Fujitsu Limited (JP:6702)
:6702
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Fujitsu
(6702)
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Rating:67Neutral
Price Target:
¥3,450.00
▼(-8.49% Downside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by strong financial fundamentals—especially low leverage and improved profitability—tempered by weak technical positioning (trading below major moving averages) and a valuation that is only moderately supported by the dividend yield.
Positive Factors
Balance sheet strength
Low leverage (debt-to-equity ~0.14) and a multi-year rise in equity provide durable financial flexibility. This stronger solvency profile supports capital allocation for strategic investments, debt reduction, or buffering through cyclical downturns without threatening core operations.
Negative Factors
Uneven revenue growth
An irregular top-line trajectory reduces visibility into sustainable growth and limits operating leverage. Reliance on episodic large projects or slow market demand can compress long-term CAGR and make it harder to scale higher-margin services consistently over multi-year horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low leverage (debt-to-equity ~0.14) and a multi-year rise in equity provide durable financial flexibility. This stronger solvency profile supports capital allocation for strategic investments, debt reduction, or buffering through cyclical downturns without threatening core operations.
Read all positive factors
Fujitsu (6702) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.33T
Dividend Yield0.68%
Average Volume (3M)5.73M
Price to Earnings (P/E)13.0
Beta (1Y)0.67
Revenue Growth-1.33%
EPS Growth108.40%
CountryJP
Employees123,527
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)254.84
Shares Outstanding1,739,778,300
10 Day Avg. Volume7,309,550
30 Day Avg. Volume5,728,526
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)2.76
Price to Sales (P/S)1.60
P/FCF Ratio24.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,440.00Price Target Upside17.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)176.68
Revenue Forecast (FY)¥3.69T
Fujitsu Business Overview & Revenue Model
Company Description
Fujitsu Limited operates as an information and communication technology company in Japan and internationally. The company operates through three segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions. The company offers multi c...
How the Company Makes Money
Fujitsu primarily makes money by selling ICT services and solutions to organizations, generating revenue through a mix of project-based and recurring service contracts. A major revenue stream is systems integration and professional services, where...
Fujitsu Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook for Fujitsu, with significant growth in the Service Solutions and Fujitsu Uvance segments, contributing to record operating profits. However, challenges remain in the Hardware Solutions and Ubiquitous Solutions segments, as well as international revenue declines.Positive Updates
Service Solutions Growth
Service Solutions segment posted steady improvements with revenue of ¥1,017.5 billion, an increase of 3.4% over the last year's first half. Adjusted operating profit for Service Solutions was ¥88.7 billion, an increase of ¥25.2 billion compared to the first half of fiscal ‘23, with an operating profit margin improved by 2.3% to 8.7%.
Negative Updates
Hardware Solutions Decline
Hardware Solutions revenue was ¥456.6 billion, down 4.4% from the previous year, with an adjusted operating profit of ¥3.1 billion, representing a deterioration of ¥14.3 billion.
Read all updates
Q2-2025 Updates
Positive
Negative
Service Solutions Growth
Service Solutions segment posted steady improvements with revenue of ¥1,017.5 billion, an increase of 3.4% over the last year's first half. Adjusted operating profit for Service Solutions was ¥88.7 billion, an increase of ¥25.2 billion compared to the first half of fiscal ‘23, with an operating profit margin improved by 2.3% to 8.7%.
