Fujitsu General (6755) Q3 2025 earnings summary

Executive summary

• Net sales for the first nine months of FY2024 rose 13% year-over-year to 2,432 hundred million yen, driven by strong Air Conditioner Business and overseas growth.

• Operating income improved to 43 hundred million yen from a loss, while operating profit for the quarter was ¥4,323 million, a turnaround from a loss.

• Net income fell to -92 hundred million yen, with profit attributable to owners of parent at a loss of ¥9,221 million.

• Extraordinary loss of 7.9 billion yen recorded in 2Q, mainly from narrowing focus in Electronic Devices and declining profitability.

• Comprehensive income was a loss of ¥5,752 million, down from a gain in the previous year.

Financial highlights

• Gross profit increased 22% year-over-year to 588 hundred million yen, with gross margin rising to 24.2%.

• Operating income margin improved to 1.8% from -0.2% year-over-year.

• Free cash flow turned negative at -164 hundred million yen, down from 64 hundred million yen in the prior year.

• Capital adequacy ratio stood at 49.6%, slightly down from 50.3% as of March 2024.

• Inventories increased to 608 hundred million yen, with days inventory outstanding at 100.5 days.

Outlook and guidance

• Full-year FY2024 net sales forecast at 3,600 hundred million yen, up 14% year-over-year.

• Operating income projected to rise to 100 hundred million yen, with margin improving to 2.8%.

• Net income expected to be -70 hundred million yen, reflecting continued extraordinary losses and strategic costs.

• Basic earnings per share forecast is -¥66.82 for the full year.

• Air Conditioner Business sales expected to grow 15% year-over-year, with Americas and EMEA regions leading growth.