Komori
Earnings presentation6702Fujitsu LimitedElectrical Equipment and Precision Instruments

Summary of Results for the First Quarter of Fiscal 2026

In the first quarter of FY2026, consolidated revenue increased 3.9% year on year, while adjusted operating profit rose 56.4%. Service Solutions drove higher revenue and improved profitability, while Hardware and Ubiquitous posted lower profit.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
197
¥100 million (year-on-year increase in adjusted operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFY2026 First Quarter7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,793 100 million+3.9%
Operating profit margin7 % adjusted operating margin
Operating profit
Value
After adjustment549
Before adjustment525
Year on year against the same period last year
After adjustment56.4
Before adjustment56.9
Net income
Value
After adjustment418
Before adjustment401
Year on year against the same period last year
After adjustment40.7
Before adjustment-76.6
Results for the three months of the current quarter
Revenue
¥7,793 100 million
Adjusted operating profit
¥549 100 million
Adjusted net income
¥418 100 million
Operating profit
¥525 100 million
Profit for the period
¥401 100 million
Full-year earnings forecast
Revenue
¥35,100 100 million
Adjusted operating profit
¥4,250 100 million
Operating profit
¥4,150 100 million
Adjusted net income
¥3,200 100 million
Profit for the period
¥3,100 100 million
Core free cash flow
¥3,000 100 million
Free cash flow
¥2,100 100 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Domestic Service Solutions revenue
Annual coverage ratio68 %
Required acquisition amount ratio32 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Revenue contribution from Service Solutions¥99 100 million
  • Profitability Improvement¥78 100 million
  • Increased investment, AI delivery platform, and strengthened management infrastructure¥-28 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD/JPY
FY2026 Q2/Q3/Q4 forecast150 yen
EUR/JPY
FY2026 Q2/Q3/Q4 forecast170 yen
GBP/JPY
FY2026 Q2/Q3/Q4 forecast195 yen
Capital expenditures
Full-year outlook¥750 100 million
Intangible investments and other expenses
Full-year outlook¥750 100 million
Depreciation and amortization
Full-year outlook¥500 100 million
Amortization and other expenses
Full-year outlook¥800 100 million
New initiatives
  • Launch of AI-driven modernization services (July 2026)
  • Evolution of the One Delivery framework
  • Use of AI in nearly all SI projects
  • Expansion of value-based pricing beyond the man-month model
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic order trends110 %
    Year on year against the same period last yearCompared with the prior-year actual rather than the year-earlier period
  • Uvance orders¥1,933 100 million
    Year on year against the same period last year+47.0%
  • Uvance revenue¥1,922 100 million
    Year on year against the same period last year+31.0%
  • Modernization orders¥916 100 million
    Year on year against the same period last year+23.0%
  • Modernization revenue¥544 100 million
    Year on year against the same period last year+5.4%
  • Domestic Service Solutions annual coverage ratio68 %
    Year on year against the same period last yearAt the same level as the previous year
Segment results
  • Service solutions
    Revenue¥5,489 100 million (YoY +6.7%)
    Adjusted operating profit¥628 100 million (YoY +31.3%)
  • Hardware Solutions
    Revenue¥2,112 100 million (YoY +4.5%)
    Adjusted operating profit¥-37 100 million
  • Ubiquitous Solutions
    Revenue¥344 100 million (YoY -28.1%)
    Adjusted operating profit¥44 100 million (YoY -45.8%)
  • Eliminations and Corporate
    Revenue¥-152 100 million
    Adjusted operating profit¥-86 100 million
Orders received and order backlog
Uvance orders
¥1,933 100 million
Modernization orders
¥916 100 million
Domestic Service Solutions order backlog
¥9,168 100 million
Capital expenditures
¥750 100 million full-year forecast
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFY2026 First Quarter
