Slides
Page 1
FY2026 Q1 Financial Results Fujikura August 7 , 2026
Page 2
2 FY 2026 Q 1 Results FY 2026 Forecast Capital Allocation & Shareholder Returns 1 2 3
Page 3
3 FY 2026 Q 1 Results FY 2026 Forecast Capital Allocation & Shareholder Returns 1 2 3
Page 4
4©2026 Fujikura Ltd. Net sales 402.0 （ YoY Change +134.1 ） Operating Profit 104.8 （ YoY Change +63.7 ） Profit Attributable to Owners of Parent 80.4 （ YoY Change +49.1 ） １ - １ . Key Highlights of FY2026 Q1 Results Record first - quarter profit at every level Strong start to the “The 4th Founding" phase announced in the FY2028 Mid - Term Plan ■ Telecommunication Systems continued to drive growth ・ Net sales and operating profit increased significantly, supported by strong demand from data centers. ・ Amid global fiber shortages, we expanded our optical components and data center engineering businesses, leveraging areas less dependent on fiber production capacity. ・ Secured a large optical component order for a new data center project outside the U.S. ■ Hydrogen procurement risk has eased ・ The impact of hydrogen procurement constraints remained limited in Q1 through inventory utilization. (Yen in billion)
Page 5
5©2026 Fujikura Ltd. １ - ２ . FY2026 Q1 Results Summary A B B-A B÷A C B÷C (%) Net sales (Yen in billion) 267.9 402.0 134.1 150% 778.0 52% Operating Profit (Yen in billion) 41.1 104.8 63.7 255% 174.0 60% Ratio of Operating Profit to Net Sales (％) 15.3 26.1 10.8 － 22.4 － Ordinary Profit (Yen in billion) 41.8 111.5 69.7 267% 177.0 63% Profit Attributable to Owners of Parent (Yen in billion) 31.3 80.4 49.1 257% 128.0 63% Net Profit per Share (JPY) 18.92 48.58 29.66 － 77.31 － Exchange Rate (USD/JPY) 144.60 159.57 14.97 － 150.00 － CU Base ('000JPY/ton) 1,424 2,220 796 － 1,700 － Progress (on schedule 50%) Change FY2026 1H Revised Forecast 2026.6.18 FY2025 Q1 Results FY2026 Q1 Results
Page 6
6©2026 Fujikura Ltd. １ - ３ . YoY Change in Net Sales ■ Strong demand from data center customers drove growth in optical components, fiber - optic cables, and engineering services. FY2025 Q1 Results FY2026 Q1 Results YoY Change +134.1 Exchange Rate Impact Copper Price Impact Underlying Growth 267.9 402.0 (Yen in billion) +32.6 +8.7 +92.9
Page 7
7©2026 Fujikura Ltd. １ - ４ . YoY Change in Operating Profit ■ Increased sales of optical components and an improved product mix drove higher operating profit. YoY Change +63.7 Market Environment Factors+14.1 Business Factors +49.6 Exchange Rate Impact Copper Price Impact Marginal Profit from Higher Sales Change in Fixed Costs Price increases And Improved Product Mix 41.1 104.8 FY2025 Q1 Results FY2026 Q1 Results IEEPA Tariff Refund * IEEPA tariff refund: Tariff refunds under the International Emergency Economic Powers Act (IEEPA). (Yen in billion) +9.4 +0.9 +3.8 +36.1 (9.9) +23.4
Page 8
8©2026 Fujikura Ltd. １ - ５ . Q1 Segment Performance (YoY) （Yen in billion） Net sales Operating Profit /Ratio（％） Net sales Operating Profit /Ratio（％） Net sales Operating Profit 143.8 34.0 264.4 98.0 120.6 64.0 23.6% 37.0% +13.4pt 39.4 1.7 35.3 0.4 (4.1) (1.2) 4.2% 1.3% (3.0pt) 44.1 1.4 55.0 1.2 10.9 (0.2) 3.1% 2.1% (1.0pt) 35.4 3.3 43.6 5.3 8.2 2.0 9.4% 12.1% +2.7pt 2.8 1.4 2.8 1.3 0.0 (0.0) 48.6% 47.0% (1.6pt) Other 2.3 (0.6) 0.8 (1.3) (1.5) (0.7) 267.9 41.1 402.0 104.8 134.1 63.7 15.3% 26.1% +10.7pt Real Estate Total Automotive Products Power Systems Telecommunication Systems Electronics A B B-A FY2025 1Q FY2026 1Q Change
