Buy Or Sell Opportunity • Aug 04
Now 20% overvalued Over the last 90 days, the stock has fallen 4.7% to €16.10. The fair value is estimated to be €13.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 29
Fujitsu General Limited to Report Q1, 2026 Results on Jul 24, 2025 Fujitsu General Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Reported Earnings • Jun 27
Full year 2025 earnings released: JP¥37.23 loss per share (vs JP¥29.29 profit in FY 2024) Full year 2025 results: JP¥37.23 loss per share (down from JP¥29.29 profit in FY 2024). Revenue: JP¥354.1b (up 12% from FY 2024). Net loss: JP¥3.90b (down 227% from profit in FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Board Change • Jun 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Corporate EVP, Chief Strategy Officer, Chief Legal & Risk Management Officer and Director Susumu Ohkawara was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 04
Fujitsu General Limited(TSE:6755) dropped from FTSE All-World Index (USD) Fujitsu General Limited(TSE:6755) dropped from FTSE All-World Index (USD) Reported Earnings • Apr 27
Full year 2025 earnings released: JP¥37.23 loss per share (vs JP¥29.29 profit in FY 2024) Full year 2025 results: JP¥37.23 loss per share (down from JP¥29.29 profit in FY 2024). Revenue: JP¥354.1b (up 12% from FY 2024). Net loss: JP¥3.90b (down 227% from profit in FY 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Apr 25
Fujitsu General Limited, Annual General Meeting, Jun 26, 2025 Fujitsu General Limited, Annual General Meeting, Jun 26, 2025. Announcement • Mar 22
Fujitsu General Limited to Report Fiscal Year 2025 Results on Apr 25, 2025 Fujitsu General Limited announced that they will report fiscal year 2025 results on Apr 25, 2025 Reported Earnings • Jan 28
Third quarter 2025 earnings released: EPS: JP¥8.31 (vs JP¥20.85 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥8.31 (up from JP¥20.85 loss in 3Q 2024). Revenue: JP¥71.7b (up 15% from 3Q 2024). Net income: JP¥871.0m (up JP¥3.06b from 3Q 2024). Profit margin: 1.2% (up from net loss in 3Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Jan 03
Fujitsu General Limited to Report Q3, 2025 Results on Jan 27, 2025 Fujitsu General Limited announced that they will report Q3, 2025 results on Jan 27, 2025 Declared Dividend • Dec 04
First half dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 28th March 2025 Payment date: 19th June 2025 Dividend yield will be 146%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Oct 26
Second quarter 2025 earnings released: JP¥106 loss per share (vs JP¥7.47 profit in 2Q 2024) Second quarter 2025 results: JP¥106 loss per share (down from JP¥7.47 profit in 2Q 2024). Revenue: JP¥91.9b (up 9.2% from 2Q 2024). Net loss: JP¥11.1b (down JP¥11.9b from profit in 2Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Oct 04
Fujitsu General Limited to Report Q2, 2025 Results on Oct 24, 2024 Fujitsu General Limited announced that they will report Q2, 2025 results on Oct 24, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.6%). Buy Or Sell Opportunity • Sep 03
Now 21% overvalued Over the last 90 days, the stock has fallen 3.2% to €12.00. The fair value is estimated to be €9.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 9x earnings per share). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: JP¥9.37 (vs JP¥34.68 in 1Q 2024) First quarter 2025 results: EPS: JP¥9.37 (down from JP¥34.68 in 1Q 2024). Revenue: JP¥79.7b (up 17% from 1Q 2024). Net income: JP¥981.0m (down 73% from 1Q 2024). Profit margin: 1.2% (down from 5.3% in 1Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 11
Final dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 162%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 107% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥29.29 (vs JP¥83.04 in FY 2023) Full year 2024 results: EPS: JP¥29.29 (down from JP¥83.04 in FY 2023). Revenue: JP¥316.5b (down 15% from FY 2023). Net income: JP¥3.07b (down 65% from FY 2023). Profit margin: 1.0% (down from 2.3% in FY 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: JP¥29.29 (vs JP¥83.04 in FY 2023) Full year 2024 results: EPS: JP¥29.29 (down from JP¥83.04 in FY 2023). Revenue: JP¥316.5b (down 15% from FY 2023). Net income: JP¥3.07b (down 65% from FY 2023). Profit margin: 1.0% (down from 2.3% in FY 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 19% per year. Announcement • Apr 26
Fujitsu General Limited, Annual General Meeting, Jun 18, 2024 Fujitsu General Limited, Annual General Meeting, Jun 18, 2024. Announcement • Apr 03
Fujitsu General Limited to Report Fiscal Year 2024 Results on Apr 25, 2024 Fujitsu General Limited announced that they will report fiscal year 2024 results on Apr 25, 2024 Upcoming Dividend • Mar 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.4%). Reported Earnings • Jan 26
Third quarter 2024 earnings released: JP¥20.85 loss per share (vs JP¥26.39 loss in 3Q 2023) Third quarter 2024 results: JP¥20.85 loss per share (improved from JP¥26.39 loss in 3Q 2023). Revenue: JP¥62.3b (down 16% from 3Q 2023). Net loss: JP¥2.18b (loss narrowed 21% from 3Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Announcement • Jan 25
Fujitsu General Limited Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2024 Fujitsu General Limited revised consolidated earnings guidance for the full year ending March 31, 2024. For the full year, the company expects to report net sales of JPY 310,000 million, operating profit of JPY 4,000 million, ordinary profit of JPY 8,000 million, profit attributable to owners of parent of JPY 5,000 million and basic earnings per share of JPY 47.74. Announcement • Dec 03