Net Sales¥7,793 100 million (YoY +3.9%)
Operating profitvalue After adjustment 549 / Before adjustment 525 / yoy_pct After adjustment 56.4 / Before adjustment 56.9
Net incomevalue After adjustment 418 / Before adjustment 401 / yoy_pct After adjustment 40.7 / Before adjustment -76.6
Operating profit margin7 % (adjusted operating margin)
Results for the three months of the current quarterRevenue ¥7,793 100 million / Adjusted operating profit ¥549 100 million / Adjusted net income ¥418 100 million / Operating profit ¥525 100 million / Profit for the period ¥401 100 million
Full-year earnings forecastRevenue ¥35,100 100 million / Adjusted operating profit ¥4,250 100 million / Operating profit ¥4,150 100 million / Adjusted net income ¥3,200 100 million / Profit for the period ¥3,100 100 million / Core free cash flow ¥3,000 100 million / Free cash flow ¥2,100 100 million
Progress against full-year forecastDomestic Service Solutions revenue Annual coverage ratio 68 % / Required acquisition amount ratio 32 %
Segment resultsSegment Service solutions / Revenue ¥5,489 100 million (YoY +6.7%) / Adjusted operating profit ¥628 100 million (YoY +31.3%), Segment Hardware Solutions / Revenue ¥2,112 100 million (YoY +4.5%) / Adjusted operating profit ¥-37 100 million, Segment Ubiquitous Solutions / Revenue ¥344 100 million (YoY -28.1%) / Adjusted operating profit ¥44 100 million (YoY -45.8%), Segment Eliminations and Corporate / Revenue ¥-152 100 million / Adjusted operating profit ¥-86 100 million
Breakdown of Factors Affecting the ChangeFactors Revenue contribution from Service Solutions / Amount ¥99 100 million, Factors Profitability Improvement / Amount ¥78 100 million, Factors Increased investment, AI delivery platform, and strengthened management infrastructure / Amount ¥-28 100 million
Key KPIsIndicator name Domestic order trends / Value 110 % / Year on year against the same period last year Compared with the prior-year actual rather than the year-earlier period, Indicator name Uvance orders / Value ¥1,933 100 million / Year on year against the same period last year ¥47 100 million, Indicator name Uvance revenue / Value ¥1,922 100 million / Year on year against the same period last year ¥31 100 million, Indicator name Modernization orders / Value ¥916 100 million / Year on year against the same period last year ¥23 100 million, Indicator name Modernization revenue / Value ¥544 100 million / Year on year against the same period last year ¥5.4 100 million, Indicator name Domestic Service Solutions annual coverage ratio / Value 68 % / Year on year against the same period last year At the same level as the previous year
Assumptions Underlying the Business OutlookUSD/JPY FY2026 Q2/Q3/Q4 forecast 150 yen / EUR/JPY FY2026 Q2/Q3/Q4 forecast 170 yen / GBP/JPY FY2026 Q2/Q3/Q4 forecast 195 yen / Capital expenditures Full-year outlook ¥750 100 million / Intangible investments and other expenses Full-year outlook ¥750 100 million / Depreciation and amortization Full-year outlook ¥500 100 million / Amortization and other expenses Full-year outlook ¥800 100 million
Capital expenditures¥750 100 million (full-year forecast)
Orders received and order backlogUvance orders ¥1,933 100 million / Modernization orders ¥916 100 million / Domestic Service Solutions order backlog ¥9,168 100 million
New initiativesLaunch of AI-driven modernization services (July 2026), Evolution of the One Delivery framework, Use of AI in nearly all SI projects, Expansion of value-based pricing beyond the man-month model
Items this document does not state (15)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The main drivers of profit growth were the revenue contribution from Service Solutions and improved profitability. Within Services, revenue increased mainly in Uvance and Modernization, while the gross margin also improved.

How to read this page

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Summary of Results for the First Quarter of Fiscal 2026 | Fujitsu Limited (6702) timely disclosure | Komori