Financial Data
Results Summary (Japan GAAP)
Results Summary
Below is the summary announced on April 25, 2025 of financial results for FY2024 ended March 31, 2025.
Consolidated Financial Summary
(¥ billion)
In the fiscal year ended March 31, 2025, Fuji Electric launched To be enthusiastic, ambitious and sensitive 2026, a three-year medium-term management plan slated to conclude with the fiscal year ending March 31, 2027. In accordance with the plan’s basic policy of pursuing the improvement of corporate value through management emphasizing profit, Fuji Electric will move forward with the improvement of profitability and the promotion of growth strategies. At the same time, the Company will work toward the strengthening of management foundations. In addition, adaptiveness toward operating environment changes will be heightened with the goal of growing sales and profit and achieving ongoing increases in corporate value.
In the fiscal year ended March 31, 2025, brisk capital investment by manufacturers and data center business operators was seen. These needs were sparked by the growth in investments for achieving decarbonization, developing circular economies, and promoting digitalization. Meanwhile, demand for machine tools was weak due to the lack of economic recovery in China. In addition, electrified vehicle (xEV) market trends varied greatly by region, and growth in this area was lower than expected as a result. At the same time, the trade policies of the United States sparked rising uncertainty in the outlook for the global economy, presenting a need to carefully monitor market trends going forward.
In this environment, Fuji Electric moved forward with initiatives to grow its plant and system operations by taking advantage of the rising demand for substation equipment and in the power supply and facility systems business and the decarbonization needs seen in steel, chemical, and other material industries. At the same time, the Company proceeded to develop and introduce high-value-added products while strengthening its overseas operations. Production areas initiatives included advancing steady preparations for augmenting production capacity for switchboards and power supply systems. In addition, the Company commenced operation of a new SiC power semiconductor production line designed to conduct mass production as needed to respond to demand while also implementing investment plans for bolstering future production capacity. Meanwhile, steps were taken to adapt flexibly to changes in the operating environment, including measures to improve profitability through the optimization of production systems and the promotion of local production and consumption in response to delays in the recovery of component demand.
Net Sales
Due to these factors, increases were seen in the sales of the Energy, Semiconductors, and Food and Beverage Distribution segments, resulting in consolidated net sales in the fiscal year ended March 31, 2025, rising ¥20.2 billion, or 2%, year on year, to a new record high of ¥1,123.4 billion.
Operating Income, Ordinary Income and Profit Attributable to Owners of Parent
Although profit was impacted by high material as well as by reduction in component sales volumes, overall profit was buoyed by the benefits of growth in plant and system demand, launches of high-value-added products, increases to product selling prices, cost reduction activities, and foreign exchange influences. As a result, operating profit rose ¥11.6 billion year on year, to ¥117.6 billion, and ordinary profit was up ¥10.9 billion, to ¥118.8 billion, both reaching new record highs. Profit attributable to owners of parent increased ¥16.9 billion, to a new record high of ¥92.2 billion, due to the recording of gains on sales of investment securities recorded under extraordinary profit.
Consolidated Financial Results by Segments
Energy
Net sales: ¥350.9 billion (up 2% year on year)
Operating profit: ¥32.1 billion (up ¥2.0 billion year on year)
In the Energy segment, net sales and operating profit were up year on year, despite increases in expenses in the power generation business and delays in the recovery of and subsequently declines in demand in the ED&C components business, due to increases in plant and system demand the energy management business and the power supply and facility systems business.
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In the power generation business, net sales were up year on year due to the benefits of large-scale renewable energy projects. Operating results, meanwhile, were down year on year as a result of increases in expenses associated with thermal power and geothermal power generation projects.
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In the energy management business, net sales and operating results were up year on year as a result of increases in large-scale orders for substation equipment for power, industrial, and railway applications.
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In the power supply and facility systems business, net sales and operating results were up year on year, regardless of the decreases in large-scale projects from overseas semiconductor manufacturers, due to growth in demand from data centers.
