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Fujitsu

OTCPK:FJTS.Y
Snowflake Description

Solid track record with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FJTS.Y
OTCPK
¥1,588B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Fujitsu Limited operates as an information and communication technology (ICT) company. The last earnings update was 41 days ago. More info.


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FJTS.Y Share Price and Events
7 Day Returns
2.4%
OTCPK:FJTS.Y
1.7%
US IT
1.2%
US Market
1 Year Returns
18%
OTCPK:FJTS.Y
15.5%
US IT
3%
US Market
FJTS.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fujitsu (FJTS.Y) 2.4% -0.6% 14.2% 18% 91.2% 22%
US IT 1.7% 4.9% 22.3% 15.5% 80.2% 94.8%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • FJTS.Y outperformed the IT industry which returned 15.5% over the past year.
  • FJTS.Y outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
FJTS.Y
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Fujitsu undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fujitsu to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fujitsu.

OTCPK:FJTS.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:FJTS.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.064 (1 + (1- 30.86%) (41.49%))
1.247
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.247 * 5.96%)
10.17%

Discounted Cash Flow Calculation for OTCPK:FJTS.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fujitsu is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:FJTS.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.17%)
2019 133,035.00 Analyst x4 120,759.75
2020 153,766.67 Analyst x6 126,699.46
2021 127,628.57 Analyst x7 95,458.98
2022 129,925.00 Analyst x4 88,210.01
2023 108,900.00 Analyst x3 67,113.41
2024 102,031.95 Est @ -6.31% 57,078.68
2025 98,363.16 Est @ -3.6% 49,948.97
2026 96,692.95 Est @ -1.7% 44,570.26
2027 96,335.57 Est @ -0.37% 40,308.19
2028 96,875.32 Est @ 0.56% 36,793.92
Present value of next 10 years cash flows ¥726,941.62
OTCPK:FJTS.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥96,875.32 × (1 + 2.73%) ÷ (10.17% – 2.73%)
¥1,338,530.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,338,530.78 ÷ (1 + 10.17%)10
¥508,383.26
OTCPK:FJTS.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥726,941.62 + ¥508,383.26
¥1,235,324.87
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,235,324.87 / 202.68
¥6094.81
OTCPK:FJTS.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:FJTS.Y represents 0.00179x of TSE:6702
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00179x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 6,094.81 x 0.00179
$10.91
Value per share (USD) From above. $10.91
Current discount Discount to share price of $14.03
= -1 x ($14.03 - $10.91) / $10.91
-28.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Fujitsu is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fujitsu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fujitsu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FJTS.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥808.09
TSE:6702 Share Price ** TSE (2019-03-20) in JPY ¥7836
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.36x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fujitsu.

OTCPK:FJTS.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6702 Share Price ÷ EPS (both in JPY)

= 7836 ÷ 808.09

9.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fujitsu is good value based on earnings compared to the US IT industry average.
  • Fujitsu is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fujitsu's expected growth come at a high price?
Raw Data
OTCPK:FJTS.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
5.6%per year
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.42x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

OTCPK:FJTS.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.7x ÷ 5.6%

1.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fujitsu is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fujitsu's assets?
Raw Data
OTCPK:FJTS.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥5,244.53
TSE:6702 Share Price * TSE (2019-03-20) in JPY ¥7836
United States of America IT Industry PB Ratio Median Figure of 122 Publicly-Listed IT Companies 4.43x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:FJTS.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6702 Share Price ÷ Book Value per Share (both in JPY)

= 7836 ÷ 5,244.53

1.49x

* Primary Listing of Fujitsu.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fujitsu is good value based on assets compared to the US IT industry average.
X
Value checks
We assess Fujitsu's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Fujitsu has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fujitsu expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fujitsu expected to grow at an attractive rate?
  • Fujitsu's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Fujitsu's earnings growth is positive but not above the United States of America market average.
  • Fujitsu's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:FJTS.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:FJTS.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 5.6%
OTCPK:FJTS.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts -0.8%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:FJTS.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FJTS.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 3,759,500 248,950 134,200 2
2022-03-31 3,870,333 281,400 149,800 3
2021-03-31 3,808,703 253,258 139,532 12
2020-03-31 3,787,651 264,934 123,895 14
2019-03-31 3,898,586 233,235 115,571 15
OTCPK:FJTS.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 3,983,869 145,836 165,369
2018-09-30 4,009,683 191,957 200,587
2018-06-30 4,043,398 223,405 234,321
2018-03-31 4,098,379 200,415 160,109
2017-12-31 4,235,518 227,036 102,451
2017-09-30 4,347,857 262,976 117,281
2017-06-30 4,445,779 269,954 101,087
2017-03-31 4,509,694 250,331 88,489
2016-12-31 4,531,604 314,277 129,679
2016-09-30 4,583,077 263,418 114,580
2016-06-30 4,660,766 285,787 91,612
2016-03-31 4,739,294 253,092 86,763

