Fujitsu Limited · TSE:6702

Fujitsu — Q2 2026 Earnings Presentation

42 slides from Fujitsu's earnings presentation, Oct 29, 2026

  1. Slide 1: 2Q FY2026 Consolidated Financial Results

    2Q FY2026 Consolidated Financial Results October 29, 2026 Fujitsu Limited 1 © 2026 Fujitsu Limited

  2. Slide 2: Financial Results for 1H FY2026

    Financial Results for 1H FY2026 2 © 2026 Fujitsu Limited

  3. Slide 3: FY2026 1H Results: Overview

    FY2026 1H Results: Overview Service Solutions (Billions of yen) ▎ Revenue up 5.9% from the prior year Up 6.8% in Japan vs. Revenue 1,129.4 LY +5.9% ▎ Adjusted operating profit up 11.8% Adjusted vs. from the prior year Operating Profit 133.7 LY +14.1 Profit increased 14.1 billion yen due to vs. highe

  4. Slide 4: Business Segment Information

    Business Segment Information (Billions of yen) 1H FY2025 1H FY2026 vs. LY (%) Revenue 1,066.5 1,129.4 62.9 5.9 Service Solutions Adj. Operating Profit 119.6 133.7 14.1 11.8 [%] [11.2%] [11.8%] [0.6%] Hardware Revenue 424.8 449.1 24.2 5.7 Solutions Adj. Operating Profit 12.5 4.5 -8.0 -64.0 Ubiquitous

  5. Slide 5: Consolidated PL

    Consolidated PL Adjusted Consolidated Results (Billions of yen) 1H FY2025 1H FY2026 vs. LY (％) Revenue 1,566.5 1,626.3 59.8 3.8 Adjusted Operating Profit 121.3 113.9 -7.3 -6.1 [Adjusted Operating Profit Margin] [7.7%] [7.0%] [-0.7%] Adjusted Net Profit 87.8 87.8 -0.0 -0.0 Adjusted Operating Profit -

  6. Slide 6: Business Segment Information (Adjusted Operating Profit)

    Business Segment Information (Adjusted Operating Profit) 6 © 2026 Fujitsu Limited

  7. Slide 7: Service Solutions

    Service Solutions ◼ Service Solutions (Billions of yen) 1H FY2025 1H FY2026 vs. LY (%) ▎Revenue Revenue 1,066.5 1,129.4 62.9 5.9 [Uvance] [311.0] [393.4] [82.4] [26.5]  Growth driven primarily by Uvance. [Modernization] [110.1] [112.6] [2.5] [2.4] Adjusted  Growth from manufacturing industry 119.6

  8. Slide 8: Factors Behind Change in Adjusted Operating Profit

    Service Solutions Factors Behind Change in Adjusted Operating Profit (Billions of yen) Revenue +62.9 / Adjusted Operating Profit +14.1 [+0.6%] +6.9 -10.7 +17.9 [+0.6%] [-1.6%] 11.8% [+1.6%] [+0.6%] Improvement Investment 11.2% in profitability expansion, etc. Increase in profit due Excl. one-time fa

  9. Slide 9: Orders (Japan)

    Service Solutions Orders (Japan) Strong demand for DX and Modernization continues across many industries FY2025 FY2026 [After Large- Scale Deals 1Q 2Q 3Q 4Q Total 1Q 2Q 1H Normalization] Japan 101% 105% 106% 95% 102% 110% 107% 109% [103%] Enterprise 97% 97% 107% 101% 101% 101% 112% 107% [105%] Manuf

  10. Slide 10: Revenue and Order Backlog (Japan)

    Service Solutions Revenue and Order Backlog (Japan) (Billions of yen) End of 1H FY2026 FY2026 Amount Revenue needed to Forecast Revenue Order Backlog achieve (Sales expected Total (Full year) Actual from 2H) revenue forecast Revenue and 1,960.0 849.5 707.7 1,557.2 402.7 Order Backlog High-confidence

