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FUJI ELECTRIC INDUSTRY, First Half Ordinary Profit Decreases by 23%, May-Jul Ordinary Profit Decreases by 13%

Thu Sep 3, 2026 3:30 pm JST Earnings

6654 FUJI ELECTRIC INDUSTRY CO., LTD. 【J-GAAP】

Earnings Report

FUJI ELECTRIC INDUSTRY CO., LTD. <6654> [TSE Std] announced its financial results after the market closed on September 3rd (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2027 (February to July) decreased 22.5% from the same period last year to 124 million yen. Progress toward the full-year plan of 323 million yen was 38.4%, also falling below the five-year average of 53.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the August to January period (second half) is expected to expand 39.2% from the same period last year, reaching 199 million yen.

In the most recent three-month period, from May to July (2Q), the ordinary profit decreased to 92 million yen, a 13.2% decrease compared to the same period last year. The operating profit margin worsened from 8.1% in the same period last year to 6.2%.

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Actual Performance and Financial Trends

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Progress Rate
vs. First Half		 Announce Accounting
Standards
Feb - Jul, 2024 		1,990M 219M 236M 159M 28.7 68.2% Sep 3, 2024 J-GAAP
Feb - Jul, 2025 		1,908M 136M 160M 114M 21.4 52.8% Sep 2, 2025 J-GAAP
Feb - Jul, 2026 		1,972M 86M 124M 92M 17.9 38.4% Sep 3, 2026 J-GAAP
YoY +3.4% -36.8% -22.5% -19.3% -16.4%
First Half Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Feb - Jul, 2026 Guidance 2,024M 67M 90M 62M 11.9 16 Mar 10, 2026 J-GAAP
Feb - Jul, 2026 Results 1,972M 86M 124M 92M 17.9 16 Sep 3, 2026 J-GAAP
Revision Rate -2.6% +28.4% +37.8% +48.4% +50.0%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Aug - Jan, 2025 		1,869M 112M 143M 122M 22.9 16 Mar 10, 2026 J-GAAP
Guidance
Aug - Jan, 2026 		2,278M 190M 199M 132M 25.4 16 Sep 3, 2026 J-GAAP
YoY +21.9% +69.6% +39.2% +8.2% +11.0%
Current Period Guidance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Jan, 2025 		3,927M 302M 346M 240M 43.9 32 Mar 11, 2025 J-GAAP
Jan, 2026 		3,777M 248M 303M 236M 44.3 32 Mar 10, 2026 J-GAAP
Guidance
Jan, 2027 		4,250M 276M 323M 224M 43.1 32 Mar 10, 2026 J-GAAP
YoY +12.5% +11.3% +6.6% -5.1% -2.6%

Quarterly Results

Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Operating
Profit Margin		 Announce Accounting
Standards
May - Jul, 2025 		1,010M 82M 106M 74M 13.9 8.1% Sep 2, 2025 J-GAAP
Aug - Oct, 2025 		940M 37M 46M 31M 5.8 3.9% Dec 2, 2025 J-GAAP
Nov - Jan, 2025 		929M 75M 97M 91M 17.1 8.1% Mar 10, 2026 J-GAAP
Feb - Apr, 2026 		916M 21M 32M 22M 4.2 2.3% Jun 4, 2026 J-GAAP
May - Jul, 2026 		1,056M 65M 92M 70M 13.6 6.2% Sep 3, 2026 J-GAAP
YoY +4.6% -20.7% -13.2% -5.4% -2.1%

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