Fiscal 2025 Financial Statements

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

May 13, 2025

Listed Company Name: FUJI CORPORATION Securities Code: 6134

Listings: Tokyo Stock Exchange, Nagoya Stock Exchange

URL: https://www.fuji.co.jp/

Representative: Joji Isozumi, President, and CEO

Contact: Junichi Kano, CFO irsr@fuji.co.jp

Scheduled Ordinary General Meeting of Shareholders: June 27, 2025

Scheduled date to start dividend payments: June 30, 2025

Scheduled date to submit securities report: June 30, 2025

Preparation of results briefing materials: Yes

Holding of financial results briefing: Yes

(Amounts less than one million yen have been truncated)

1. Consolidated Financial Results (From April 1, 2024 to March 31, 2025)

   1. Consolidated Operating Results

      (Percentages indicate year-on-year changes)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      Fiscal year ended March 31, 2025	127,387	0.3	13,781	2.7	15,328	2.1	10,906	4.5
      Fiscal year ended March 31, 2024	127,059	(17.1)	13,421	(50.5)	15,010	(48.3)	10,438	(49.0)

      Note: Comprehensive income Fiscal year ended March 31, 2025: ¥6,476 million [(67.9)%]

      Fiscal year ended March 31, 2024: ¥20,194 million [(14.1)%]

      	Profit per share	Diluted profit per share	Return on equity	Ordinary profit to total assets	Operating profit to net sales
      	Yen	Yen	%	%	%
      Fiscal year ended March 31, 2025	119.64	-	4.9	6.2	10.8
      Fiscal year ended March 31, 2024	110.59	-	4.6	5.9	10.6

      Reference: Equity in earnings (losses) of affiliates Fiscal year ended March 31, 2025: ¥― million

      Fiscal year ended March 31, 2024: ¥― million

   2. Consolidated Financial Position

      	Total assets	Net assets	Equity ratio	Net assets per share
      	Millions of yen	Millions of yen	%	Yen
      As of March 31, 2025	244,289	218,682	89.5	2,461.37
      As of March 31, 2024	250,937	228,278	90.9	2,463.67

      Reference: Shareholders' equity As of March 31, 2025 : ¥218,561 million

      As of March 31, 2024 : ¥228,163 million

   3. Consolidated Cash Flows

      	Net cash provided by (used in) operating activities	Net cash provided by (used in) investing activities	Net cash provided by (used in) financing activities	Cash and cash equivalents at end of the period
      	Millions of yen	Millions of yen	Millions of yen	Millions of yen
      Fiscal year ended March 31, 2025	23,413	(11,418)	(16,195)	58,005
      Fiscal year ended March 31, 2024	30,187	(12,366)	(17,148)	62,466

2. Dividends

   	Dividends per share					Total dividend amount (Annual)	Dividend payout ratio (Consolidated)	Dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen 7,473 7,216	%	%
   Fiscal year ended March 31, 2024	-	40.00	-	40.00	80.00		72.3	3.3
   Fiscal year ended March 31, 2025	-	40.00	-	40.00	80.00		66.9	3.2
   Fiscal year ending March 31, 2026 (Forecast)	-	40.00	-	40.00	80.00		50.7

3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2026 (From April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes)

1. Significant changes in scope of consolidation during the period under review: None New Company: － Exclusion: －

2. Changes in accounting policies, accounting estimates, and retrospective restatements

   1. Changes in accounting policies in accordance with revision of accounting standards: None

   2. Changes in accounting policies other than item 1) above: None

   3. Changes in accounting estimates: None

   4. Retrospective restatements: None

3. Number of shares issued (common stock)

   1. Number of shares issued as of end of period (including treasury shares) As of March 31, 2025: 97,823,748 shares

      As of March 31, 2024: 97,823,748 shares

   2. Number of treasury shares as of end of period As of March 31, 2025: 9,026,846 shares

      As of March 31, 2024: 5,212,668 shares

   3. Average number of shares during the period

Fiscal year ended March 31, 2025: 91,158,931 shares

Fiscal year ended March 31, 2024: 94,387,039 shares

1. Non-consolidated Financial Results (From April 1, 2024 to March 31, 2025)

   1. Non-consolidated Operating Results

      (Percentages indicate year-on-year changes)

      	Net sales		Operating profit		Ordinary profit		Profit
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      Fiscal year ended March 31, 2025	95,174	3.5	9,374	11.5	10,276	1.5	8,373	15.5
      Fiscal year ended March 31, 2024	91,959	(21.8)	8,408	(61.6)	10,127	(62.3)	7,250	(64.0)

      	Profit per share	Diluted profit per share
      	Yen	Yen
      Fiscal year ended March 31, 2025	91.86	-
      Fiscal year ended March 31, 2024	76.81	-

   2. Non-consolidated Financial Position

Reference: Shareholders' equity As of March 31, 2025 : ¥171,246 million

As of March 31, 2024 : ¥182,334 million

(Notes on the forward-looking statements)

The forward-looking statements, including results forecasts, contained in these materials are based on information available to FUJI CORPORATION (hereinafter referred to as the "Company") and on certain assumptions deemed to be reasonable as of the date of release of this document and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors. Please refer to "1. Overview of Operating Results, etc. (4) Future Outlook" on page 4 of the attachment for details regarding assumptions and other matters concerning the forecast of consolidated results.

