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Fujitsu : Presentation Material (Slides with notes) (2025FY Financial Summary note en)
Fujitsu : Presentation Material (Slides with notes) (2025FY Financial Summary note

About this update from Fujitsu Limited
FY2025 Consolidated Financial Results April 28, 2026 Fujitsu Limited © 2026 Fujitsu Limited Financial Results for FY2025 2 © 2026 Fujitsu Limited FY2025 Results: Overview (Service Solutions) Achieved Record High Profit (Billions of yen) Revenue 1,984.2 2,137.5 2,245.9 2,346.9 Adjusted Operating Profit Margin Adjusted Operating Profit 162.9 ▎ Revenue was 2,346.9 billion yen (up 4.5% from prior year) Excluding the impact of restructuring, actual revenue was up 5.6% (business in Japan was up 8.3%) Revenue in Uvance was 709.3 billion yen (up 47% from prior year) Revenue in modernization was 249.7 billion yen (up 24% from prior year) Both surpassed their target revenue in the Medium-Term Management Plan FY22 FY23 FY24 FY25 Term of the Medium-Term Plan ▎ Adjusted operating profit was 361.4 billion yen (up 24.7% from prior year) Adjusted operating profit margin was 15.4% (up 2.5% from prior year) In addition to the effects of higher revenue, profitability also improved 3 © 2026 Fujitsu Limited 15.4% 12.9% 11.1% 361.4 8.2% 289.9 237.2 Page 3. I will first provide an overview of our financial results for fiscal 2025, starting with Service Solutions, our most important segment. Revenue for fiscal 2025 was 2,346.9 billion yen, up 4.5% from the prior year. Excluding the impact from business restructuring, actual revenue was up 5.6%. Of this, revenue from business in Japan was up 8.3%. This growth was mainly driven by our Uvance and Modernization businesses. Revenue in Uvance was up 47%, and revenue in Modernization was up 24% from the prior year. Both surpassed their target revenue in the Medium-Term Management Plan. Adjusted operating profit was 361.4 billion yen, up 25% from the prior year. The adjusted operating profit margin was 15.4%, an improvement of 2.5 percentage points from the prior year. In addition to the benefit of higher revenue, we also made steady progress in improving profitability. As a result, adjusted operating profit was mostly in line with our plan, and we were able to surpass last year's record high profit. © 2026 Fujitsu Limited 4 Term of the Medium-Term Plan *Revenue and Adjusted Operating Profit exclude Device Solutions ▎ Net profit prior to adjustment was 449.4 billion yen (up 229.6 billion yen from prior year) In addition to an increase in profit in our main business, we also recorded a profit on the sale of SHINKO ELECTRIC INDUSTRIES CO., LTD and GENERAL Inc. FY25 449.4 FY24 219.8 FY23 254.4 FY22 215.1 Before Adjusted Net Profit 289.9 237.2 162.9 ▎ Adjusted operating profit was 390.5 billion yen (up 27.1% from prior year) Higher profit in all business segments (up 10.5 billion yen from the prior announcement in January) 361.4 243.4 Adjusted Operating Profit Service Solutions 265.3 307.2 ▎ Revenue was 3,502.9 billion yen (down 1.3% from prior year) Excluding the impact of restructuring, actual revenue was up 0.9% Revenue increased in Service Solutions, but declined in Hardware Solutions and Ubiquitous Solutions 390.5 7.6% 7.3% 8.7% Adjusted Operating Profit Margin 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 11.2% 361.4 Page 4 shows an overview of our consolidated total results. Revenue was 3,502.9 billion yen, down 1.3% from the prior year. Excluding the impact from business restructuring, however, it was up 0.9%. Revenue in Service Solutions increased, as I previously explained, but revenue in Hardware Solutions and Ubiquitous solutions declined. Adjusted operating profit was 390.5 billion yen, up 27% from the prior year. Each business segment posted higher profits compared to the prior year, up 10.5 billion yen from the prior announcement in January. The consolidated total adjusted operating profit also surpassed last year's record high profit. Net profit prior to adjustment was 449.4 billion yen, up 229.6 billion yen from the prior year, a two-fold increase. In addition to the increase in profit in our main business, gains on the sales of SHINKO ELECTRIC INDUSTRIES CO., LTD and GENERAL Inc. also contributed substantially to profit. Needless to say, net profit prior to adjustment also hit a record high. Asset Recycling 296.0 157.1 177.5 197.2 151.9 233.6 214.7 289.9 Others 186.5 Increase in Cash Generation (Billions of yen) Core FCF FCF 482.6 ▎ Core free cash flow was 289.9 billion yen (up 56.2 billion yen from prior year, an improvement of 24.1%) Profit in our main business increased, and working capital efficiency improved ▎ Free cash flow was 482.6 billion yen (up 267.9 billion yen from prior year, an improvement of 124.8%) In addition to the improvement in core free cash flow, there were also proceeds from the sale of SHINKO ELECTRIC INDUSTRIES CO., LTD and GENERAL Inc., leading to a significant increase in free cash flow FY22 FY23 FY24 FY25 Term of the Medium-Term Plan * Asset Recycling: The sale of a device business and GENERAL Inc. 5 © 2026 Fujitsu Limited Page 5. Cash flows and cash generation both increased steadily. Excluding one-time cash inflows or outflows, core free cash flow was 289.9 billion yen, an increase in inflows of 56.2 billion yen from the prior year, up 24%. This was due to an increase in profit in our main business, as well as improvement in working capital efficiency. Free cash flow was 482.6 billion yen, an increase in inflows of 267.9 billion yen from the prior year. In addition to the improvement in core free cash flow, there were also proceeds from the sale of SHINKO ELECTRIC INDUSTRIES CO., LTD and GENERAL Inc., leading to a more than two-fold increase from the prior year. (Billions of yen) FY2023 FY2024 vs. LY (%) Excl. restructuring etc. (%) 2,137.5 2,245.9 100.9 4.5 5.6 1,533.3 1,656.2 115.4 7.0 8.3 604.1 589.7 -14.5 -2.5 237.2 289.9 71.4 24.7 [11.1%] [12.9%] [2.5%] 1,108.0 1,119.9 -110.0 -9.8 -5.0 83.6 61.3 5.7 9.3 273.3 251.7 -21.9 -8.7 24.2 31.3 7.4 23.8 -41.9 -67.5 -16.0 - -79.7 -75.3 -1.3 - 3,476.9 3,550.1 -47.1 -1.3 0.9 265.3 307.2 83.3 27.1 [7.6%] [8.7%] [2.5%] Business Segment Information *Excluding restructuring, etc.: Services Excluding the impact of last fiscal year's sale of contact center business Hardware Excluding the impact of the change from gross sales standard for software from other companies to net sales 6 © 2026 Fujitsu Limited FY2025 2,346.9 1,771.7 575.2 361.4 [15.4%] 1,009.8 67.0 229.8 38.8 -83.6 -76.7 3,502.9 390.5 [11.2%] Service Solutions Revenue Japan Outside Japan Adj. Operating Profit [%] Hardware Solutions Revenue Adj. Operating Profit Ubiquitous Solutions Revenue Adj. Operating Profit Inter-segment Elim./Corporate Revenue Adj. Operating Profit Total Revenue Adj. Operating Profit [%] Page 6. Next, I will provide an overview of the results for each segment. Each business segment posted higher profits compared to the prior year. In the following pages, I will go through the results for each segment in detail. FY2023 FY2024 FY2025 vs. LY -47.1 (%) -1.3 Revenue 3,476.9 3,550.1 3,502.9 390.5 [11.2%] Adjusted Operating Profit [Adjusted Operating Profit Margin] 265.3 [7.6%] 307.2 [8.7%] 83.3 [2.5%] 27.1 Adjusted Net Profit from Continuing Operations 229.3 235.2 297.7 62.4 26.6 Adjusted Net Profit from Discontinued Operations 6.4 5.7 0.5 -5.1 -90.3 Adjusted Net Profit 235.8 240.9 298.2 57.3 23.8 Consolidated Results Operating Profit 149.3 265.0 348.3 83.2 31.4 Net Profit from Continuing Operations 255.4 207.0 305.4 98.4 47.6 Net Profit from Discontinued Operations -0.9 12.7 143.9 131.1 - Net Profit 254.4 219.8 449.4 229.6 104.5 Consolidated PL Adjusted Consolidated Results (Billions of yen) Change vs. Previous Forecast -27.0 10.5 23.2 -11.6 24.4 © 2026 Fujitsu Limited Page 7 shows adjusted operating profit, which reflects our main business, and consolidated results prior to adjustment, which includes one-time gains and losses. The top half of the slide shows adjusted consolidated results, which reflect our main business. Profits increased significantly and achieved a record high, as I previously explained. The bottom half of the slide shows consolidated results prior to adjustment, which includes one-time gains and losses, such as the impact from business restructuring. Operating profit was 348.3 billion yen, whereas net profit was 449.4 billion yen. In operating profit, although we recorded adjustment items such as business restructuring expenses and Purchase Price Allocation (PPA) related to business acquisitions, there were also gains from the sale of SHINKO ELECTRIC INDUSTRIES CO., LTD and GENERAL Inc. that were recorded as income from investments accounted for using the equity method. This substantially contributed to the growth in profit. Business Segment Information (Adjusted Operating Profit) 8 © 2026 Fujitsu Limited Page 8. Next, I will provide a breakdown of the results for each segment. FY2024 FY2025 vs. LY (%) evenue 2,245.9 2,346.9 100.9 4.5 [Uvance] [482.8] [709.3] [226.4] [46.9] [Modernization] [201.0] [249.7] [48.7] [24.2] Japan 1,656.2 1,771.7 115.4 7.0 Outside Japan 589.7 575.2 -14.5 -2.5 djusted perating Profit 289.9 361.4 71.4 24.7 argin] [12.9%] [15.4%] [2.5%] Service Solutions (Billions of yen) Excl. restructuring etc. (%) R 5.6 8.3 ▎ Revenue Up 7% in Japan (up 8.3% excluding restructuring) Strong growth in Uvance and modernization Down 2% outside of Japan, lower revenue because of a pullback from large-scale deals in the prior year A O [A m ▎ Adjusted operating profit (a new record) Steady progress in profitability improvements, in addition to the benefit of higher revenue *Japan: Global solutions, Regions (Japan) *Outside Japan: Regions (International) * Excluding restructuring, etc.: Excluding the impact of last fiscal year's sale of contact center business 9 © 2026 Fujitsu Limited Service Solutions Page 9. First is Service Solutions. I will omit an explanation for the figures, as I have already explained them. Starting with the next page, I will provide an overview of the segment's results and explain the factors behind the increases and decreases in adjusted operating profit. Factors Behind Change in Adjusted Operating Profit Revenue +100.9 / Adjusted Operating Profit +71.4 [+2.5%] (Billions of yen) +43.7 [+2.0 % ] -13.2 [-0.6 % ] 15.4% [+2.5 % ] +41.0 [+1.2 % ] 12.9% Improvement in profitability (Gross margin +2.0% ) Investment expansion, etc. Uvance offerings modernization consulting Increase in profit due to increased revenue Increased revenue +100.9 Excl. restructuring etc. Revenue growth +5.6% 36.7% 38.7% FY24 ⇒ FY25 in Japan +8.3% FY24 FY25 10 © 2026 Fujitsu Limited Service Solutions 361.4 289.9 Page 10 shows a breakdown of the changes since last year in adjusted operating profit for Service Solutions. On the very left, adjusted operating profit for fiscal 2024, the previous fiscal year, was 289.9 billion yen. That will be the starting point for the factors on the right that impacted results for fiscal 2025. First, profit increased by 41 billion yen from the benefit of higher revenue. This was mainly due to revenue growth in Japan. Second, profit increased by 43.7 billion yen from profitability improvements. This was a result of the continued standardization and automation of development work, as well as the benefits of using AI in the development process beginning to emerge. In addition, in Regions (International), we started to see the results of our portfolio transformation. As a result, overall, the gross margin improved by 2 percentage points this fiscal year as well. Third, profit decreased by 13.2 billion yen because of an increase in growth investments. In addition to accelerating investments directly linked to business growth, such as developing Uvance offerings, bringing together expertise regarding Modernization, and enhancing consulting capabilities, we also expanded investments in initiatives such as cybersecurity measures. Bringing this together, profit increased by 71.4 billion yen. As a result, adjusted operating profit in fiscal 2025 for Service Solutions was 361.4 billion yen, and the adjusted operating profit margin was 15.4%, an improvement of 2.5 percentage points from the prior year, as shown on the far-right side of the chart. 