  11. Slide 11: Uvance

    Service Solutions Uvance (Billions of yen) Orders 318.6 Up 22% 388.7 Annual Plan 840.0 Up 18% 709.3 Vertical Up 47% 340.0 Vertical Up 27% 393.4 482.8 296.8 Revenue 311.0 154.1 Vertical 175.2 Up 26% 122.6 Horizontal Horizontal 500.0 Horizontal 412.4 188.3 239.3 Up 27% 307.6 1H FY25 1H FY26 FY24 FY25

  12. Slide 12: Modernization

    Service Solutions Modernization (Billions of yen) Orders 154.1 Up 56% 239.9 Annual Plan 470.0 Up 20% Up 20% 194.1 Up 32% 392.1 161.3 296.9 Vertical 299.0 Revenue 112.6 Service Solutions 249.7 Service Solutions (excl. Uvance) (excl. Uvance) 110.1 201.0 Uvance Horizontal 139.0 Uvance 58.6 114.3 38.1 5

  13. Slide 13: Improvement in Profitability

    Service Solutions Improvement in Profitability Improvement in profitability +6.9 billion yen (Gross margin ratio +0.6%) [Improvement in productivity (Excl. one-time factors) +17.8 billion yen (Gross margin ratio +1.6％ ) ] ▎Gross margin ▎ AI-Driven Delivery  Broadened Base Rollout of AI-driven devel

  14. Slide 14: Breakdown by Sub-Segment

    Service Solutions Breakdown by Sub-Segment (Billions of yen) 1H 1H vs. LY (％) ▎ Enterprise FY2025 FY2026 Revenue 1,066.5 1,129.4 62.9 5.9 Japan business revenue increased mainly in Manufacturing industry customers. Japan 795.2 849.5 54.3 6.8 Service Modest profit growth due to the concentration of O

  15. Slide 15: Progress of Adjusted Operating Profit

    Service Solutions Progress of Adjusted Operating Profit (Billions of yen) 430.0 (17.4%) 361.4 Adjusted (15.4%) Operating 289.9 2H Profit 237.2 (12.9%) 296.2 69% [%] (11.1%) 241.8 67% 201.2 69% 173.7 73% 1H 119.6 33% 133.7 31% 63.4 88.7 31% 27% FY23 FY24 FY25 FY26 Term of the Previous Medium-Term Pla

  16. Slide 16: Hardware Solutions

    ◼ Hardware Solutions (Billions of yen) ◼ System Products 1H FY2025 1H FY2026 vs. LY (%) Revenue increased due to higher demand from Revenue 424.8 449.1 24.2 5.7 outside Japan and FX impact. System Products 346.5 365.2 18.6 5.4 Profit declined due to rising component costs. Network Products 78.2 83.8

  17. Slide 17: Ubiquitous Solutions / Inter-segment Elim./Corporate

    ◼ Ubiquitous Solutions (Billions of yen) 1H FY2025 1H FY2026 vs. LY (%) ◼ Counter-effect from last year’s Windows 10 Revenue 113.1 89.8 -23.3 -20.6 end-of-support demand. Adjusted 21.7 13.4 -8.3 -38.3 Operating Profit [%] [19.2%] [14.9%] [-4.3%] ◼ Inter-segment Elim./ Corporate (Billions of yen) ◼ I

  18. Slide 18: Cash Flows, Assets, Liabilities and Equity

    Cash Flows, Assets, Liabilities and Equity 18 © 2026 Fujitsu Limited

  19. Slide 19: Cash Flows (Consolidated)

    Cash Flows (Consolidated) (Billions of yen) 1H FY2025 1H FY2026 vs. LY Core Free Cash Flow * 164.2 94.9 -69.3 * 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

  20. Slide 20: Assets, Liabilities and Equity (Consolidated)

    Assets, Liabilities and Equity (Consolidated) (Billions of yen) Year-end End of vs. LY FY2025* 1H FY2026 Total Assets 3,416.6 3,310.0 -106.6 Total Liabilities 1,368.1 1,247.4 -120.7 Total Equity 2,048.4 2,062.5 14.1 Total Equity Attributable to Owners of the Parent 2,028.7 2,042.7 13.9 Reference: Fi