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fujitsu's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • Fujitsu's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FJTS.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Fujitsu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FJTS.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 540.10 540.10 540.10 1.00
2022-03-31 739.69 934.39 545.00 2.00
2021-03-31 687.01 836.03 519.60 12.00
2020-03-31 607.25 678.75 478.00 15.00
2019-03-31 560.29 679.60 490.31 14.00
OTCPK:FJTS.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 808.09
2018-09-30 978.58
2018-06-30 1,142.25
2018-03-31 780.33
2017-12-31 499.25
2017-09-30 570.24
2017-06-30 490.41
2017-03-31 428.33
2016-12-31 626.83
2016-09-30 553.84
2016-06-30 442.82
2016-03-31 419.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fujitsu is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fujitsu's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fujitsu has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fujitsu performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fujitsu's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fujitsu has delivered over 20% year on year earnings growth in the past 5 years.
  • Fujitsu's 1-year earnings growth exceeds its 5-year average (61.4% vs 21.3%)
  • Fujitsu's earnings growth has exceeded the US IT industry average in the past year (61.4% vs 16%).
Earnings and Revenue History
Fujitsu's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fujitsu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FJTS.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,983,869.00 165,369.00 972,323.00
2018-09-30 4,009,683.00 200,587.00 986,268.00
2018-06-30 4,043,398.00 234,321.00 1,000,677.00
2018-03-31 4,098,379.00 160,109.00 1,009,588.00
2017-12-31 4,235,518.00 102,451.00 1,030,162.00
2017-09-30 4,347,857.00 117,281.00 1,036,324.00
2017-06-30 4,445,779.00 101,087.00 1,044,830.00
2017-03-31 4,509,694.00 88,489.00 1,051,522.00
2016-12-31 4,531,604.00 129,679.00 1,041,326.00
2016-09-30 4,583,077.00 114,580.00 1,053,441.00
2016-06-30 4,660,766.00 91,612.00 1,071,430.00
2016-03-31 4,739,294.00 86,763.00 1,087,122.00
2015-12-31 4,797,021.00 77,637.00 1,100,654.00
2015-09-30 4,801,647.00 99,961.00 1,102,295.00
2015-06-30 4,749,620.00 114,231.00 1,099,402.00
2015-03-31 4,753,210.00 140,024.00 1,101,497.00
2014-12-31 4,774,535.00 97,922.00 885,039.00 221,389.00
2014-09-30 4,803,701.00 82,343.00 894,403.00 221,389.00
2014-06-30 4,831,883.00 77,483.00 897,243.00 221,389.00
2014-03-31 4,762,445.00 48,610.00 905,243.00 221,389.00
2013-12-31 4,614,001.00 19,610.00 1,119,109.00
2013-09-30 4,461,516.00 -71,480.00 1,115,318.00
2013-06-30 4,423,591.00 -71,100.00 1,115,277.00
2013-03-31 4,381,728.00 -72,913.00 1,108,488.00
2012-12-31 4,415,581.00 -48,860.00 874,588.00 238,360.00
2012-09-30 4,447,070.00 25,874.00 877,392.00 238,360.00
2012-06-30 4,438,873.00 39,315.00 885,718.00 238,360.00
2012-03-31 4,467,574.00 42,707.00 1,130,124.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fujitsu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fujitsu used its assets more efficiently than the US IT industry average last year based on Return on Assets.
  • Fujitsu has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fujitsu's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fujitsu has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fujitsu's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fujitsu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fujitsu is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fujitsu's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fujitsu's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fujitsu Company Filings, last reported 2 months ago.