1Q 2Q FY2024 3Q 4Q Total FY2025 1Q 2Q 3Q 4Q Total Japan Private Enterprise Business [Manufacturing & Distribution & Retail] Finance Business [Finance & Insurance] Public&Healthcare [Government & Local government & Healthcare] Mission Critical and others [Mission Critical & National Security & others] 97% 106% 100% 85% 131% 101% 99% 117% 97% 98% 109% 107% 104% 111% 110% 111% 109% 130% 105% 110% 105% 106% 114% 98% 111% 101% 105% 106% 95% 102% 97% 97% 107% 101% 101% 119% 86% 82% 92% 94% 96% 125% 95% 109% 105% 114% 103% 152% 70% 102% Orders (Japan) Very strong demand continues in services in Japan, particularly in DX [Excl. large-scale deals] [108%] [106%] [105%] [108%] [113%] *Large-scale deals: multi-year contracts, with each deal exceeding 2.5 billion yen ( on average, each deal has a contract period of about 5 years and a contract amount of roughly 5.0 billion yen ) 11 © 2026 Fujitsu Limited Service Solutions Page 11. I will now provide some additional information on each of the items in the previous waterfall chart. First, we will look at the status of orders, which led to sales. This page shows orders in Japan. Total orders in fiscal 2025 in Japan were up 2% from the prior year. Excluding large-scale deals that have a contract term spanning several years, orders were up 8%. Demand remains robust, primarily for digital transformation (DX) projects. I will now comment on each industry segment. Orders in the enterprise segment were at the same level as the prior year. Excluding large-scale multi-year deals, orders were up 6%. For manufacturing-related demand, there were some cases in which individual customers narrowed down their IT investments related to operation and maintenance due to uncertainty about the future. Demand related to DX, on the other hand, continued to experience strong growth. We also made progress in expanding our market share, and there was an overall trend of growth throughout the entire year. In the finance segment, orders were down 6% compared to the prior year. Excluding the impact of large-scale multi-year business deals, including maintenance for a mission-critical system at a major bank in the prior year, orders were up 5%. We were able to increase orders by systematically organizing our offerings aimed at accelerating DX at financial institutions as Uvance for Finance offerings, and introducing new offerings for both account processing and branch solutions. In the public and healthcare segment, orders were up 5% from the prior year. Excluding large-scale multi-year deals, orders were up 8%. Orders increased across nearly all areas of the segment, including government agencies, local governments, and the healthcare field. Mission critical and other orders were up 2% from the prior year. Excluding large-scale multi-year deals, orders were up 13%, representing a significant increase. In particular, orders in national security, basically for defense-related projects, saw extremely strong growth. Overall, business in Japan continued to experience favorable conditions, with particularly strong demand for DX, Sustainabiliy Transformation (SX), and Modernization projects. Going forward, we will continue to propose higher value-added offerings under the guidance of our Uvance Wayfinders consultants, and we will leverage our highly reliable and productive delivery team in order to securely meet demand. Service Solutions Coverage Ratio 49% Coverage Ratio 53% Coverage Ratio 53% 927.0 [111%] Order Backlog (Japan) Total order backlog at the end of fiscal 2025: 1,127 billion yen (107% of prior year) Of this, the expected revenue for fiscal 2026 is 1,033 billion yen (110% of prior year) Revenue expected in fiscal 2027: 94.1 billion yen 1,771.7 Planned revenue for fiscal 2026: 1,960 billion yen (111% of prior year) Order backlog coverage ratio: 53% (on par with prior year) (Billions of yen) 1,960.0 [ 111 %] 813.9 [109%] 1,656.2 [108%] 936.0 [115%] [ 107%] 1,033.0 [110%] Opening Order Backlog Revenue [Actual] Opening Order Backlog Revenue [Actual] Opening Order Backlog Orders expected to be won in the period Revenue [Plan] FY24 FY25 FY26 (Forecast) 12 © 2026 Fujitsu Limited Page 12 shows our order backlog in Japan at the end of fiscal 2025. This is the backlog of contracts that will generate revenue in fiscal 2026 and beyond. The total order backlog at the end of fiscal 2025 was 1,127 billion yen, up 7% from the same period in the prior year. Of this, the expected revenue for fiscal 2026 is 1,033 billion yen, up 10% from the prior year. Given these orders and the condition of our pipeline for expected deals, in fiscal 2026, we are projecting revenue of 1,960 billion yen, up 11% from the prior year. The order backlog coverage ratio is 53%, which represents progress that is mostly on par with prior years. The remaining revenue that is not covered by our existing order backlog will need to be secured by winning new orders in fiscal 2026. Although not included in the slides, the number of deals in our pipeline at the end of fiscal 2025, i.e., deals that we believe have the potential to lead to orders, is 16% higher than the same period in the prior year. Although there may be some deals we do not secure among these, we have sufficient resources to achieve our plan targets, and we intend to leverage them to produce results. FY2024 FY2025 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Europe 86% 84% 78% 128% 93% 177% 93% 97% 70% 99% Americas 104% 50% 151% 73% 88% 51% 120% 69% 124% 82% Asia Pacific 114% 138% 199% 96% 134% 117% 99% 63% 105% 93% 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 13 © 2026 Fujitsu Limited Service Solutions Page 13. Next, I will go over orders from outside of Japan. In Europe, there were fluctuations in deals, but orders for the full year were on par with the previous year. In the Americas and Asia Pacific regions, orders were down due to large-scale multi-year business deals in the prior year, mainly for public sector projects. Uvance 