Fuji Electric (6504) Q2 2026 earnings summary

Executive summary

• Achieved record highs in net sales, operating profit, and ordinary profit for the first half, driven by strong performance in Energy and Industry segments and robust plant and system operations.

• Upward revision to full-year forecasts, reflecting robust six-month results and continued demand in plant and system operations.

• Profit attributable to owners of parent declined by ¥8.9 billion to ¥26.6 billion due to the absence of prior year's extraordinary gains from investment securities sales.

Financial highlights

• Net sales reached ¥543.2 billion, up ¥45.8 billion or 9.2% year-on-year; operating profit rose ¥2.4 billion to ¥42.8 billion (7.9% margin); ordinary profit increased ¥2.8 billion to ¥41.7 billion.

• Profit attributable to owners of parent was ¥26.6 billion, down ¥8.9 billion year-over-year due to a significant drop in extraordinary profit.

• Comprehensive income was ¥38,969 million, up 23.1% year-over-year.

• EPS was ¥180.62, down from ¥248.82 year-over-year.

• Interim dividend set at ¥91 per share, up ¥16 year-on-year, aiming for a 30% payout ratio.

Outlook and guidance

• Full-year forecast revised upward: net sales ¥1,185 billion (+5.5%), operating profit ¥128.5 billion (+9.2%), ordinary profit ¥128 billion (+7.8%), profit attributable to owners of parent ¥89 billion (-3.5%).

• Operating profit ratio targeted at 10.8%; profit attributable to owners of parent to net sales ratio at 7.5%.

• Energy and Industry segments expected to exceed expectations, while components and semiconductor businesses face challenges.

• Segment guidance raised for Energy and Industry, with Energy net sales forecast at ¥388 billion and Industry at ¥450 billion.

• Assumes exchange rates of US$1=¥140, €1=¥164, RMB1=¥19.8 for H2 FY2025.