Komori
Earnings presentation materials6702Fujitsu LimitedElectrical Equipment and Precision Instruments

Summary of Financial Results for the Second Quarter of Fiscal 2026

In the first half of FY2026, revenue increased, while adjusted operating profit decreased by ¥7.3 billion year on year. Service Solutions reported higher profit, but lower profit in Hardware and Ubiquitous, together with increased investment in advanced technologies, weighed on consolidated profit.

Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-73
¥100 million (year-on-year change in adjusted operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation materialsSecond quarter of fiscal 2026 (first half)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,263 hundred million+3.8%
Operating profit¥1,139 100 million -6.1%adjusted
Net income¥878 100 million 0.0%adjusted net income
Operating profit margin7 % adjusted operating margin
Results for the three months of the current quarter
Revenue
¥8,469 hundred million
Adjusted operating profit
¥590 hundred million
Adjusted net income
¥459 hundred million
Full-year earnings forecast
Revenue
¥35,100 hundred million
Adjusted operating profit
¥4,250 hundred million
Operating profit
¥4,150 100 million before adjustment
Adjusted net income
¥3,200 hundred million
Profit for the period
¥3,100 100 million before adjustment
Core free cash flow
¥3,000 hundred million
Free cash flow
¥2,100 hundred 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。
Service solutions adjusted operating profit31% (first-half actual: ¥133.7 billion / full-year forecast: ¥430.0 billion)
Second-half plan for adjusted operating profit from Service Solutions69%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Service solutions adjusted operating profit
Impact of higher revenue179
Profitability Improvement69
Increased investment and other factors-107
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD/JPY¥150 / full-year average forecast
EUR/JPY¥170 / full-year average forecast
GBP/JPY¥195 / full-year average forecast
New initiatives
  • Launch of solutions supporting enhanced cyber defense capabilities
  • Planned start of sales of FUJITSU-MONAKA and planned shipments of MONAKA Server
  • Consideration of a physical AI business incorporating NVIDIA technology with FANUC, Yaskawa Electric and Kawasaki Heavy Industries
  • Development and collaboration initiatives for Fujitsu Kozuchi Physical OS
  • Development and testing on actual machines using multiple quantum computing modalities
  • Open-source release of the Open Quantum Application Research Package
Key KPIsA metric the company considers important as a management benchmark.
  • Uvance revenue¥3,934 hundred million
    Year on year against the same period last year+26.5%
  • Uvance orders¥3,887 hundred million
    Year on year against the same period last year+22.0%
  • Modernization revenue¥1,126 hundred million
    Year on year against the same period last year+2.4%
  • Modernization orders¥2,399 hundred million
    Year on year against the same period last year+56.0%
  • Domestic services orders, first half109 % year-on-year
  • AI utilization: Level 2/Level 3 application ratio20 % first half of FY2026
Segment results
Service solutions
Revenue
¥11,294 hundred million+5.9%
Adjusted operating profit
¥1,337 hundred million+11.8%
Hardware Solutions
Revenue
¥4,491 hundred million+5.7%
Adjusted operating profit
¥45 hundred million-64.0%
Ubiquitous Solutions
Revenue
¥898 hundred million-20.6%
Adjusted operating profit
¥134 hundred million-38.3%
Eliminations and Corporate
Revenue
¥-420 hundred million
Adjusted operating profit
¥-377 hundred million
Orders received and order backlog
Domestic Service Solutions orders in 1H109% (year on year)
Order backlog at the end of 1H FY2026
¥15,572 hundred million
Capital expenditures
¥750 100 million FY2026 full-year forecast
Acquisition of treasury shares
FY2026 first-half results
¥123 100 million expenditure on share repurchases
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredSecond quarter of fiscal 2026 (first half)
Net Sales¥16,263 hundred million (YoY +3.8%)
Operating profit¥1,139 100 million (adjusted) (YoY -6.1%)
Net income¥878 100 million (adjusted net income) (YoY 0.0%)
Operating profit margin7 % (adjusted operating margin)
Results for the three months of the current quarterRevenue ¥8,469 hundred million / Adjusted operating profit ¥590 hundred million / Adjusted net income ¥459 hundred million
Full-year earnings forecastRevenue ¥35,100 hundred million / Adjusted operating profit ¥4,250 hundred million / Operating profit ¥4,150 100 million (before adjustment) / Adjusted net income ¥3,200 hundred million / Profit for the period ¥3,100 100 million (before adjustment) / Core free cash flow ¥3,000 hundred million / Free cash flow ¥2,100 hundred million
Progress against full-year forecastService solutions adjusted operating profit 31% (first-half actual: ¥133.7 billion / full-year forecast: ¥430.0 billion) / Second-half plan for adjusted operating profit from Service Solutions 69%
Segment resultsService solutions Revenue ¥11,294 hundred million (YoY +5.9%) / Adjusted operating profit ¥1,337 hundred million (YoY +11.8%) / Hardware Solutions Revenue ¥4,491 hundred million (YoY +5.7%) / Adjusted operating profit ¥45 hundred million (YoY -64.0%) / Ubiquitous Solutions Revenue ¥898 hundred million (YoY -20.6%) / Adjusted operating profit ¥134 hundred million (YoY -38.3%) / Eliminations and Corporate Revenue ¥-420 hundred million / Adjusted operating profit ¥-377 hundred million
Breakdown of Factors Affecting the ChangeService solutions adjusted operating profit Impact of higher revenue 179 / Profitability Improvement 69 / Increased investment and other factors -107
Key KPIsIndicator name Uvance revenue / Value ¥3,934 hundred million / Year on year against the same period last year ¥26.5 hundred million, Indicator name Uvance orders / Value ¥3,887 hundred million / Year on year against the same period last year ¥22 hundred million, Indicator name Modernization revenue / Value ¥1,126 hundred million / Year on year against the same period last year ¥2.4 hundred million, Indicator name Modernization orders / Value ¥2,399 hundred million / Year on year against the same period last year ¥56 hundred million, Indicator name Domestic services orders, first half / Value 109 % (year-on-year), Indicator name AI utilization: Level 2/Level 3 application ratio / Value 20 % (first half of FY2026)
Assumptions Underlying the Business OutlookUSD/JPY ¥150 / full-year average forecast / EUR/JPY ¥170 / full-year average forecast / GBP/JPY ¥195 / full-year average forecast
Acquisition of treasury sharesFY2026 first-half results ¥123 100 million (expenditure on share repurchases)
Capital expenditures¥750 100 million (FY2026 full-year forecast)
Orders received and order backlogDomestic Service Solutions orders in 1H 109% (year on year) / Order backlog at the end of 1H FY2026 ¥15,572 hundred million
New initiativesLaunch of solutions supporting enhanced cyber defense capabilities, Planned start of sales of FUJITSU-MONAKA and planned shipments of MONAKA Server, Consideration of a physical AI business incorporating NVIDIA technology with FANUC, Yaskawa Electric and Kawasaki Heavy Industries, Development and collaboration initiatives for Fujitsu Kozuchi Physical OS, Development and testing on actual machines using multiple quantum computing modalities, Open-source release of the Open Quantum Application Research Package
Items this document does not state (14)
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 ratioMarket 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 company cited the impact of higher revenue and improved profitability as factors behind the increase in profit in Service Solutions, and cited higher materials costs in Hardware, lower volumes in Ubiquitous, and increased investment in advanced technology development as factors behind the decline in consolidated profit.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of Financial Results for the Second Quarter of Fiscal 2026 | Fujitsu Limited (6702) timely disclosure | Komori