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. (Billions of yen) Orders 418.5 + 31 % 548.6 + 33 % + 47 % 727.5 709.3 + 31 % 482.8 Revenue 367.9 Vertical + 69 % 200.0 Horizontal + 34 % Percentage of total revenue FY22 FY23 FY24 10 % 17 % 21 % FY25 Uvance 30 % Term of the Medium-Term Plan 14 © 2026 Fujitsu Limited Service Solutions 185.0 251.5 307.6 116.3 Horizontal 412.4 175.2 Vertical 296.8 Page 14 shows the status of Uvance, which is a main driver of our business growth and the transformation of our business portfolio. The figures on top show orders in fiscal 2025 of 727.5 billion yen, an increase of 33% from the prior year. The graph on the bottom shows revenue. Revenue in fiscal 2025 was 709.3 billion yen, up sharply by 47% from the previous year. The Vertical areas, mainly data and AI, rose very sharply, up 69%, and exceeded our target level of 700 billion yen. Within Service Solutions, the composition of revenue from Uvance increased from 21% in the prior year to 30%. Service Solutions Modernization Modernization experienced a high level of demand and surpassed the target revenue of 330 billion yen (Billions of yen) Orders 232.6 Up 65 % 384.7 Up 4 % Modernization total Up 32 % 399.2 392.1 Modernization total Up 86 % 296.9 Revenue Service Up 24 % Service Solutions 160.0 110.0 Service Up 70 % Uvance 13.6 14.9 21.7 Hardware Solutions Percentage of total revenue FY22 FY23 FY24 FY25 Modernization 4 % 6 % 9 % 11 % 81.5 118.5 201.0 249.7 Term of the Medium-Term Plan 15 © 2026 Fujitsu Limited 28.0 37.4 58.5 114.3 ハードウェ ア 201.0 249.7 81.5 118.5 19.9 Fujitsu Uvance Page 15 shows Modernization, which is our other growth pillar. Our orders in fiscal 2025 were 399.2 billion yen, an increase of 4% over the prior year, when there were many large-scale multi-year contracts, but we were still able to exceed that level in fiscal 2025. Overall revenue in fiscal 2025 was 392.1 billion yen, an increase of 32% from the prior year. Demand for modernization business was very strong, clearly exceeding our target level of 330 billion yen. Excluding the overlap from Uvance, revenue from services was 249.7 billion yen, an increase of 24% from the prior year. Within Service Solutions, the composition of revenue from Modernization increased to 11%. 34.2% Total 9 Months 1H 1Q FY23 FY22 32.0% 32.5% 33.1% 33.3% +2% FY24 34.8% 35.1% FY25 +2% 35.9% 35.7% 36.7% 37.1% +2% 37.8% 38.7% ▎ Trends in gross margin 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 the development process (Japan Global Gateway) ② Increased speed and stabilization of quality through the use of generative AI Approximately 30,000 system engineers and partner companies in Japan are using generative AI in 70% of their projects in Japan Starting in the second half of fiscal 2025, we have provided a generative AI usage environment to 36 additional countries outside of Japan ③ Pricing strategy of added value ④ Optimization of human resources portfolio Improved productivity through the optimal allocation of human resources 16 © 2026 Fujitsu Limited Service Solutions Up 2 % This slide shows the status of improvements to profitability and the gross margin. Improvements in profitability led to the positive effect of adjusted operating profit increasing by 43.7 billion yen. The gross margin saw an improvement of 2 percentage points in fiscal 2025 as well. There was also improvement in our standardization of the development process, automation, and the expansion of the standardization of our delivery model, as well as the positive effects associated with greater familiarization with this. Regarding the use of AI in our delivery process, we are making progress on expanding our generative AI development environment, which enables its use under secure conditions, in Japan and 36 other countries. There is still only a limited number of projects for which the entire development process is carried out on our AI-driven development platform, so only a portion of projects have benefited from productivity improvements. By expanding the usage of AI and the extent to which it is incorporated, we believe that we will achieve sustainable and significant improvements in productivity going forward. By providing higher value-added services through improving service quality and speeding up our delivery, we will continue to achieve sustainable improvements in productivity. FY2024 FY2025 vs. LY (%) Revenue 2,245.9 2,346.9 100.9 4.5 Service Solutions Adjusted Operating Profit 289.9 361.4 71.4 24.7 [%] [12.9%] [15.4%] [2.5%] Revenue 511.2 540.6 29.3 5.7 Global Solutions Adjusted Operating Profit 5.6 33.3 27.6 - [%] [1.1%] [6.2%] [5.1%] Revenue 1,310.4 1,366.8 56.3 4.3 Regions (Japan) Adjusted Operating Profit 260.3 293.9 33.6 12.9 [%] [19.9%] [21.5%] [1.6%] Revenue 589.7 575.2 -14.5 -2.5 Regions (International) Adjusted Operating Profit 23.9 34.1 10.1 42.4 [%] [4.1%] [5.9%] [1.8%] Intra-seg. Elim Revenue -165.4 -135.6 29.7 - Breakdown by Sub-Segment (Billions of yen) Excl. restructuring etc. (%) 5.6 9.9 ▎ Global Solutions Increased revenue, primarily in Uvance offerings Scrutiny of development expenses for each offering Growth of recurring business ▎ Regions (Japan) Increase in DX and modernization projects Improvement in profitability from enhanced delivery and pursuit of value Increased investment in consulting ▎ Regions (International) Declined in revenue due to pullback from large-scale multi-year contracts in the public sector Increased profit from the effects of our business portfolio transformation (1.7% in fiscal 2023, 4.1% in fiscal 2024, 5.9% in fiscal 2025) *Excluding restructuring, etc.: Excluding the impact of last fiscal year's sale of contact center business 17 © 2026 Fujitsu Limited Service Solutions Page 17 provides an overview of each sub-segment in Service Solutions. Each sub-segment posted higher profits compared to the prior year. First is Global Solutions. Excluding the impact of restructuring, actual revenue was up by 9.9%. Adjusted operating profit was 33.3 billion yen, up 27.6 billion yen from the prior year. The main driver behind this increase in adjusted operating profit was