  21. Slide 21: Business Highlights

    Business Highlights 21 © 2026 Fujitsu Limited

  22. Slide 22: Cyber Security

    Cyber Security Implemented company-wide cybersecurity initiatives driven by management and frontline teams working as one Building on the practical expertise gained through these efforts, Fujitsu announced its strategy in August and launched a related solution on October 27. • Cyber security inciden

  23. Slide 23: FUJITSU-MONAKA

    FUJITSU-MONAKA In 2H FY2026 Fujitsu will officially release its high-performance and energy-efficient CPU FUJITSU-MONAKA to support digital sovereignty in the age of AI • Equipped with confidential computing capabilities and provides a safe processing environment from the hardware level • High-perfo

  24. Slide 24: Physical AI

    Physical AI Rollout of collaborative control platform that protects data and control sovereignty to various industries through internal implementation and collaborations with partner companies Began exploring business opportunities with FANUC, Yaskawa Electric, and Kawasaki Heavy Industries for the

  25. Slide 25: Quantum Computing

    Quantum Computing Advancing the creation of a hybrid quantum computing platform that combines quantum and HPC computing with AI Progressing the development of technology not limited to a specific method, as well as carrying out initiatives to accelerate the societal implementation of quantum technol

  26. Slide 26: Earnings Forecast for FY2026

    Earnings Forecast for FY2026 26 © 2026 Fujitsu Limited

  27. Slide 27: Financial Forecast (Adjusted)

    Financial Forecast (Adjusted) (Billions of yen) FY2026(Forecast) FY2025 Change vs. Current vs. LY (%) (Actual) Previous Forecast Forecast Revenue 3,502.9 3,510.0 - 7.0 0.2 Adjusted Operating Profit 390.5 425.0 - 34.4 8.8 [%] [11.2%] [12.1%] [-%] [0.9%] Adjusted Net Profit* 298.2 320.0 - 21.7 7.3 *Ad

  28. Slide 28: Adjusted Consolidated Results/Items

    Adjusted Consolidated Results/Items (Billions of yen) FY2026 (Forecast) Change vs. Previous Forecast vs. LY Adjusted Adjusted Adjusted Adjusted Consolidated Adjusted Consolidated Adjusted Consolidated Consolidated Consolidated Consolidated Items Results Items Results Items Results Results Results Re

  29. Slide 29: Business Segment Information

    Business Segment Information (Billions of yen) FY2026(Forecast) FY2025 Change vs. Current vs. LY (％) (Actual) Previous Forecast Forecast Revenue 2,346.9 2,470.0 - 123.0 5.2 Japan 1,771.7 1,960.0 - 188.2 10.6 Service Outside Japan 575.2 510.0 - -65.2 -11.3 Solutions Adj. Operating Profit 361.4 430.0

  30. Slide 30: Breakdown by Sub-Segment

    Service Solutions Breakdown by Sub-Segment (Billions of yen) FY2026(Forecast) FY2025 Change vs. Current vs. LY (％) （Actual） Previous Forecast Forecast Revenue 2,346.9 2,470.0 - 123.0 5.2 Service Adj. Operating Profit 361.4 430.0 - 68.5 19.0 Solutions [%] [15.4%] [17.4%] [-%] [2.0%] Revenue 866.3 940

  31. Slide 31: Cash Flows

    Cash Flows (Billions of yen) FY2026(Forecast) FY2025 Change vs. Current vs. LY (Actual) Previous Forecast Forecast Core Free Cash Flow 289.9 300.0 - 10.0 Adjusted items from GAAP Free Cash Flow 192.7 -90.0 - -282.7 Free Cash Flow 482.6 210.0 - -272.6 31 © 2026 Fujitsu Limited

  32. Slide 32: Notice of Information Disclosure

    Notice of Information Disclosure Integrated Report 2026 (※Released on October 27) Provides an integrated overview of Fujitsu’s business activities and value creation initiatives. Sustainability Data Book 2026(※Released on October 27) Japanese and international disclosure standards, this report provi