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In the ED&C components business, net sales were down year on year due to delays in the recovery of and subsequently declines in demand from finished machinery manufacturers while operating results deteriorated because of the lower net sales combined with the impacts of higher material prices.
Industry
Net sales: ¥412.4 billion (down 2% year on year)
Operating profit: ¥38.2 billion (up ¥3.9 billion year on year)
In the Industry segment, net sales were down year on year as a result of reduced demand for low-voltage inverters in the automation systems business and the impacts of large-scale projects in the equipment construction business. Meanwhile, operating profit was up year on year due to higher demand in the process automation operations of the automation systems business as well as in the social solutions business and the digital transformation solutions business.
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In the automation systems business, net sales and operating results were down year on year due to the impacts of the ongoing inventory adjustment in relation to low-voltage inverters for factory automation applications, which counteracted the benefits of increased demand for drive control systems for process automation applications and other strong performance factories for plant operations.
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In the social solutions business, net sales and operating results were up year on year due to increases in demand for transportation systems.
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In the digital transformation solutions business, net sales and operating results were up year on year due to increases in large-scale IT solutions projects.
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In the equipment construction business, net sales were down year on year due to the absence of large-scale air-conditioning equipment construction projects recorded in the previous fiscal year. Meanwhile, operating results were up year on year because of differences in profitability between projects and the benefits of cost reduction activities.
Note: Effective April 1, 2024, the name of the IT solutions business subsegment was changed to the digital transformation solutions business and the information solutions operations previously contained in the social solutions business subsegment were transferred to the digital transformation solutions business subsegment. Year-on-year comparisons use figures that have been restated to reflect this change in subsegments.
Semiconductor
Net sales: ¥236.8 billion (up 4% year on year)
Operating profit: ¥37.1 billion (up ¥0.9 billion year on year)
In the semiconductor business, net sales for automotive semiconductors were up year on year due to higher domestic demand, the benefits of which outweighed the impacts of the weak overseas demand for power semiconductors for xEVs. Meanwhile, a year-on-year increase was seen in net sales of industrial semiconductors as the declines in domestic demand were counteracted by the increases in demand for semiconductors for renewable energy and other applications overseas. Operating results were up year on year, despite the rise in expenses for bolstering production capacity and the increases in material costs, due to the growth in net sales and the benefits of selling price revisions.
Food and Beverage Distribution
Net sales: ¥111.5 billion (up 4% year on year)
Operating profit: ¥13.9 billion (up ¥5.1 billion year on year)
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In the vending machine business, net sales and operating results improved year on year because of the benefits of cost reduction activities and increased demand in Japan.
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In the store distribution business, net sales and operating results were up year on year due to the special demand trend seen for automatic change dispensers that stemmed from the issuance of newly designed paper currency in Japan.
Others
Net sales: ¥56.1 billion (down 11% year on year)
Operating profit: ¥3.8 billion (down ¥0.5 billion year on year)
Forecasts for the Fiscal Year Ending March 31, 2026
Forecasts for consolidated business results in the fiscal year ending March 31, 2026, are as follows.
Furthermore, forecasts for the fiscal year ending March 31, 2026, assume exchange rates of US$1 = ¥140, €1 = ¥154, RMB1 = ¥19.8.
(Consolidated Business Results Forecasts）
(¥ billion)
（Forecasts by Segment）
(¥ billion)
Effective April 1, 2025, the ED&C components business was transferred from the Energy segment to the Industry segment, the equipment construction business was transferred from the Industry segment to the Energy segment, and certain nuclear power and radiation equipment operations of the Industry segment’s social solutions business were transferred to the Energy segment’s power generation business. Figures for the fiscal year ended March 31, 2025, have been restated to reflect this change.
Quartaly Financial Results
Consolidated summary
(Billions of yen)
2024/3
2025/3
(Millions of yen)
Net Sales by Segment
(Millions of yen)
Operating Income (Loss) by Segment
(Millions of yen)