the growth of Uvance. The adjusted operating profit margin was 6.2%, and we will continue to further improve this figure by increasing revenue. In Regions (Japan), revenue was up 4.3%. Adjusted operating profit was 293.9 billion yen, up 33.6 billion yen from the prior year. Business increased due to demand for DX and Modernization. Additionally, we also made progress on profitability improvement and were able to ensure a significant increase in profit while also increasing our investment in such efforts as enhancing our consulting capabilities. The adjusted operating profit margin was 21.5%, an improvement of 1.6 percentage points from the prior year. In Regions (International), revenue declined by 2.5%. This was primarily due to the prior year's large-scale multi-year contracts in the public sector in Oceania. Adjusted operating profit was 34.1 billion yen, up 10.1 billion yen from the prior year. The adjusted operating profit margin was 5.9%. Although this figure is still low, our portfolio transformation and restructuring efforts have allowed us to finally be able to improve to this point. FY2024 FY2025 vs. LY (%) Revenue 1,119.9 1,009.8 -110.0 -9.8 System Products 938.3 816.2 -122.1 -13.0 Network Products 181.6 193.6 12.0 6.6 Adjusted Operating Profit 61.3 67.0 5.7 9.3 [Adj. operating profit margin] [5.5%] [6.6%] [1.1%] Hardware Solutions (Billions of yen) Excl. restructuring etc. (%) -5.0 -7.3 System Products Pullback from large-scale contracts, mainly in the public sector Scaling down business of third-party products smaller business in Asia Improved business efficiencies through the integration of the production and sales of Fsas Technologies *Excluding restructuring, etc.: Excluding the impact of the change from gross sales standard for software from other companies to net sales Network Products Increased revenue from base stations (earlier delivery schedule) Effects of higher revenue and efficiency improvements in 1FINITY 18 © 2026 Fujitsu Limited Page 18. I will now talk about the other segments besides Service Solutions. First is Hardware Solutions. Excluding the impact from the changes in the way revenue is recorded, revenue declined by 5% from the prior year. Adjusted operating profit, on the other hand, was 67 billion yen, up 5.7 billion yen from the prior year. In System Products, excluding the impact from the changes in the way revenue is recorded, revenue declined by 7.3%. This was due to large-scale business deals in the public sector and scaling down the sale of third-party products, as well as downsizing small-scale and unprofitable businesses in Asia. Profitability improved as a result of changes to our revenue structure and because the integration of production and sales at Fsas Technologies improved business efficiency. In Network Products, revenue increased by 6.6%. This was in part due to recording earlier than expected revenue from base stations. The positive effects of higher revenue and progress made on business efficiency improvements at 1FINITY also contributed to higher revenue. FY2024 FY2025 vs. LY (%) Revenue 251.7 229.8 -21.9 -8.7 Adjusted Operating Profit 31.3 38.8 7.4 23.8 [Adj. operating profit margin] [12.5%] [16.9%] [4.4%] FY2024 FY2025 vs. LY Adjusted -75.3 Operating Profit -76.7 -1.3 Ubiquitous Solutions (Billions of yen) Lower revenue because of the ending of higher demand stemming from the conclusion of Windows 10 support (October 2025), and because of a pullback from large-scale deals in the prior year Higher profit due to progress on the shift in sales to higher value-added products Inter-segment Elim./ Corporate (Billions of yen) Continued advanced research (AI, quantum computing, etc.) and implementation of medium- to long-term growth investments as planned 19 © 2026 Fujitsu Limited Page 19. The top part of the page is Ubiquitous Solutions. Revenue declined by 8.7%. Despite this, adjusted operating profit was 38.8 billion yen, up 7.4 billion yen. Although the demand previously generated from the end of support for Windows 10 essentially wound down, we succeeded in our efforts to increase the sales of high value-added products, which led to higher profit. Toward the bottom is Inter-Segment Eliminations and Corporate. We are moving forward in advanced R&D areas, such as AI, quantum computing, and next-generation CPUs. Cash Flows, Assets, Liabilities and Equity 20 © 2026 Fujitsu Limited Page 20. Now that I have talked about each of the segments, I will move on to the status of cash flows and the balance sheet. FY2025 vs. LY 56.2 289.9 Ⅰ Cash flows from operating activities 303.8 Ⅱ Cash flows from investing activities -89.1 Ⅰ+Ⅱ Free Cash Flow 214.7 Ⅲ Cash flows from financing activities -240.4 338.1 34.2 144.4 233.6 482.6 267.9 -379.7 -139.2 Cash Flows (Consolidated) (Billions of yen) Core Free Cash Flow * 233.6 * 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: Higher profits and working capital efficiencies ▎ Cash flows from investing activities: Cash inflows from the sale of SHINKO ELECTRIC INDUSTRIES Co., Ltd. and GENERAL Inc. Cash outflows from the acquisition of BrainPad Inc. and investment in Rapidus Corporation ▎ Cash flows from financing activities: Repayment of short-term borrowings 21 © 2026 Fujitsu Limited FY2024 Page 21. First, I will talk about cash flows. Excluding one-time cash inflows or outflows, core free cash flow was 289.9 billion yen, an increase in inflows of 56.2 billion yen from the prior year. In addition to growth in profit, progress was made on bringing greater efficiencies to working capital, and cash generation increased. Toward the bottom of the table, free cash flow, including one-time inflows or outflows, was 482.6 billion yen, an increase in inflows of 267.9 billion yen from the prior year. In addition to the improvement in core free cash flow, there were improvements in cash flows from investing activities. The sale of businesses, including SHINKO ELECTRIC INDUSTRIES CO., LTD and GENERAL Inc., also made a significant contribution to the increase in inflows. FY2024 vs. LY Core Free Cash Flow 233.6 56.2 Adjusted items from