Financial Data
Results Summary (Japan GAAP)
Results Summary
Below is the summary announced on October 29, 2026 of financial results for the six months ended September 30, 2026.
Consolidated Financial Summary
Under FY2026 Medium-Term Management Plan "To be enthusiastic, ambitious and sensitive 2026," the three-year medium-term management plan slated to conclude with the fiscal year ending March 31, 2027, Fuji Electric is promoting the basic policy of further improvement of corporate value through management emphasizing profit. Based on this policy, the Company put forth the targets of net sales of ¥1,250 billion, operating profit of ¥140 billion, and an operating profit ratio of more than 11%. The target for the operating profit ratio was achieved a year ahead of schedule in the fiscal year ended March 31, 2026. Upward revisions were instituted to the performance forecast for the six months ended September 30, 2026 and the fiscal year ending March 31, 2027 in conjunction with announcement of the financial results for the three months ended June 30, 2026 on July 30, 2026. In the six months ended September 30, 2026, net sales were on par with the revised forecasts while operating profit, ordinary profit, and profit attributable to owners of parent all surpassed the revised forecasts. Going forward, the Company will continue striving to bolster earnings power through enhanced inter-segment coordination, the development of highly competitive components, and the expansion of high-value-added plant and system operations.
In the six months ended September 30, 2026, the operating environment surrounding the company grew increasingly opaque due to rising geopolitical risks. At the same time, the prices of copper, silver, and other raw materials continued to be high due to a tight supply-demand balance and an influx of investment fund. However, capital investment in the power, manufacturing, and data center sectors remained firm due to green transformation investments aimed at decarbonization and rising energy and semiconductor demand accompanying the spread of generative AI and digital technologies.
In this environment, Fuji Electric moved forward with initiatives to expand its reliable supply systems for renewable energy and electricity in response to the growing energy demand while also bolstering its plant and system operations to cater to energy saving and electrification needs. In addition, enhancements to earnings power were pursued through the introduction of new products meant to expand operations, productivity improvements utilizing digital technologies, and supply chain reforms. The Company also continued augmenting production capacity for transformers, switchgears, controlgears, and power panels at domestic factories to respond to robust demand while reinforcing production systems for catering to growing overseas data center demand. Furthermore, a plan was enacted for conducting capital investment in relation to SiC power semiconductors in order to accommodate future market growth.
Consolidated results of operations for the six months ended September 30, 2026 were as follows.
(¥ billion)
Net Sales
Consolidated net sales in the six months ended September 30, 2026 rose ¥50.2 billion year on year, to a new record high of 593.3 billion, due to higher demand for plants and system as well as for components in the Energy and Industry segments.
Operating Profit, Ordinary Profit and Profit Attributable to Owners of Parent
Profit was impacted by increased personnel expenses in conjunction with greater human capital investments, higher raw material prices, and lower demand for automotive semiconductors and for vending machines in the Food and Beverage Distribution segment. Conversely, overall profit was buoyed by the benefits of demand growth centered on the Energy and Industry segments. As a result, operating profit rose ¥17.1 billion year on year, to ¥59.8 billion. In addition, ordinary profit increased ¥15.9 billion, to ¥57.6 billion, due to the higher operating profit. Profit attributable to owners of parent also rose, increasing ¥15.5 billion, to ¥42.1 billion, due to the recording of gains on sales of cross-shareholdings under extraordinary income in the first quarter of the fiscal year ending March 31, 2027. The figures for all three of these profit items represented new record highs.
Consolidated Financial Results by Segments
Energy
In the Energy segment, net sales and operating profit were up year on year due to higher demand in all businesses stimulated by increased investment related to energy and data centers.
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In the power generation business, net sales and operating results were up year on year due to increased progress in construction projects and differences in profitability between 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 storage battery system projects and in large-scale projects for substation equipment and power supply equipment.
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In the power supply and facility systems business, net sales and operating results were up year on year as a result of higher demand for data center-related products.
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In the equipment construction business, net sales and operating results were up year on year due to higher demand and the benefits of cost reduction activities.
Industry
In the Industry segment, net sales and operating profit were up year on year primarily due to growth in demand in the factory automation components business and the ED&C components business, with contributions also being made by higher plant and system demand in the automation systems business.
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In the factory automation components business, net sales and operating results were up year on year primarily due to growth in domestic and overseas demand.
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In the automation systems business, net sales were up year on year due to growth in demand from the steel industry. Operating results were also up year on year as a result of the higher net sales combined with the benefits of the absence of the increase in expenses associated with large-scale projects recorded in the previous equivalent period.
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In the social solutions business, net sales and operating results were up year on year as a result of an increase in projects for radiation equipment and systems and higher demand for railway systems.
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In the ED&C components business, net sales were up year on year because of an increase in demand from finished machinery manufacturers. Operating results were also up year on year, despite the impacts of higher material prices, due to the benefits of higher demand and product selling price revisions.
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In the IT solutions business, net sales were down year on year due to the absence of large-scale projects from the academic sector recorded in the previous equivalent period, but operating results were unchanged year on year because of differences in profitability between projects.
Semiconductors
In the Semiconductors segment, net sales of industrial semiconductors were up year on year as a result of higher factory automation-related demand and beneficial foreign exchange influences. Meanwhile, net sales of automotive semiconductors were down following reductions in demand for power semiconductors for electrified vehicles(xEVs). Operating results were down year on year due to the impacts of higher raw material prices, price competition for industrial semiconductors centered on the Chinese market, and the lower sales of automotive semiconductors.
Food and Beverage Distribution
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In the vending machine business, net sales and operating results were down year on year following declines in domestic vending machine demand.
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In the store distribution business, net sales and operating results were up year on year due to growth in demand for convenience store counter fixtures.
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Note:
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Effective April 1, 2026, a reorganization was undertaken in which a portion of the drive control system operations contained in the automation systems business of the Industry segment was transferred to the equipment construction business of the Energy segment. Year-on-year comparisons use figures that have been restated to reflect these changes.
Forecasts for the Fiscal Year Ending March 31, 2027
In light of the business result trends seen in the six months ended September 30, 2026, Fuji Electric has decided to revise the consolidated forecast for business results for the fiscal year ending March 31, 2027 that was announced together with financial results for the three months ended June 30, 2026 on July 30, 2026.
The forecast assumes exchange rates of US$1=¥150, €1=¥175, and RMB1=¥21.9 for the period from October 1, 2026 onward.
(Consolidated Forecasts for the Fiscal Year Ending March 31, 2027)
(¥ billion)
(Reference: Consolidated Forecasts for the Fiscal Year Ending March 31, 2027 by Segment)
(¥ billion)
Quartaly Financial Results
Consolidated summary
(Billions of yen)
2026/3
2027/3
(Millions of yen)
Net Sales by Segment
(Millions of yen)
Operating Income (Loss) by Segment
(Millions of yen)
