Fujitsu : FY 2022 First-Half Financial Results

Consolidated Financial Results for the First-HalfEnded September 30, 2022[Prepared on the basis of International Financial Reporting Standards]

		October 27, 2022
Company name	:	Fujitsu Limited
Stock exchange listings	:	Tokyo, Nagoya
Code number:	:	6702
URL:	:	https://www.fujitsu.com/global/
Representative:	: Takahito Tokita, President and Representative Director
Contact person:	:	Kunihiko Nomoto,
		Head of Public and Investor Relations Division
		Tel. [phone]
Scheduled filing date of statutory financial report:	:	November 2, 2022
Scheduled dividend payment date:	:	November 30, 2022
Supplementary material:	:	Yes
Financial results meeting:	: Yes (for media and analysts)

1. Consolidated Results for the First-Half Ended September 30, 2022

(Monetary amounts are rounded to the nearest million yen.)

(1) Consolidated financial results

(The percentage figures represent the percentage of increase or decrease against the same period of the previous year.)

							(Millions of yen)
	Revenue	Operating profit	Profit before income	Profit for the period
		Change (%)		Change (%)	taxes	Change (%)		Change (%)
1H FY 2022	1,705,311	2.5	100,969	23.9	130,650	46.0	91,978	37.2
(4/1/22-9/30/22)
1H FY 2021	1,663,011	1.9	81,483	30.9	89,512	31.6	67,044	33.6
(4/1/21-9/30/21)
	Profit for the period attributable	Total comprehensive income for
	to owners of	Change (%)	the period	Change (%)
	the parent
1H FY 2022	71,981	36.0	101,075	33.1
(4/1/22-9/30/22)
1H FY 2021	52,939	12.3	75,938	71.6
(4/1/21-9/30/21)
		(Yen)
	Earnings per share
	Basic	Diluted
1H FY 2022	366.23	365.74
(4/1/22-9/30/22)
1H FY 2021	266.78	266.48
(4/1/21-9/30/21)

(2) Consolidated financial position

(Millions of yen)

			Equity	Equity
	Total assets	Total equity	attributable to	attributable to
	owners of the	owners of the
			parent	parent ratio
September 30,	3,223,976	1,793,460	1,650,374	51.2%
2022
March 31, 2022	3,331,809	1,715,749	1,590,713	47.7%

2. Dividends per Share (Ordinary Shares)

							(Yen)
			Dividends per share
	1Q		2Q	3Q		Year-end	Full year
FY2021		-	110.00	-		110.00	220.00
FY2022		-	120.00
FY2022(Forecast)				-		120.00	240.00

Note: Revision of the latest dividends forecast: None

3. Consolidated Earnings Forecast for FY2022

(The percentage figures represent the percentage of increase or decrease against the previous year.)

(Millions of yen, except per share data)

	Revenue	Operating profit	Profit for the year attributable	Basic
		Change (%)		Change (%)	to owners of	Change (%)	earnings per
			the parent	share
FY2022	3,720,000	3.7	400,000	82.5	280,000	53.3	1,424.35

Note: Revision of the latest consolidated earnings forecast: None

4. Other Information

(1) Significant changes to subsidiaries in the current reporting period

(Changes to specified subsidiaries resulting from changes in scope of consolidation): No

1. Changes in accounting policies and accounting estimates

1. Changes in accounting policies required by IFRS: None
2. Changes arising from factors other than 1: None
3. Changes in accounting estimates: None

1. Number of issued shares (ordinary shares)

1.	Number of issued shares	As of September 30, 2022	207,001,821
	at end of period	As of March 31, 2022	207,001,821
2.	Treasury stock held	As of September 30, 2022	10,386,424
	at end of period	As of March 31, 2022	10,488,990
3.	Average number of shares	1H FY 2022	196,546,227
	during period	1H FY 2021	198,437,784

Notes

1. This financial report is not subject to quarterly review
2. Precautions on usage of earnings projections

These materials may contain forward-looking statements that are based on management's current information, views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results may differ materially from those projected or implied in the forward-looking statements due to, without limitation, the following factors listed below.

- General economic and market conditions in key markets

(Particularly in Japan, Europe, NorthAmerica, Oceania, and Asia, including China)

• Fluctuations in exchange rates or interest rates
• Fluctuations in capital markets
• Intensifying price competition
• Changes in market positioning due to competition in R&D
• Changes in the environment for the procurement of parts and components
• Changes in competitive relationships due to collaborations, alliances and technical provisions
• Risks related to public regulations, public policy and tax matters
• Risks related to product or services defects
• Potential emergence of unprofitable projects
• Risks related to R&D investments, capital expenditures, business acquisitions, business restructuring, etc.
• Risks related to natural disasters and unforeseen events
• Changes in accounting policies

For information regarding the assumptions used to prepare these projections, please refer to the supplemental explanation materials (Presentation Material).