GAAP Free Cash Flow -18.9 211.6 Business transfers 49.0 240.7 Business model transformation expenditures -48.4 18.7 M&A related expenditures -19.5 -47.8 Free Cash Flow 214.7 267.9 Core Free Cash Flow and Adjusted Items (Billions of yen) Main adjustment items ▎ Business transfers: (Fiscal 2025) Inflows from the sale of SHINKO ELECTRIC INDUSTRIES Co., Ltd. and GENERAL Inc. ▎ Business model transformation expenditures: (Fiscal 2025) Lower one-time expenses relating to business structural reforms in Europe ▎ M&A-related expenditures: (Fiscal 2025) Outflows from the acquisition of BrainPad Inc. and investment in Rapidus Corporation 22 © 2026 Fujitsu Limited FY2025 289.9 192.7 289.7 -29.7 -67.3 482.6 Page 22 shows the adjusted items from cash flow and one-time inflows and outflows. I will omit an explanation for this page. Year-end FY2024 vs. LY Total Assets 3,497.8 -98.0 Total Liabilities 1,595.7 -240.5 Total Equity 1,902.0 142.5 Total Equity Attributable to Owners of the Parent 1,740.9 283.9 Reference: Financial Indices Interest-bearing Loans 247.0 133.0 -113.9 (Net Interest-bearing Loans) [11.0] [-317.2] [-328.2] Assets, Liabilities and Equity (Consolidated) (Billions of yen) 23 © 2026 Fujitsu Limited Year-end FY2025 3,399.7 1,355.1 2,044.5 2,024.9 Page 23 shows the status of Assets, Liabilities and Equity. I will omit an explanation for this page. Review of Medium-Term Management Plan 24 © 2026 Fujitsu Limited Page 24. I will now review our Medium-Term Management Plan. FY20 FY21 FY22 FY23 FY24 FY25 Core FCF 184.4 151.9 157.1 197.2 233.6 289.9 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) 11.2% Operating Profit Margin FY22-FY25 7 % → 11 % 8.7% Adjusted Operating Profit Margin 6.6% 7.3% 7.6% 6.2% 390.5 307.2 Operating Profit FY22-FY25 1.6 times 217.5 243.4 265.3 199.8 Adjusted Operating Profit Term of the Previous Medium-Term Plan Term of the Medium-Term Plan Core FCF FY22-FY25 1.8 times *Revenue and Adjusted Operating Profit exclude Device Solutions 25 © 2026 Fujitsu Limited First, I will talk about the trends in consolidated adjusted operating profit. At the very top is revenue. The dotted line graph shows the adjusted operating profit margin, and the bar graph beneath it shows adjusted operating profit. Then, at the very bottom, is core free cash flow. We made progress on transforming our business and human resources portfolios. In particular, there has been significant improvement in profitability and cash generation. +37% FY25 Projection © 2026 Fujitsu Limited +40 % FY23 FY24 FY25 +7.7 +5.6 (Compared +8% to FY22) Diversity in leadership (Ratio of female executives) (Compared to FY20) -42.8 % - 31% - 42.9% (Compared to FY22) Target More than -12.5% FY23 FY24 FY25 FY23 FY24 FY25 Projection 17.5 % 16 % 17 % Target 20 % FY23 FY24 FY25 Projection * Device Solutions is excluded from non-financial indicators. FY23 FY24 * Scope 3 emissions refer only to Category 11 (CO2 emissions generated from power consumption when the product is used). 26 +27.4 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 Standard Actual results Target Greenhouse gas emissions across the Fujitsu Group (10ktons) Scope 1&2 emissions (Compared to FY20) Customer NPS (NPS ®) (Compared to FY22) Productivity per person (Compared to operating profit in FY22) Employee engagement (Compared To FY20) - 59.2 % Target +20 +89 % 69 71 68 Target - 43.6% - 49.9% Target More than -50% 75 Target FY23 FY24 FY25 Projection Supply chain Scope 3 emissions (Compared to FY20) Human Resources Productivity Customers Environment Page 26 shows trends information about our consolidated non-financial indicators. We have also made improvements in this. I will omit an explanation for each of the indicators. Revenue 1,804.7 1,928.1 1,984.2 2,137.5 2,245.9 2,346.9 vs. LY 101% 109% 108% 107% [in Japan] [1,392.9] [1,402.5] [1,533.3] [1,656.2] [1,771.7] 15.4% FY20 FY21 FY22 FY23 FY24 FY25 27 © 2026 Fujitsu Limited Service Solutions Progress of Adjusted Operating Profit: Achieved Record High Profit (Billions of yen) Operating Profit Margin FY22-FY25 8 % → 15 % Adjusted Operating Profit Margin 12.9% 11.1% 361.4 8.2% 289.9 6.0% 6.1% Operating Profit FY22-FY25 2.2 times 237.2 Adjusted Operating Profit 162.9 107.8 117.2 Term of the Previous Medium-Term Plan Term of the Medium-Term Plan Page 27. Like the prior page that showed the consolidated adjusted operating profit, this slide provides the trend in actual results, but for Service Solutions. Revenue in the segment grew, particular in Japan. This increase was mainly due to Uvance and Modernization. In addition to the positive effects of higher revenue, we have made continued and sustainable progress in improving the adjusted gross margin. Through this, we were able to achieve a significant increase in growth across revenue, adjusted operating profit, and the adjusted operating profit margin. 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 Up 69 % 482.8 Up 31 % 367.9 Modernization total Up 86 % Modernization total 392.1 Up 32 % 296.9 Service Up 24 % Revenue Horizontal 200.0 Up 34 % 160.0 110.0 118.5 Uvance Hardware Solutions FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Term of the Medium-Term Plan Term of the Medium-Term Plan Vertical: 4 cross-industry areas that solve societal issues Horizontal: 3 technical areas that support cross-industry areas 28 © 2026 Fujitsu Limited Service Solutions 201.0 Service Solutions 249.7 185.0 251.5 307.6 116.3 Horizontal 412.4 175.2 Vertical 296.8 81.5 Page 28 shows the status of Uvance and Modernization, which are the cornerstones of Service Solution's portfolio transformation and are at the heart of its growth. As I mentioned when going over our results, the segment was able to achieve strong growth that exceeded our plan. 