Fujitsu General (6755) Q4 2025 earnings summary

Executive summary

• Net sales rose 12% year-over-year to 354.1 billion yen, reversing a prior decline.

• Operating income surged 152% year-over-year to 14.5 billion yen.

• Net loss of 3.9 billion yen due to extraordinary losses, with profit attributable to owners of parent down 64.7%.

• Extraordinary loss of 7.8 billion yen mainly from strategic costs related to business restructuring and refrigerant conversion.

• Company scheduled for delisting following a tender offer by Paloma▪Rheem Holdings; no FY2025 forecast provided.

Financial highlights

• Operating income margin improved from 1.8% to 4.1% year-over-year.

• Free cash flow decreased to 8.3 billion yen from 26.2 billion yen year-over-year.

• ROE declined to -2.9% from 2.3% year-over-year; shareholders' equity ratio fell to 47.9%.

• Cash and deposits increased by 3.6 billion yen to 23.3 billion yen.

• Basic earnings per share dropped to -¥37.23 from ¥29.29 year-over-year.

Segment performance

• Air Conditioner Business sales up 13% year-over-year to 315.8 billion yen; operating income surged to 7.4 billion yen.

• Tech Solutions Business sales up 7% to 35.5 billion yen; operating income up 43% to 6.0 billion yen.

• Electronic Devices segment sales fell 23% to 9.5 billion yen.

• Americas and Middle East & Africa saw strong AC sales growth (Americas +36%, MEA +59%), while Europe and Greater China declined.

• Non-consolidated net sales rose 23% year-over-year to 221.1 billion yen.