Fuji Electric (6504) Q1 2027 earnings summary

Executive summary

• Achieved record quarterly net sales of ¥273.3 billion, up 10% year-over-year, driven by strong Energy and Industry segment performance.

• Operating profit rose to ¥25.0 billion, up ¥6.9 billion year-over-year, with profit attributable to owners of parent increasing by ¥9.8 billion to ¥20.7 billion; operating profit ratio improved to 9.2%.

• Upward revisions were made to six-month and full-year forecasts based on robust Q1 results and recent trends.

• Addressed ongoing Japan Fair Trade Commission investigation and expressed commitment to compliance.

• Provided support to business partners affected by the Kumamoto earthquake.

Financial highlights

• Net sales: ¥273.3 billion (+10.2% YoY); Operating profit: ¥25.0 billion (+38.3% YoY); Ordinary profit: ¥25.6 billion (+47.8% YoY); Profit attributable to owners of parent: ¥20.7 billion (+89.4% YoY).

• EPS for the quarter: ¥141.09, up from ¥74.16 YoY.

• Free cash flow turned positive at ¥44.4 billion, up ¥54.9 billion YoY.

• Extraordinary profit of ¥7.0 billion recorded from the sale of investment securities.

• Share buyback of ¥21 billion executed during the quarter.

Segment performance

• Energy segment: Net sales ¥82.5 billion (+11.2% YoY), operating profit ¥12.1 billion (+43.4% YoY), margin 14.7%, driven by power generation and energy management.

• Industry segment: Net sales ¥103.9 billion (+19.0% YoY), operating profit ¥8.5 billion (+194.4% YoY), margin 8.2%, led by factory automation and IT solutions.

• Semiconductors: Net sales ¥54.4 billion (–0.7% YoY), operating profit ¥3.1 billion (–36.5% YoY); industrial demand up, automotive down, profit pressured by raw material costs.

• Food and Beverage Distribution: Net sales ¥26.1 billion (–0.8% YoY), operating profit ¥2.7 billion (–12.9% YoY); vending machines down, store fixtures up.

• Overseas sales reached ¥82.4 billion, up ¥11.6 billion YoY, mainly from Asia and India.