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) (Billions of yen) 38.7% Gross Margin 33.1% 34.8% 36.7% 2,346.9 2,245.9 Revenue 1,984.2 200.0 2,137.5 367.9 17 % 6 % 21 % 9 % Uvance 30 % Modernization 11 % Others FY22 FY23 FY24 FY25 29 © 2026 Fujitsu Limited Service Solutions Term of the Medium-Term Plan 249.7 201.0 118.5 81.5 482.8 709.3 14 % 23 % 30 % Composition ratio Total 41 % Page 29. This is a summary of our revenue portfolio transformation. The growth in Uvance and Modernization drove the growth in revenue. The percentage of Service Solutions revenue that came from Uvance and Modernization increased from 14% in fiscal 2022 to 41% in fiscal 2025. One of the factors behind this improvement was the expansion of our offerings business. The gross margin also achieved a 2 percentage point improvement during each of the years in the Medium-Term Management Plan. 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 11.1% 15.4% 12.9% Adjusted 8.2% Operating Profit Margin 361.4 237.2 289.9 4Q 162.9 Adjusted Operating Profit 3Q 2Q 1Q FY22 5.5 % 6.1 % 20.9 FY23 8.8 % FY24 12.1 % 17.9 % 4Q 40.2 % Annual Composition 66.7 % 21.7 % 44.3 % 18.5 % FY25 1Q 13.2 % 2Q 19.9 % 51.0 % 22.3 % 25.1 % 3Q 26.7 % Term of the Medium-Term Plan 30 © 2026 Fujitsu Limited Service Solutions 47.8 34.9 53.7 71.7 72.8 96.4 128.4 145.3 35.4 108.5 42.5 52.8 120.8 Page 30 shows the quarterly changes to the segment's adjusted operating profit. Adjusted operating profit has always been heavily skewed to being higher in the fourth quarter, but we have made significant improvement to this imbalance. The pie chart shows the quarterly composition of profit. On the far left, 67% of our adjusted operating profit in fiscal 2022 was concentrated in the fourth quarter. In fiscal 2025, however, this decreased to 40%, and improved the balance of adjusted operating profit over the four quarters. Through our efforts to expand our offering business, increase recurring contracts, and smooth out delivery schedules, as well as improved productivity and insourcing, we made progress in gradually evening out the trend of adjusted operating profit being skewed toward the end of the fiscal year. Evening out the workload of systems engineers, as well as sales and support staff, will rectify the discrepancies between peak and off-peak seasons, as well as increase business efficiency. Needless to say, this will have a positive effect on productivity improvements as a whole, as well as on our efforts to improve the adjusted gross profit margin. Most importantly, it has become much easier to create the forecast for our annual profit. Cash Flows, Capital Allocation (Review of Medium-Term Management Plan) 31 © 2026 Fujitsu Limited I will now talk about our cash flows and capital allocation. 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 2022). Carve-outs of non-core businesses such as SHINKO ELECTRIC INDUSTRIES CO., LTD and GENERAL Inc., and FDK CORPORATION, and a reduction in cross-shareholdings. (Billions of yen) Plan 32 © 2026 Fujitsu Limited Cash Flows FY2022 FY2023 FY2024 FY2025 289.9 192.7 482.6 Core Free Cash Flow 157.1 197.2 233.6 Adjusted items from GAAP Free Cash Flow 20.4 -45.2 -18.9 Free Cash Flow 177.5 151.9 214.7 Term of the Medium-Term Page 32. I will now talk about cash flow generation. Core free cash flow, which is essentially the cash generation from our main business, increased 1.8-fold during our fiscal 2023-2025 Medium-Term Management Plan. Adjusted operating profit also saw a 1.6-fold increase. In addition to increased profit in our main business, we also made progress in improving working capital efficiency. Free cash flow increased 2.7-fold. This was the result of the sale of non-core businesses, including SHINKO ELECTRIC INDUSTRIES CO., LTD, GENERAL Inc., and FDK, as well as making progress to reduce cross-shareholdings. Cash Flows Base Cash Flows One-time gains/losses Base CF (Billions of yen) ・Restructuring・M&A, ・business reforms, etc. ・Before Growth Investments ・Include Financial CF (Lease payments, etc.) 33 © 2026 Fujitsu Limited FCF Funds for Allocation 1,349.1 849.3 720.8 Total 303.0 361.7 684.4 151.0 146.9 201.8 151.9 214.7 482.6 -45.2 -18.9 192.7 197.2 233.6 289.9 FY23 FY24 FY25 Core FCF Before Growth Investments/ Lease expenses Page 33 shows core free cash flows, free cash flows, and base cash flows. To put it simply, base cash flows refer to cash that has yet to be put toward growth investments. It is cash generated from our existing business and the source from which capital is allocated. I will omit an explanation for each of these figures. 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 allocation policy, we will prioritize allocation to growth investments and shareholder returns Base Cash Flows Allocation (Billions of yen) 1,349.1 1,311.6 2 times 252.0 202.1 218.2 FY23 FY24 FY25 230.5 257.3 151.5 Term of the Previous Medium-Term Plan Term of the Medium- Term Plan Term of the Medium- Term Plan FY23 FY24 FY25 *Asset recycling: The sale of the device business and GENERAL Inc. 34 © 2026 Fujitsu Limited Capital Allocation Shareholder Returns 639.3 Growth Investments 672.3 FY25 388.4 FY24 361.7 FY23 303.0 Asset recycling * 296.0 652.8 2,973 Page 34 shows our capital allocation during the duration of the Medium-Term Management Plan. The left-hand side shows base cash flows. In addition to growth in revenue and improved capital efficiency, there was also an inflow of cash from the sale of non-core businesses. Due to these factors, base cash flow was 1,349.1 billion yen, a more than two-fold increase from the prior Medium-Term Management Plan. We used this as the source of capital from which to allocate 672.3 billion yen to growth investments and 639.3 billion yen to shareholder returns, for a total allocation of 1,311.6 billion yen. In our original plan, we expected to allocate 1,300 billion yen. But, as a result of cash inflows increasing by approximately 50 billion yen and an increase of approximately 10 billion yen in capital to be allocated, we achieved a surplus of about 40 billion yen. We will allocate this capital in fiscal 2026. Mid-term Plan (FY23-25) OPEX CAPEX 672.3 [174.0] 398.6 273.7 Uvance, Modernizaition, Consulting 187.0 57.0 130.0 [M&A / Capital alliances] [137.0] Advanced Research and Development 165.0 113.0 52.0 [M&A / Capital alliances] [37.0] Strengthening the management foundation (data-driven) 161.0 82.0 79.0 Strengthening Quality and Security 105.0 