Fiscal Year Ending March 2027 Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

Fuji Electric Co., Ltd. achieved consolidated revenue of 593,323 million yen in the second quarter of the fiscal year ending March 2027 (9.2% YoY increase), operating income of 59,815 million yen (39.9% YoY increase), ordinary income of 57,595 million yen (38.0% YoY increase), and interim net income attributable to owners of parent of 42,116 million yen (58.2% YoY increase), realizing substantial profit expansion. While negative factors such as surging raw material costs and softened demand in some segments exist, growth was sustained by strong performance in key segments including Energy, Industry, Semiconductor, and Food Distribution. The full-year outlook has been revised upward to revenue of 1,350,000 million yen, operating income of 168,000 million yen, and net income of 117,000 million yen, and earnings per share are also expected to improve.

Outlook and Impact for Investors

The upward revision to the full-year forecast suggests potential improvements in capital efficiency and the stability/increase of dividends. By segment, continued demand expansion in Energy and Industry, together with enhanced profitability through utilization of digital technologies and supply chain reforms, is expected. Cash and cash equivalents increased at the interim period end, net interest-bearing debt is at a near-zero level in practice, indicating a solid financial base. An investor presentation for institutional investors is planned, and attention is focused on future business strategies (expansion of plants and systems, continued investment in SiC power semiconductors, and response to data center demand).