(How to obtain results briefing materials for financial results)

The results briefing materials will be posted on the Company's website from May 13, 2025.

1. Overview of Operating Results, etc. 2

   1. Overview of Operating Results for the Fiscal Year Ended March 31, 2025 2

   2. Overview of Financial Position for the Fiscal Year Ended March 31, 2025 3

   3. Overview of Cash Flows for the Fiscal Year Ended March 31, 2025 3

   4. Future Outlook 4

   5. Basic Policy for Profit Distribution and Dividends for the Fiscal Year Ended March 31, 2025 and the Fiscal Year Ending March 31, 2026 5

2. Basic Concept Concerning Selection of Accounting Standards 5

3. Consolidated Financial Statements and Primary Notes 6

   1. Consolidated Balance Sheets 6

   2. Consolidated Statements of Income and Comprehensive Income 8

      (Consolidated Statements of Income) 8

      (Consolidated Statements of Comprehensive Income) 9

   3. Consolidated Statements of Changes in Equity 10

   4. Consolidated Statements of Cash Flows 12

   5. Notes to Consolidated Financial Statements 13

      (Notes to assumption of going concern) 13

      (Notes to changes in presentation methods) 13

      (Notes to segment information, etc.) 13

      (Notes to per share information) 15

      (Notes to important subsequent events) 15

4. Others 16

   1. Changes to Senior Management 16

   2. Orders and Sales 16

   3. Information on Disaggregation of Revenue from Contracts with Customers 16

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1. Overview of Operating Results, etc.
   1. Overview of Operating Results for the Fiscal Year Ended March 31, 2025

In the fiscal year ended March 31, 2025, the Japanese economy recovered moderately on the back of inbound demand, although growing caution about U.S. tariff policy put downward pressure on business confidence in some areas, and corporate capital investment remained firm, centering on software investment. In the global economy, uncertainty in North America, including tariff policies, led to worsening business confidence in companies, while in Europe and China, the economy stalled due to sluggish exports.

In this environment, the Company and its subsidiaries (hereinafter referred to as the "Group") have set the purpose of "Enriching the lives of those in the world around us," and aim to create new value for society and realize a sustainable and mindful society full of smiling faces by providing products and services that will excite and inspire our customers in the areas of manufacturing, nursing care, logistics, etc. on the foundation of robotics and automation technology. In our main business of Robotic Solutions, with the aim to have the top market share for all products we handle, we strived to develop new markets and customers by focusing on expanding the sales of new-generation models such as the FUJI Smart Factory Platform NXTR and the expandable all-in-one pick and place machine AIMEXR, as well as worked on the speedy development of original and competitive products. Furthermore, we promoted solution proposals centered on the FUJI Smart Factory as well as strived to strengthen sales and technical support systems in Japan and abroad through cooperation with dealers and Group companies. Additionally, at the Okazaki Factory, which is our primary factory for manufacturing SMT pick and place machines, we rebuilt part of the existing factory buildings and constructed a new factory building, thereby boosting our production capacity. Also, we have reorganized our organizational structure, aiming to create businesses that will become the pillars of the next generation, and promoted the commercialization of products other than SMT pick and place machines, such as the smart locker system Quist, the transfer support robot Hug and the waste-sorting robot R-PLUS. In the Machine Tools business, we have revamped our organizational structure in order to pivot to the establishment of the business foundation and achievement of sustainable profit growth. In addition, we worked to establish our superiority in the turnkey business and ultimately acquire new customers by striving to improve production efficiency and proposal-based sales capabilities. We also promoted improvements in operational efficiency in production, sales and development in the Group through the use of digital technology and aimed to increase profitability.

As a result of the above, net sales for the fiscal year ended March 31, 2025 increased by ¥327 million (0.3%) from the previous fiscal year, to ¥127,387 million. Operating profit increased by ¥359 million (2.7%) from the previous fiscal year, to ¥13,781 million, and ordinary profit increased by ¥318 million (2.1%) from the previous fiscal year, to

¥15,328 million. In addition, profit attributable to owners of parent increased by ¥468 million (4.5%) from the previous fiscal year, to ¥10,906 million.

Operating results by segments are as follows. Robotic Solutions

In China, a certain degree of demand was seen mainly for smartphones, PCs, and automotive-related products, and in Vietnam, capital investment grew for smartphones and other telecommunications-related products and PCs, while capital investment demand in Europe and the United States was sluggish due to economic uncertainty. As a result, net sales for the segment decreased by ¥439 million (0.4%) from the previous fiscal year, to ¥114,157 million. Operating profit decreased by ¥1,972 million (10.8%) from the previous fiscal year, to ¥16,349 million.

Machine Tools

Due to temporary demand for capital investment in the North American automobile market, net sales for the segment increased by ¥637 million (6.1%) from the previous fiscal year, to ¥11,093 million. In addition, because of structural reforms, including our organizational structure, operating profit was ¥740 million (operating loss for the previous fiscal year was ¥786 million).

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