93.0 12.0 Investments for Business Growth (Billions of yen) Key Initiatives & Results Development of Uvance offerings, Modernization Knowledge Center, and the cultivation of consultants M&A: GK Software, BrainPad, etc. Quantum computing, physical AI, AI, and networks Next-generation processor MONAKA, and next-generation super-computing Capital alliances: Cohere, Rapidus, etc. One Fujitsu project (building a global one-instance ERP) Preparing a common platform for delivery of services Investments to enhance quality (using AI for predictive detection of trouble) Global roll-out of the Secure Internet Gateway 35 © 2026 Fujitsu Limited Capital Allocation Investments for business growth [M&A / Capital alliances] Page 35 shows the capital allocated for investments for business growth. Investments for business growth during the Medium-Term Management Plan totaled 672.3 billion yen. Of these, 174 billion yen was spent on investments related to acquisitions and capital alliances. This mainly consisted of the acquisitions of GK Software and BrainPad, as well as AI-related investments in Cohere and Rapidus. On the bottom half of the slide, we outlined the four main investment areas. We made well-balanced investments in the areas directly linked to our current business expansion, including Uvance and Modernization, the area of advanced R&D, including quantum computing, physical AI, and our next-generation processor, strengthening our management foundation, and the area of strengthening quality and security. We have established in advance these areas as growth investment areas, and are implementing investments and monitoring their impact from a company-wide perspective. Dividend per share (Yen) 50 26 28 22 24 15 18 20 8 9 11 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Total Dividends ( Billions of yen ) 16.5 18.5 22.6 30.5 36.2 39.9 43.3 46.1 48.4 50.5 87.3 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 Interim 13 yen 14 yen 13 yen 14 yen 26 yen 28 yen 15 yen 35 yen 50 yen +1 yen Year-end +21 yen Annualized +22 yen Total Dividends (Billions of yen) 48.4 50.5 87.3 +36.7 Dividend Payout Ratio 19% 23% 20% - 3% As of April 1, 2024, a stock split was implemented in which each share was converted into 10 shares. Dividends per share have been recalculated in accordance with the stock split. 36 © 2026 Fujitsu Limited Capital Allocation Page 36. Next is shareholder returns, another area in which capital is allocated. Dividends were stably distributed in accordance with profit growth. As a result of profit growth during the 2023-2025 Medium-Term Management Plan, the distribution of dividends in fiscal 2025 greatly increased, with an allocation of 50 yen per share. FY2023 FY2024 FY2025 Dividends 48.4 50.5 87.3 Dividend payout ratio 19% 23% 20% Share buybacks 103.1 180.0 170.0 Total amounts 151.5 230.5 257.3 Total return ratio 60% 105% 57% Cumulative (FY23-25) 186.2 20% 453.1 639.3 69% Shareholder Returns (Billions of yen) ▎ Share buybacks Flexible implementation with a focus on higher capital efficiency ▎ Total shareholder returns 3 year average (FY23-25) FY2023 FY2024 FY2025 60.0 20% Buyback amount 103.1 180.0 170.0 All shares held as treasury stock at the end of fiscal 2025 were cancelled* * Excludes stock held for stock-based executive compensation 150.0 210.0 69% 37 © 2026 Fujitsu Limited Capital Allocation Page 37 shows share buybacks. Share buybacks were flexibly implemented with a focus on higher capital efficacy. The share buyback amount for fiscal 2025 was 170 billion yen, and 453.1 billion yen across the entire period of the Medium-Term Management Plan, which was in line with our plan. In addition, as planned, all shares held as treasury stock at the end of fiscal 2025 were canceled. The graph on the right-hand side shows total shareholder returns. The total amount over the three-year period from fiscal 2023 to fiscal 2025 was 639.3 billion yen, with a total return ratio of 69%. We made firm progress on this through a good balance of increasing cash generation, investing in our next areas of growth, and implementing shareholder returns with a focus on capital efficiency. Earnings Forecast for FY2026 38 © 2026 Fujitsu Limited I will now discuss our forecast for fiscal 2026. FY2025 (Actual) FY2026 (Forecast) vs. LY (%) 3,502.9 390.5 [11.2%] 3,510.0 425.0 [12.1%] 7.0 0.2 34.4 8.8 [0.9%] 298.2 320.0 21.7 7.3 150 -1 -0.7 170 -5 -2.9 195 -7 -3.5 Financial Forecast (Adjusted) We plan to once again achieve record-high adjusted operating profit and adjusted net profit (Billions of yen) Revenue Adjusted Operating Profit [Adjusted Operating Profit Margin] Adjusted Net Profit* *Adjusted Net Profit includes Adjusted Net Profit from discontinued operations Exchange Rate U.S. dollar / Yen 151 Euro / Yen 175 British pound / Yen 202 39 © 2026 Fujitsu Limited Page 39 shows our financial forecast for fiscal 2026. Revenue is projected to be 3,510 billion yen, up 7 billion yen from the prior year. Adjusted operating profit is projected to be 425 billion yen, up 34.4 billion yen from the prior year. Adjusted net profit is projected to be 320 billion yen, up 21.7 billion yen from the prior year. We plan to continue to surpass our record high profits. FY2025 (Actual) FY2026 (Forecast) vs. LY Adjusted Consolidated Results Adjusted Items Consolidated Results Adjusted Consolidated Results Adjusted Items Consolidated Results Adjusted Consolidated Results Adjusted Items Consolidated Results Revenue 3,502.9 - 3,502.9 3,510.0 - 3,510.0 7.0 - 7.0 Operating Profit 390.5 -42.2 348.3 425.0 -10.0 415.0 34.4 32.2 66.6 [%] [11.2%] [9.9%] [12.1%] [11.8%] [0.9%] [1.9%] Net Profit* 298.2 151.1 449.4 320.0 -10.0 310.0 21.7 -161.1 -139.4 Adjusted Items and Consolidated Results Prior to Adjustments (Billions of yen) *Net Profit includes Net Profit from discontinued operations 40 © 2026 Fujitsu Limited Page 40 shows adjusted items and consolidated results prior to adjustments. The forecast for fiscal 2026 is shown in the center box. In it, under adjusted items, we project a loss of 10 billion yen from acquisition-related PPA. © 2026 Fujitsu Limited