Q1 operating profit up 59.6% but net profit down 76.6% due to one-off gains reversal; shares pull back from highs.
Fujitsu shares closed at 3,646 yen on August 21, down 2.59% from the previous day, and were sold off relatively heavily while the overall market was almost flat. Over the past month, the stock rose from the 3,200-yen range in late July to the 3,800-yen range in mid-August, and has now entered a correction phase. In the first quarter of the fiscal year ending March 2027, announced on July 30, revenue rose 3.9% year on year to 779.3 billion yen and operating profit jumped 59.6% to 52.5 billion yen, showing strong growth in the core business. However, quarterly profit attributable to owners of the parent fell 76.6% to 40.1 billion yen, due to the reversal of one-off gains recorded a year earlier. Quarterly profit from continuing operations rose 44.6% to 40.7 billion yen. For the full year, the company forecasts revenue of 3.51 trillion yen, operating profit of 415 billion yen, profit attributable to owners of the parent of 310 billion yen, and an annual dividend increase to 55 yen per share from 50 yen in the previous fiscal year.
Q1 operating profit up 59.6% but net profit down 76.6% due to one-off gains reversal; shares pull back from highs.