Earnings quality
Compare earnings and operating cash flow for earnings quality.
Fujitsu Limited
Ticker 6702 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-26 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 59.6%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio59.6%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
富士通株式会社 is a Japanese listed company. Its reportable segments include Ubiquitous Solutions, Service Solutions, Hardware Solutions.
- Ubiquitous Solutions
- Service Solutions
- Hardware Solutions
Segments Ubiquitous Solutions · Service Solutions · Hardware Solutions
Compare trends
No phone/email found in this filing · Filing date 2026-06-26
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥1.2T | ¥1.2T |
| Operating profit (loss) | ¥265.1B | ¥348.3B |
| Finance income | ¥11.6B | ¥17.6B |
| Finance costs | ¥11.5B | ¥7.2B |
| Income tax expense | ¥63.9B | ¥100.7B |
| Profit (loss) | ¥232.1B | ¥454.6B |
| Profit (loss) attributable to owners | ¥219.8B | ¥449.4B |
| Basic EPS (¥) | 120.93 | 254.83 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥236.1B | ¥450.4B |
| Current assets | ¥2.1T | ¥1.9T |
| Non-current assets | ¥1.4T | ¥1.5T |
| Total assets | ¥3.5T | ¥3.4T |
| Short-term borrowings | — | — |
| Current liabilities | ¥1.4T | ¥1.1T |
| Non-current liabilities* | ¥243.7B | ¥244.7B |
| Total liabilities | ¥1.6T | ¥1.4T |
| Equity attributable to owners | ¥1.7T | ¥2.0T |
| Total equity | ¥1.9T | ¥2.0T |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥303.9B | ¥338.1B |
| Cash flows from investing activities | -¥89.2B | ¥144.5B |
| Cash flows from financing activities | -¥240.5B | -¥379.7B |
| Net increase (decrease) in cash | — | — |
| Cash at end of period | ¥236.1B | ¥450.4B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥3.6T | ¥3.7T | ¥3.5T | ¥3.6T | ¥3.5T | |
| Operating profit | — | — | — | ¥265.1B | ¥348.3B | |
| Profit to owners | ¥182.7B | ¥215.2B | ¥254.5B | ¥219.8B | ¥449.4B | |
| Total assets | ¥3.3T | ¥3.3T | ¥3.5T | ¥3.5T | ¥3.4T | |
| Cash & equivalents | ¥484.0B | ¥355.9B | ¥342.1B | ¥320.1B | ¥450.4B | |
| Owners’ equity | ¥1.6T | ¥1.6T | ¥1.8T | ¥1.7T | ¥2.0T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥1.2T to ¥1.2T, while operating profit swung from ¥265.1B to ¥348.3B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥338.1B (prior ¥303.9B), and cash on the balance sheet rose to ¥450.4B from ¥236.1B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥1.4T while owners’ equity fell to ¥2.0T. ROE moved from 12.6% to 23.9%, and the equity ratio from 49.8% to 59.6%. Employee count is 99,203 vs 112,743 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YM3K
(富士通株式会社), period end 2026-03-31.