FJTSY - Fujitsu Limited (FJTSF) Q3 2023 Earnings Call Transcript
2024-01-31 19:55:27 ET
Fujitsu Limited (FJTSF)
Q3 2023 Earnings Call
January 31, 2024 01:00 AM ET
Company Participants
Takeshi Isobe - Director
Presentation
Takeshi Isobe
This is Isobe. I would now like to start explanation about the Fiscal Year 2023 Third Quarter Consolidated Financial Results. I will use the presentation material to explain.
Page three, first the financial highlights for the first nine months of fiscal 2023. The most important segment is Service Solutions, revenue in this segment was 1,522 billion yen, an increase of 12.9%, excluding the impact of the PFU restructuring. Primarily for business in Japan, there was a strong increase in orders and revenue. Results were driven by demand related to digital transformation and modernization projects. Adjusted operating profit was 116.3 billion yen, an increase of 61.8 billion yen year-on-year. In addition to the impact of higher revenue, progress was made as expected in improving profitability, such as by transforming the delivery of services. This resulted in an operating profit more than twice as high as that of the prior year. On the other hand, there was a pullback from the previous year’s strong demand for hardware solutions and network products. In addition, demand for device solutions has been decreasing since the second half of last year. Total consolidated revenue was 2,642.7 billion yen, an increase of 1.7% excluding the impact of restructurings. Adjusted operating profit was 118.8 billion yen, a decline of 32.9 billion yen year-on-year. ...
Fujitsu Limited (FJTSF) Q3 2023 Earnings Call Transcript