Fujitsu General (6755) Q1 2025 earnings summary

Executive summary

• Net sales for FY2024 Q1 rose 17% year-over-year to ¥79.7 billion, driven by strong overseas air conditioner sales and recovery in North America and Asia.

• Operating income improved to ¥0.7 billion from a ¥0.7 billion loss in the prior year, reflecting higher sales and cost reductions.

• Net income dropped 73% year-over-year to ¥1.0 billion, impacted by extraordinary losses.

Financial highlights

• Gross profit margin increased to 23.4% from 22.7% year-over-year.

• Free cash flow turned positive at ¥15.1 billion, up from a ¥3.5 billion outflow in the prior year.

• Shareholders' equity ratio improved to 52.7% from 46.2% year-over-year.

• Inventories rose to ¥62.7 billion, with days inventory outstanding at 77.7 days.

Outlook and guidance

• FY2024 full-year net sales forecast raised to ¥340 billion, up 7% year-over-year.

• Operating income projected to more than double to ¥12.0 billion, with margin rising to 3.5%.

• Net income expected to reach ¥6.0 billion, nearly doubling year-over-year.

• Dividend per share planned at ¥38, up from ¥36.