OTCPK:FJTS.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,187,121.00 658,944.00 362,291.00
2018-09-30 1,287,846.00 702,284.00 433,006.00
2018-06-30 1,253,244.00 704,301.00 533,859.00
2018-03-31 1,204,902.00 401,889.00 452,557.00
2017-12-31 1,119,931.00 787,861.00 388,773.00
2017-09-30 1,081,657.00 836,314.00 402,715.00
2017-06-30 1,018,500.00 798,142.00 436,304.00
2017-03-31 1,019,202.00 485,092.00 380,695.00
2016-12-31 946,202.00 960,782.00 380,918.00
2016-09-30 856,409.00 917,446.00 327,821.00
2016-06-30 806,971.00 919,124.00 419,890.00
2016-03-31 926,240.00 532,549.00 380,810.00
2015-12-31 903,737.00 1,042,802.00 364,455.00
2015-09-30 891,787.00 1,024,546.00 384,311.00
2015-06-30 908,363.00 948,185.00 378,370.00
2015-03-31 934,397.00 578,492.00 362,028.00
2014-12-31 818,941.00 1,051,310.00 341,733.00
2014-09-30 766,650.00 967,423.00 306,941.00
2014-06-30 711,987.00 1,004,728.00 375,032.00
2014-03-31 702,449.00 560,768.00 305,650.00
2013-12-31 824,872.00 736,808.00 361,192.00
2013-09-30 771,153.00 681,268.00 341,486.00
2013-06-30 746,738.00 676,296.00 393,040.00
2013-03-31 909,809.00 576,116.00 304,965.00
2012-12-31 863,903.00 587,623.00 319,140.00
2012-09-30 928,767.00 469,810.00 281,225.00
2012-06-30 916,484.00 584,497.00 373,919.00
2012-03-31 966,598.00 424,677.00 273,925.00
  • Fujitsu's level of debt (55.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (89.2% vs 55.5% today).
  • Debt is well covered by operating cash flow (22.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
X
Financial health checks
We assess Fujitsu's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fujitsu has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fujitsu's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.04%
Current annual income from Fujitsu dividends. Estimated to be 2.09% next year.
If you bought $2,000 of Fujitsu shares you are expected to receive $41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fujitsu's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Fujitsu's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:FJTS.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:FJTS.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 190.00 1.00
2022-03-31 225.00 2.00
2021-03-31 174.36 14.00
2020-03-31 166.00 15.00
2019-03-31 142.67 15.00
OTCPK:FJTS.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-07 160.000 2.097
2019-01-31 160.000 2.143
2018-10-31 160.000 2.294
2018-10-26 160.000 2.352
2018-06-25 150.000 1.982
2018-04-27 150.000 2.206
2018-02-02 120.000 1.855
2018-01-31 120.000 1.656
2017-11-01 120.000 1.456
2017-10-26 120.000 1.366
2017-06-26 110.000 1.315
2017-04-28 110.000 1.383
2017-02-03 80.000 1.201
2017-01-31 80.000 1.185
2016-11-02 80.000 1.202
2016-10-27 80.000 1.311
2016-06-27 80.000 1.709
2016-04-28 80.000 1.968
2016-02-03 80.000 1.971
2016-01-29 80.000 1.731
2015-11-06 80.000 1.350
2015-10-29 80.000 1.389
2015-06-22 80.000 1.306
2015-04-30 80.000 1.145
2015-02-13 80.000 1.017
2015-01-30 80.000 1.128
2014-11-14 80.000 1.240
2014-10-30 80.000 1.202
2014-06-23 80.000 1.103
2014-04-30 80.000 1.171
2014-02-12 0.000 0.000
2014-01-30 0.000 0.000
2013-11-14 0.000 0.000
2013-10-31 0.000 0.000
2013-08-09 0.000 0.000
2013-07-30 0.000 0.000
2013-05-23 0.000 0.000
2013-02-14 100.000 2.418
2013-02-07 100.000 2.377
2012-11-14 100.000 3.015
2012-10-31 100.000 3.527
2012-07-27 100.000 3.246
2012-06-25 100.000 2.788
2012-04-27 100.000 2.754
2012-02-10 100.000 2.383
2012-01-31 100.000 2.557
2011-11-10 100.000 2.451
2011-10-26 100.000 2.410
2011-07-28 100.000 2.577
2011-04-28 100.000 2.242
2011-02-10 100.000 2.059
2011-01-28 100.000 1.911
2010-11-10 100.000 1.809
2010-07-29 100.000 1.720
2010-06-21 100.000 1.723
2010-04-30 100.000 1.672
2010-02-12 60.000 1.007
2009-11-02 60.000 1.066
2009-05-21 60.000 1.076
2009-03-23 100.000 2.340

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Fujitsu's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Fujitsu's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fujitsu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fujitsu has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fujitsu's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shigeru Sasaki
TENURE AS CEO 1.9 years
CEO Bio

Shigeru Sasaki has been the Chief Executive Officer of Fujitsu Limited since April 2017. Shigeru Sasaki served as the Chief Executive Officer of Fujitsu Laboratories Ltd. since April 01, 2016 until December 31, 2018. Shigeru Sasaki served as the Corporate Executive Officer at Fujitsu Laboratories Ltd. from April 2010 to April 01, 2016. Shigeru Sasaki served as a Representative Director at Fujitsu Laboratories Ltd. until December 31, 2018. Shigeru Sasaki has been Representative Director of Fujitsu Limited since April 2017.

