Fuji Electric raised its earnings guidance for the year to March 2027, lifting its full-year operating-profit target by ¥14bn to ¥156.5bn, a 9.8% increase from the figure it set in April. The company also raised its half-year forecast for the six months to September: operating profit is now expected at ¥58.0bn, up 31.8% from the prior estimate, and net profit at ¥40.0bn, up 19.4%.
| Metric | Previous Guidance | Revised Guidance | Change |
|---|---|---|---|
| First-half sales | ¥569.0bn | ¥594.0bn | +4.4% |
| First-half operating profit | ¥44.0bn | ¥58.0bn | +31.8% |
| First-half net profit | ¥33.5bn | ¥40.0bn | +19.4% |
| Full-year sales | ¥1.28tn | ¥1.30tn | +2.0% |
| Full-year operating profit | ¥142.5bn | ¥156.5bn | +9.8% |
| Full-year net profit | ¥105.0bn | ¥111.5bn | +6.2% |
Fuji Electric attributed the sales revision to stronger demand over the six-month interim period, and the profit revisions to higher production and cost reductions over the same period. The company did not say which of the two profit drivers, output or cost control, contributed more.
The revision follows a record first quarter. Sales for April through June rose 10.2% year-on-year to ¥273.3bn, the company's highest quarterly figure on record, on increased demand for plant-and-system and component work in its energy and industrial-equipment segments. Operating profit for the quarter climbed 38.3% to ¥25.0bn. Not every business line moved the same way: semiconductor operating profit fell as weaker demand for power chips used in electric vehicles offset gains from motor-drive applications elsewhere in the segment.
For the full year, Fuji Electric now expects sales of ¥1.30tn, up 2.0% from its April forecast, and net profit of ¥111.5bn, up 6.2%. As with any guidance update, the company flagged that actual results could differ from these projections given how conditions evolve over the rest of the year.