Read all positive updates
Company Guidance
In the second quarter of fiscal year 2025, Fujitsu reported robust financial performance, particularly in its Service Solutions segment, which saw a revenue increase of 3.4% to ¥1,017.5 billion, and an adjusted operating profit rise by ¥25.2 billion to ¥88.7 billion, with a profit margin improvement of 2.3 percentage points to 8.7%. Despite a revenue decline in Hardware Solutions and Ubiquitous Solutions, the company's total consolidated revenue grew by 0.9% to ¥1,696.6 billion, with adjusted operating profit reaching ¥79.5 billion, a 56.6% increase year-on-year. The company’s strategic focus on digital transformation in Japan led to a 7% revenue increase domestically, although international revenue fell by 4% due to the carveout of low-profit businesses. Fujitsu Uvance, the company's growth driver, reported a 31% revenue increase to ¥200.7 million, highlighting its expansion in the modernization business and progress towards its fiscal 2025 revenue target of ¥700 billion. Additionally, Fujitsu's financial forecast for 2024 remains unchanged, anticipating revenues of ¥3,760 billion and an adjusted operating profit of ¥303 billion, underscoring the company's commitment to its growth and profitability strategies.Fujitsu Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
68
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.50T | 3.55T | 3.76T | 3.71T | 3.59T |
| Gross Profit | 1.25T | 1.17T | 1.16T | 1.14T | 1.12T |
| EBITDA | 360.15B | 399.83B | 440.94B | 457.57B | 446.38B |
| Net Income | 449.41B | 219.81B | 254.48B | 215.18B | 182.69B |
Balance Sheet | |||||
| Total Assets | 3.40T | 3.50T | 3.51T | 3.27T | 3.33T |
| Cash, Cash Equivalents and Short-Term Investments | 450.37B | 236.08B | 342.14B | 355.90B | 484.02B |
| Total Debt | 133.09B | 247.09B | 245.68B | 211.18B | 285.32B |
| Total Liabilities | 1.36T | 1.60T | 1.60T | 1.53T | 1.62T |
| Stockholders Equity | 2.02T | 1.74T | 1.75T | 1.59T | 1.59T |
Cash Flow | |||||
| Free Cash Flow | 229.15B | 142.98B | 113.38B | 52.23B | 105.10B |
| Operating Cash Flow | 338.13B | 303.88B | 309.22B | 220.33B | 248.35B |
| Investing Cash Flow | 140.80B | -114.16B | -159.91B | -42.81B | -59.27B |
| Financing Cash Flow | -376.06B | -215.47B | -178.82B | -313.58B | -193.69B |
Fujitsu Technical Analysis
Positive
3770.00
Price Trends
3512.46
Positive
3857.19
Negative
3708.47
Positive
Market Momentum
32.86
Negative
65.83
Neutral
90.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6702, the sentiment is Positive. The current price of 3770 is above the 20-day moving average (MA) of 3356.21, above the 50-day MA of 3512.46, and above the 200-day MA of 3708.47, indicating a bullish trend. The MACD of 32.86 indicates Negative momentum. The RSI at 65.83 is Neutral, neither overbought nor oversold. The STOCH value of 90.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6702.
Fujitsu Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥5.48T | 9.99 | 12.48% | 0.55% | 4.65% | 54.39% | |
67 Neutral | ¥5.33T | 13.04 | 15.02% | 0.68% | -1.33% | 108.40% | |
64 Neutral | ¥763.29B | 20.55 | ― | 1.39% | 5.45% | 7.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥652.55B | 17.25 | 10.07% | 1.76% | 12.72% | 13.98% | |
59 Neutral | ¥2.38T | -9.13 | 22.48% | 1.14% | 6.52% | -83.73% |
* Technology Sector Average
JP:6702
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Fujitsu Corporate Events
Fujitsu Launches Up to ¥150 Billion Share Buyback to Boost Capital Efficiency
Apr 28, 2026
Fujitsu announced that its board has approved a significant share repurchase program, leveraging improved profits and cash flow in fiscal 2025 and 2026 to enhance shareholder returns and improve capital efficiency. The move underscores management&...
Fujitsu Profit Doubles Despite Lower Revenue as Cash Flow and Dividends Strengthen
Apr 28, 2026
Fujitsu reported full-year FY2025 revenue of ¥3.50 trillion, down 1.3% year on year, but operating profit surged 31.4% to ¥348.3 billion and profit attributable to owners more than doubled to ¥449.4 billion, supported by a sharp ris...
Fujitsu to Cancel 16% of Outstanding Shares in Major Capital Structure Move
Mar 26, 2026
Fujitsu has resolved to cancel 331,330,185 shares of its common stock, representing 16.0% of its total issued shares before cancellation, with the effective date set for March 31, 2026. Following the move, the company expects to have 1,739,778,265...
Fujitsu Reshapes Board With New Independent Director and Governance-Focused Reappointments
Mar 26, 2026
Fujitsu has announced planned appointments to its Board of Directors and Audit Supervisory Board, effective after shareholder approval at the June 29, 2026 annual meeting, in line with its corporate governance policy. The slate includes the reapp...
Fujitsu Completes ¥170 Billion Share Buyback to Bolster Shareholder Returns
Mar 25, 2026
Fujitsu has completed a share repurchase program authorized by its board in April 2025, buying back 3,609,700 shares of common stock on the Tokyo Stock Exchange between March 1 and March 24, 2026, for a total of about 12.6 billion yen. This final ...
Fujitsu Nears Cap on ¥170 Billion Share Buyback Program
Mar 3, 2026
Fujitsu has continued its share repurchase program authorized in April 2025, buying back 8,689,000 shares of common stock for approximately 33.6 billion yen via market trades on the Tokyo Stock Exchange between February 1 and February 28, 2026. Th...
Fujitsu Advances Share Buyback, Repurchasing Over 31 Million Shares Under Ongoing Program
Feb 3, 2026
Fujitsu has disclosed the latest status of its share repurchase program authorized by its board in April 2025, reporting that it bought back 9,107,200 common shares on the Tokyo Stock Exchange between January 1 and January 31, 2026 for a total of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.