CEO Compensation
  • Insufficient data for Shigeru to compare compensation growth.
  • Insufficient data for Shigeru to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Fujitsu management team in years:

1.3
Average Tenure
61
Average Age
  • The average tenure for the Fujitsu management team is less than 2 years, this suggests a new team.
Management Team

Masami Yamamoto

TITLE
Chairman
COMPENSATION
¥122M
AGE
64
TENURE
3.1 yrs

Tatsuya Tanaka

TITLE
President
COMPENSATION
¥122M
AGE
62

Shigeru Sasaki

TITLE
Chief Executive Officer and Representative Director
TENURE
1.9 yrs

Hidehiro Tsukano

TITLE
Assistant to President
AGE
60
TENURE
4.9 yrs

Hidenori Furuta

TITLE
CTO, CIO
TENURE
0.2 yrs

Mitsuya Yasui

TITLE
SEVP, Secretary Office & General Counsel
AGE
59
TENURE
0.8 yrs

Toshiharu Kitaoka

TITLE
Senior Executive VP
TENURE
0.8 yrs

Toshio Hirose

TITLE
Executive VP
TENURE
0.2 yrs

Hiroshi Hayashi

TITLE
Head of Global Human Resources

Eithne Wallis

TITLE
Managing Director of Government Division
TENURE
9.8 yrs
Board of Directors Tenure

Average tenure and age of the Fujitsu board of directors in years:

3.8
Average Tenure
64
Average Age
  • The tenure for the Fujitsu board of directors is about average.
Board of Directors

Tatsuya Tanaka

TITLE
President
COMPENSATION
¥122M
AGE
62
TENURE
3.8 yrs

Shigeru Sasaki

TITLE
Chief Executive Officer and Representative Director
TENURE
1.9 yrs

Hidehiro Tsukano

TITLE
Assistant to President
AGE
60
TENURE
3.8 yrs

Kazuto Kojima

TITLE
Director
AGE
75
TENURE
0.8 yrs

Masami Yamamoto

TITLE
Chairman
COMPENSATION
¥122M
AGE
64
TENURE
3.8 yrs

Jun Yokota

TITLE
External Director
AGE
71
TENURE
4.8 yrs

Chiaki Mukai

TITLE
External Director
AGE
65
TENURE
3.8 yrs

Atsushi Abe

TITLE
External Director
AGE
64
TENURE
3.8 yrs

Yoshiko Kojo

TITLE
External Director
AGE
62
TENURE
0.8 yrs

Megumi Yamamuro

TITLE
External Audit & Supervisory Board Member
AGE
70
TENURE
13.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Fujitsu's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fujitsu has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Fujitsu Limited operates as an information and communication technology (ICT) company. The company's Technology Solutions segment offers system integration services, including system construction and business applications; consulting services; front-end technologies comprising ATMs, point-of-sale systems, etc.; and outsourcing services, including datacenters, ICT and application operation/management, SaaS, business process outsourcing, etc. This segment also provides network services, such as business networks and Internet/mobile content distribution; system support services, including maintenance and surveillance services for information systems and networks; and security solutions that include information systems and networks installation. In addition, it offers system products, such as servers, storage systems, and operating system and middleware software; and network management and optical transmission systems, and mobile phone base stations. The company's Ubiquitous Solutions segment provides personal computers and mobile phones, as well as navigation systems and mobile communication equipment. Its Device Solutions segment offers LSI devices for digital consumer electronics, automobiles, mobile phones, and servers; and electronic components, such as semiconductor packages, batteries, optical transceiver modules, printed circuit boards, relays, connectors, etc. The company also provides SAP infrastructure, industry, and business and technology solutions. It serves retail, automotive, manufacturing, financial, telecommunications, and healthcare sectors. The company operates in the Americas, Oceania, and Europe, the Middle East, and Africa, as well as Japan, India, and rest of Asia. Fujitsu Limited was founded in 1923 and is headquartered in Tokyo, Japan.

Details
Name: Fujitsu Limited
FJTS.Y
Exchange: OTCPK
Founded: 1923
¥14,253,881,263
202,684,880
Website: http://www.fujitsu.com
Address: Fujitsu Limited
Shiodome City Center,
1-5-2 Higashi-Shimbashi,
Tokyo,
105-7123,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6702 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1975
OTCPK FJTS.F Common Stock Pink Sheets LLC US USD 06. Jan 1975
DB FUJ1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1975
OTCPK FJTS.Y UNSPONSORED ADR Pink Sheets LLC US USD 07. Jan 1980
Number of employees
Current staff
Staff numbers
140,365
Fujitsu employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:51
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.