Fujitsu General Limited to Report Q3, 2024 Results on Jan 25, 2024 Fujitsu General Limited announced that they will report Q3, 2024 results on Jan 25, 2024 Reported Earnings • Oct 26
Second quarter 2024 earnings released: EPS: JP¥7.47 (vs JP¥15.77 in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.47 (down from JP¥15.77 in 2Q 2023). Revenue: JP¥84.1b (down 16% from 2Q 2023). Net income: JP¥782.0m (down 53% from 2Q 2023). Profit margin: 0.9% (down from 1.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Sep 28
Fujitsu General Limited to Report Q2, 2024 Results on Oct 24, 2023 Fujitsu General Limited announced that they will report Q2, 2024 results on Oct 24, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.1%). Reported Earnings • Jul 26
First quarter 2024 earnings released: EPS: JP¥34.68 (vs JP¥31.78 in 1Q 2023) First quarter 2024 results: EPS: JP¥34.68 (up from JP¥31.78 in 1Q 2023). Revenue: JP¥68.0b (down 18% from 1Q 2023). Net income: JP¥3.63b (up 9.2% from 1Q 2023). Profit margin: 5.3% (up from 4.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jul 14
Fujitsu General Limited to Report Q1, 2024 Results on Jul 25, 2023 Fujitsu General Limited announced that they will report Q1, 2024 results on Jul 25, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥83.04 (vs JP¥35.56 in FY 2022) Full year 2023 results: EPS: JP¥83.04 (up from JP¥35.56 in FY 2022). Revenue: JP¥371.0b (up 31% from FY 2022). Net income: JP¥8.69b (up 134% from FY 2022). Profit margin: 2.3% (up from 1.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%). Reported Earnings • Jan 27
Third quarter 2023 earnings released: JP¥26.39 loss per share (vs JP¥1.21 loss in 3Q 2022) Third quarter 2023 results: JP¥26.39 loss per share (further deteriorated from JP¥1.21 loss in 3Q 2022). Revenue: JP¥73.8b (up 16% from 3Q 2022). Net loss: JP¥2.76b (loss widened JP¥2.64b from 3Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 15% share price gain to €24.40, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.09 per share. Announcement • Dec 04
Fujitsu General Limited to Report Q3, 2023 Results on Jan 25, 2023 Fujitsu General Limited announced that they will report Q3, 2023 results on Jan 25, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent External Director Osami Maehara was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: JP¥15.77 (vs JP¥4.74 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.77 (up from JP¥4.74 loss in 2Q 2022). Revenue: JP¥100.0b (up 67% from 2Q 2022). Net income: JP¥1.65b (up JP¥2.15b from 2Q 2022). Profit margin: 1.7% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is on the higher end at 99% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.9%). Announcement • Sep 04
Fujitsu General Limited to Report Q2, 2023 Results on Oct 26, 2022 Fujitsu General Limited announced that they will report Q2, 2023 results on Oct 26, 2022 Buying Opportunity • Aug 31
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €26.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 5.4%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Reported Earnings • Jul 27
First quarter 2023 earnings released: EPS: JP¥31.78 (vs JP¥35.00 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.78 (down from JP¥35.00 in 1Q 2022). Revenue: JP¥82.9b (up 11% from 1Q 2022). Net income: JP¥3.33b (down 9.2% from 1Q 2022). Profit margin: 4.0% (down from 4.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 15%, compared to a 3.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Jun 25
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥284.1b (up 7.0% from FY 2021). Net income: JP¥3.72b (down 71% from FY 2021). Profit margin: 1.3% (down from 4.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 5.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Announcement • Jun 08
Fujitsu General Limited to Report Q1, 2023 Results on Jul 26, 2022 Fujitsu General Limited announced that they will report Q1, 2023 results on Jul 26, 2022 Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥35.56 (vs JP¥124 in FY 2021) Full year 2022 results: EPS: JP¥35.56 (down from JP¥124 in FY 2021). Revenue: JP¥284.1b (up 7.0% from FY 2021). Net income: JP¥3.72b (down 71% from FY 2021). Profit margin: 1.3% (down from 4.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent External Director Osami Maehara was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
Fujitsu General Limited to Report Fiscal Year 2022 Results on Apr 27, 2022 Fujitsu General Limited announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 18 June 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (2.3%). Reported Earnings • Jan 29
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: JP¥1.21 loss per share (down from JP¥8.16 profit in 3Q 2021). Revenue: JP¥63.7b (up 20% from 3Q 2021). Net loss: JP¥127.0m (down 115% from profit in 3Q 2021). Revenue exceeded analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 9.1%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
Fujitsu General Limited Provides Earnings Forecast for the Year Ended March 31, 2022 Fujitsu General Limited provided earnings forecast for the year ended March 31, 2022. For the period the company expected, Net sales of JPY 310,000 million. Operating profit of JPY 15,000 million . Profit attributable to owners of parent of JPY 9,500 million. Basic earnings per share of JPY 90.76. Reported Earnings • Oct 27