  33. Slide 33: Thank you

    Thank you 33 © 2026 Fujitsu Limited

  34. Slide 34: Cautionary Statement

    Cautionary Statement These materials may contain forward-looking statements that are based on management’s current information, views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed

  35. Slide 35: Supplementary

    Supplementary 35 © 2026 Fujitsu Limited

  36. Slide 36: Consolidated PL by Quarter

    Financial Results Consolidated PL by Quarter Adjusted Consolidated Results (Billions of yen) FY2025 FY2026 1Q 2Q 3Q 4Q Total 1Q 2Q Revenue 749.8 816.6 884.6 1,051.7 3,502.9 779.3 846.9 Adjusted Operating Profit 35.1 86.2 107.8 161.4 390.5 54.9 59.0 Operation Continuing [%] [4.7%] [10.6%] [12.2%] [15

  37. Slide 37: Adjusted Items by Quarter

    Financial Results Adjusted Items by Quarter (Billions of yen) FY2025 FY2026 1Q 2Q 3Q 4Q Total 1Q 2Q Adjusted Operating Profit 35.1 86.2 107.8 161.4 390.5 54.9 59.0 Adjusted items from GAAP Operating Profit -1.6 -14.3 -2.1 -24.0 -42.2 -2.3 -3.9 One-time Profit/Loss from business transfers 0.2 1.8 - -

  38. Slide 38: Business Segment Information by Quarter

    Financial Results Business Segment Information by Quarter (Billions of yen) FY2025 FY2026 1Q 2Q 3Q 4Q Total 1Q 2Q Service Revenue 514.6 551.8 591.2 689.2 2,346.9 548.9 580.4 Solutions Adj. Operating Profit 47.8 71.7 96.4 145.3 361.4 62.8 70.9 Revenue 197.6 212.5 216.4 239.7 866.3 213.0 226.9 Enterpr

  39. Slide 39: Uvance

    Financial Results Uvance (Billions of yen) FY2025 FY2026 1Q 2Q 3Q 4Q Total 1Q 2Q vs. LY(%) 145% 185% 161% 139% 156% 146% 107% Vertical 48.4 84.5 75.3 98.3 306.6 70.5 90.8 vs. LY(%) 105% 156% 141% 96% 120% 155% 98% Orders Horizontal 79.2 106.4 110.8 124.2 420.8 122.7 104.5 vs. LY(%) 117% 168% 148% 11

  40. Slide 40: Cash Flows by Quarter

    Financial Results Cash Flows by Quarter (Billions of yen) FY2025 FY2026 1Q 2Q 3Q 4Q Total 1Q 2Q Core Free Cash Flow 230.3 -66.0 11.5 114.1 289.9 217.7 -122.7 Adjusted items from GAAP Free Cash Flow 171.4 90.9 -47.8 -21.9 192.7 -3.2 -4.5 Free Cash Flow 401.7 24.9 -36.3 92.2 482.6 214.4 -127.3 40 © 20

  41. Slide 41: Assumptions Used for FY2026 Forecasts: Exchange Rates

    Earnings Forecast Assumptions Used for FY2026 Forecasts 1. Exchange Rates (Average) and Impact of Fluctuation FY2026 Impact of Exchange Rate FY2025 1H 2H Change vs. Fluctuation (Actual) Previous 2H (Actual) (Forecast) Forecast (Forecast)* U.S. dollar / Yen 151 159 150 - -0.4 Billion yen Euro / Yen 1

  42. Slide 42: Assumptions Used for FY2026 Forecasts: Capital Expenditures

    Earnings Forecast Assumptions Used for FY2026 Forecasts 2. Capital Expenditures, Depreciation and Amortization (Property, Plant and Equipment, Intangible Assets and leased Assets) (Billions of yen) 1H Full year Change vs. FY2025 FY2026 FY2025 FY2026 Previous (Actual)* (Actual) (Actual)* (Forecast) F

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