Fujitsu (6702) Q3 2026 earnings summary

Executive summary

• Revenue for the first nine months reached ¥2,451.1 billion, up 1.8% year-over-year, with record highs in operating and net profit driven by improved profitability across all segments and gains from asset sales.

• Adjusted operating profit rose 67.1% year-over-year to ¥229.1 billion, with a margin of 9.3%.

• Net profit surged to ¥343.6 billion, including gains from the sale of SHINKO ELECTRIC INDUSTRIES CO., LTD. and GENERAL Inc., and profit from discontinued operations.

• All business segments posted increased profits, with Service Solutions as the main growth driver.

• Basic earnings per share rose to ¥194.03 from ¥48.15 in the prior year period.

Financial highlights

• Service Solutions revenue was ¥1,657.7 billion, up 7.5% excluding restructuring, with adjusted operating profit of ¥216.1 billion and a 13% margin.

• Hardware Solutions revenue declined 5.6% to ¥619.3 billion, but profit increased due to cost optimization and higher mainframe sales.

• Ubiquitous Solutions revenue fell 1.9% to ¥177.9 billion, but profit rose to ¥31.4 billion, with a 17.7% margin.

• Core free cash flow was ¥175.7 billion, up ¥133.2 billion year-over-year; free cash flow including one-time items was ¥390.3 billion.

• Cash and cash equivalents at period end increased to ¥454.8 billion from ¥236.1 billion at the previous year-end.

Outlook and guidance

• Full-year revenue forecast raised to ¥3,530 billion, with adjusted operating profit at ¥380 billion and adjusted net profit at ¥275 billion.

• Dividend per share for FY2025 increased to ¥50, with ten consecutive years of dividend growth.

• Upward revisions for all business segments, with Service Solutions revenue forecast at ¥2,350 billion and adjusted operating profit at ¥365 billion.

• Fourth quarter expected to see a decline in Hardware and Ubiquitous Solutions due to prior year project pullbacks and Windows 10-related demand.

• Net profit attributable to owners of the parent for FY2025 is forecast at ¥425 billion, up 93.4% year-over-year.