Second quarter 2022 earnings released: JP¥4.74 loss per share (vs JP¥26.63 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥59.8b (down 13% from 2Q 2021). Net loss: JP¥496.0m (down 118% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.1%). Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥35.00 (vs JP¥32.63 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥74.7b (up 29% from 1Q 2021). Net income: JP¥3.66b (up 7.3% from 1Q 2021). Profit margin: 4.9% (down from 5.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 25
Fujitsu General to Be Deleted from Other OTC Fujitsu General Ltd. Ordinary Shares will be deleted from Other OTC effective June 25, 2021. The deletion is due to Inactive Security. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥124 (vs JP¥55.10 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥265.5b (up 1.3% from FY 2020). Net income: JP¥13.0b (up 126% from FY 2020). Profit margin: 4.9% (up from 2.2% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS JP¥124 (vs JP¥55.10 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥265.5b (up 1.3% from FY 2020). Net income: JP¥13.0b (up 126% from FY 2020). Profit margin: 4.9% (up from 2.2% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Apr 27
NTT Electronics Corporation agreed to acquire 66.6% stake in Fujitsu Advanced Technologies Ltd. from Fujitsu General Limited (TSE:6755). NTT Electronics Corporation agreed to acquire 66.6% stake in Fujitsu Advanced Technologies Ltd. from Fujitsu General Limited (TSE:6755) on April 26, 2021. The transaction is expected to close on June 1, 2021. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 18 June 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.2%). Announcement • Mar 04
Fujitsu General Limited to Report Fiscal Year 2021 Results on Apr 26, 2021 Fujitsu General Limited announced that they will report fiscal year 2021 results on Apr 26, 2021 Is New 90 Day High Low • Feb 09
New 90-day high: €26.00 The company is up 4.0% from its price of €25.00 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.51 per share. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥8.16 (vs JP¥7.18 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥53.0b (up 11% from 3Q 2020). Net income: JP¥854.0m (up JP¥1.61b from 3Q 2020). Profit margin: 1.6% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue misses expectations Revenue missed analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 9.4%, compared to a 7.2% growth forecast for the Consumer Durables industry in Germany. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥24.20, the stock is trading at a trailing P/E ratio of 33.3x, up from the previous P/E ratio of 27.8x. This compares to an average P/E of 27x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 68%. Reported Earnings • Jan 29
Third quarter 2021 earnings released: EPS JP¥8.16 (vs JP¥7.18 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥53.0b (up 11% from 3Q 2020). Net income: JP¥854.0m (up JP¥1.61b from 3Q 2020). Profit margin: 1.6% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Jan 29
Revenue misses expectations Revenue missed analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 9.4%, compared to a 6.9% growth forecast for the Consumer Durables industry in Germany. Is New 90 Day High Low • Jan 18
New 90-day low: €21.00 The company is down 10.0% from its price of €23.40 on 20 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.37 per share. Is New 90 Day High Low • Dec 29
New 90-day low: €21.20 The company is down 12% from its price of €24.20 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.90 per share. Is New 90 Day High Low • Dec 11
New 90-day low: €22.00 The company is down 1.0% from its price of €22.20 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.45 per share. Announcement • Dec 05
Fujitsu General Limited to Report Q3, 2021 Results on Jan 27, 2021 Fujitsu General Limited announced that they will report Q3, 2021 results on Jan 27, 2021 Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 6.1%, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS JP¥26.63 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥68.5b (down 2.9% from 2Q 2020). Net income: JP¥2.79b (up 57% from 2Q 2020). Profit margin: 4.1% (up from 2.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 06
New 90-day high: €24.80 The company is up 24% from its price of €20.00 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.84 per share. Reported Earnings • Oct 24
First half earnings released Over the last 12 months the company has reported total profits of JP¥8.24b, up 2.5% from the prior year. Total revenue was JP¥255.8b over the last 12 months, down 2.6% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 24
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 2.3% at JP¥126.6b. Revenue is forecast to grow 4.5% over the next year, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Announcement • Sep 11
Fujitsu General Limited to Report Q2, 2021 Results on Oct 23, 2020 Fujitsu General Limited announced that they will report Q2, 2021 results on Oct 23, 2020 Announcement • Jun 29
Fujitsu General Limited to Report Q1, 2021 Results on Jul 21, 2020 Fujitsu General Limited announced that they will report Q1, 2021 results on Jul 21, 2020 
