 | 7.00 |
RMB | 21.15 | 20.78 | -0.37 |
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)
Labor costs
R&D Depreciation and leases paid Other expenses
-7.5
-0.4
-2.3
+0.9
Impacts of rising raw material
costs
Effects of higher product selling price
Differences in model mix, in profitability between projects and cost reduction, others
-4.0
+0.8
+4.7
68.4Increase in sales and production volumes (+12.9)
Increase in fixed costs (-9.3)
Added value and others (+1.4)
Exchange rate effect (+0.5)
74.0FY2024 FY2025
Factors behind YoY Changes in Operating Profit in Nine-Months Period Ended December 31, 2025
Higher net sales and profit driven by Energy and Industry segments
(Billion yen) | 9 months FY2024 Results | 9 months FY2025 Results | Change | ||||||||
Net Sales | Operating Profit | Operating Profit Ratio | Net Sales | Operating Profit | Operating Profit Ratio | Net Sales | Operating Profit | Operating Profit Ratio | |||
Energy | 234.0 | 20.3 | 8.7% | 261.1 | 33.1 | 12.7% | 4.0% | ||||
+0.7* | 27.1 | +0.1* | 12.8 | ||||||||
Industry | 288.8 | 17.1 | 5.9% | 321.3 | 19.7 | 6.1% | 0.2% | ||||
+0.7* | 32.4 | +0.1* | 2.6 | ||||||||
Semiconductors | 166.7 | 21.5 | 12.9% | 172.7 | 15.0 | 8.7% | -4.2% | ||||
+3.4* | 6.0 | +0.3* | -6.6 | ||||||||
Food and Beverage Distribution | 85.5 | 12.3 | 14.4% | 79.6 | 9.3 | 11.7% | -5.9 | -3.0 | -2.7% | ||
Others | 41.6 | 2.4 | 5.8% | 42.5 | 2.5 | 6.0% | 0.9 | 0.1 | 0.1% | ||
Elimination and Corporate | -25.5 | -5.2 | - | -26.1 | -5.7 | - | -0.6 | -0.4 | - | ||
Total | 791.1 | 68.4 | 8.7% | 851.1 | 74.0 | 8.7% | 0.0% | ||||
+4.8* | 60.0 | +0.5* | 5.6 | ||||||||
※ Figures for FY2024 performance reflect the business reorganization undertaken in the FY2025. *Exchange rate effect | |||||||||||
Energy
8.7%
(Billion yen)
12.7%
Change
234.0
20.3
261.1+27.1 Sales
33.1+12.8 Operating
Profit
Sales Operating
Profit
FY2024
Sales Operating
Profit
FY2025
※ Figures for FY2024 performance reflect the business reorganization undertaken in the FY2025.
Higher net sales and operating result Operating profit ratio improved by 4pts | ||
Power Generation | Higher net sales and operating results （Net Sales Increased by 5%） Increase in net sales and operating results as a result of the benefits of an increase in large-scale hydropower generation facility projects. | |
Energy Management | Higher net sales and operating results （Net Sales Increased by 25%） Increase in net sales and operating results as a result of increases in storage battery system orders and in large-scale orders for substation equipment for power and industrial applications and power supply equipment for industrial applications. | |
Power Supply and Facility Systems | Higher net sales and operating results （Net Sales Increased by 9%） Increase in net sales and operating results due to growth in demand from data centers. | |
Equipment Construction | Higher net sales and operating results （Net Sales Increased by 9%） Increase in net sales and operating results due to an increase in large-scale orders, differences in profitability between projects, and the benefits of cost reduction activities. | |
Higher net sales and operating profit, driven by IT Solutions and Social Solutions
Industry
(Billion yen)
5.9% 6.1%
Factory Automation Components
Higher net sales while operating results unchanged (Net Sales Increased by 1%)
Increase in net sales following growth in demand for measuring instruments, but operating results were unchanged due to a decline in demand for low-voltage inverters.
Automation Systems
Higher net sales but operating results worsened (Net Sales Increased by 4%)
Increase in net sales due to increased demand from the steel industry. Decrease in operating results because of a rise in expenses associated with large-scale projects.
Social Solutions
Higher net sales and operating results (Net Sales Increased by 19%)
Increase in net sales and operating results due to increases in demand for transportation systems.
ED&C
Components
Higher net sales while operating results unchanged (Net Sales Increased by 4%)
Increase in net sales because of a modest recovery in demand from finished machinery manufacturers while operating results were relatively unchanged due to the impacts of higher material prices.
IT Solutions
Higher net sales and operating results (Net Sales Increased by 37%)
Increase in net sales and operating results following growth in large-scale orders from the academic sector.
Change
288.8
321.3+32.4
Sales
+2.6
Operating Profit
17.1
Sales Operating
Profit
FY2024
Sales Operating
19.7
Profit
FY2025
※ Figures for FY2024 performance reflect the business reorganization undertaken in the FY2025.
Decrease in operating profit as a result of lower sales of automotive semiconductors, a rise in expenses for bolstering production capacity, and increases in raw material costs
Semiconductors
(Billion yen)
12.9%
8.7%
Higher net sales but operating results worsened (Net Sales Increased by 4%)
Increase in net sales of industrial semiconductors due to higher demand in China and beneficial foreign exchange influences. Meanwhile, net sales of automotive semiconductors were down due to reductions in demand for power semiconductors for electrified vehicles.
Decrease operating results, regardless of the growth in sales of industrial semiconductors, due to the lower sales of automotive semiconductors, the rise in expenses for bolstering production capacity, and the increases in material costs
Change
166.7
172.7
+6.0
Sales
21.5
15.0
Sales | FY2024 | FY2025 | Change |
Industrial | 80.9 | 88.4 | 7.5 |
Automotive | 85.8 | 84.3 | -1.5 |
(Billion Yen)
-6.6
Operating Profit
Sales Operating
Profit
FY2024
Sales Operating
Profit
FY2025
Capital investment | 56.6 | 30.5 | -26.2 |
Depreciation and leases paid* | 27.0 | 28.7 | 1.7 |
* The total amount of depreciation and leases paid as stated in the consolidated financial report.