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FUJITSU LIMITED, Apr-Dec (Cumulative 3Q) Net Income Increases by 3.5 times, Oct-Dec Net Income Turns to Profit

Fri Jan 31, 2025 3:30 pm JST Earnings

6702 FUJITSU LIMITED 【IFRS】

Earnings Report

FUJITSU LIMITED <6702> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 31st (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 3.5 times that of the same period last year, reaching 88 billion yen. However, the progress rate toward the full-year plan of 212 billion yen was 41.5%, also falling below the five-year average of 49.8%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to drop 45.9% from the same period last year to 123 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a profit of 52.4 billion yen (compared to a loss of 12 billion yen in the same period last year). The operating profit margin drastically improved from 0.3% in the same period last year to 7.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 2,636,735 173,285 204,633 112,749 57.6 55.0 Jan 31, 2023 IFRS
Apr - Dec, 2023 2,642,722 46,540 59,422 25,290 13.4 35.9 Jan 31, 2024 IFRS
Apr - Dec, 2024 2,621,432 125,269 133,029 88,052 48.2 ー Jan 31, 2025 IFRS
YoY -0.8% +169.2% +123.9% +248.2% +258.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 2,063,324 253,605 ー 176,364 99.2 14 Oct 31, 2024 IFRS
Oct - Mar, 2024 New 1,773,324 213,605 ー 176,364 99.2 14 Jan 31, 2025 IFRS
Revision Rate -14.1% -15.8% － 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 3,760,000 310,000 ー 212,000 119.3 28 Oct 31, 2024 IFRS
Mar, 2025 New 3,470,000 270,000 ー 212,000 119.3 28 Jan 31, 2025 IFRS
Revision Rate -7.7% -12.9% － 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,765,088 105,424 106,293 217,114 115.7 13 Apr 25, 2024 IFRS
Oct - Mar, 2024 Guidance 1,773,324 213,605 ー 176,364 99.2 14 Jan 31, 2025 IFRS
YoY +0.5% +102.6% － -18.8% -14.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,713,767 335,614 371,876 215,182 110.8 24 Apr 27, 2023 IFRS
Mar, 2024 3,476,985 149,326 165,610 254,478 135.6 26 Apr 25, 2024 IFRS
Mar, 2025 Guidance 3,470,000 270,000 ー 212,000 119.3 28 Jan 31, 2025 IFRS
YoY -0.2% +80.8% － -16.7% -12.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 930,825 2,638 105 -12,074 -6.4 0.3 Jan 31, 2024 IFRS
Jan - Mar, 2024 834,263 102,786 106,188 229,188 122.1 12.3 Apr 25, 2024 IFRS
Apr - Jun, 2024 759,286 14,331 19,888 16,876 9.2 1.9 Jul 25, 2024 IFRS
Jul - Sep, 2024 937,390 42,064 34,960 18,760 10.2 4.5 Oct 31, 2024 IFRS
Oct - Dec, 2024 924,756 68,874 78,181 52,416 28.7 7.4 Jan 31, 2025 IFRS
YoY -0.7% +2,510.8% +74,358.1% － －

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