Page 9
9©2026 Fujikura Ltd. １ - ６ . Q1 Performance by Segment ■ Net Sales 264.4 billion (YoY +120.6 billion) ■ Operating Profit 98.0 billion (YoY+64.0 billion) ・ Strong demand continued, supported by increased data center investment in the U.S. and other regions. ・ Net sales and operating profit increased, driven by solid orders for optical components, optical cables, and engineering services for data centers. ・ Profit expanded due to price increases and an improved product mix. [Production & Supply Capacity] ・ The impact of supply constraints, including hydrogen shortages initially anticipated, was mitigated through initiatives to reduce consumption and effective inventory utilization. ・ Productivity improvements continued at the new domestic optical cable plant. ・ Supply capacity was strengthened through external procurement of optical fiber from multiple suppliers. Telecommunication Systems (Yen in billion) 143.8 264.4 34.0 98.0 23.6% 37.0% 25/1Q 26/1Q Net sales Operating Profit Ratio of Operating Profit to Net Sales
Page 10
10©2026 Fujikura Ltd. １ - ７ . Q1 Performance by Segment ■ Net Sales 55.0 billion (YoY +10.9 billion) ■ Operating Profit 1.2 billion (YoY (0.2) billion) ・ Net sales increased, mainly due to higher production volumes in Europe. ・ Initiatives to improve productivity and profitability for newly launched vehicle programs are ongoing. Automotive Products ■ Net Sales 35.3 billion (YoY (4.1) billion) ■ Operating Profit 0.4 billion (YoY (1.2) billion) ・ Changes in the product mix for smartphone - related products and higher material costs. ・ HDD - related products remained solid, supported by growing demand from data centers. ・ Yield improvement and productivity enhancement initiatives are ongoing. Electronics * Effective FY2026, certain products were transferred from Electronics to Automotive as part of a business reorganization to strengthen the earnings base. (Net sales impact in FY2026 Q1: ¥3.9 billion) (Yen in billion) 39.4 35.3 1.7 0.4 4.2% 1.3% 25/1Q 26/1Q Net sales Operating Profit Ratio of Operating Profit to Net Sales 44.1 55.0 1.4 1.2 3.1% 2.1% 25/1Q 26/1Q Net sales Operating Profit Ratio of Operating Profit to Net Sales
Page 11
11©2026 Fujikura Ltd. １ - ８ . Q1 Performance by Segment ■ Net Sales 43.6 billion (YoY+8.2 billion) ■ Operating Profit 5.3 billion (YoY+2.0 billion) ・ Net sales and operating profit increased due to growth in high - margin projects and improved pricing. Power Systems ■ Net Sales 2.8 billion (YoY +0.0 billion) ■ Operating Profit 1.3 billion (YoY (0.0) billion) ・ Performance remained stable. Real Estate (Yen in billion) 35.4 43.6 3.3 5.3 9.4% 12.1% 25/1Q 26/1Q Net sales Operating Profit Ratio of Operating Profit to Net Sales 2.8 2.8 1.4 1.3 48.6% 47.0% 25/1Q 26/1Q Net sales Operating Profit Ratio of Operating Profit to Net Sales
Page 12
12©2026 Fujikura Ltd. １ - ９ . Non - Operating Items and Income Taxes （Yen in billion） FY2025 1Q Results FY2026 1Q Results Operating Profit 41.1 104.8 Share of Profit of Entities Accounted for using equity method 2.0 5.3 Others (1.3) 1.3 Ordinary Profit 41.8 111.5 Extraordinary Income 1.9 0.1 Extraordinary Losses 0.0 0.2 Profit before Income Taxes 43.7 111.4 Total Income Taxes 11.1 29.2 Profit Attributable to Non-Controlling Interests 1.2 1.8 Profit Attributable to Owners of Parent 31.3 80.4
Page 13
13©2026 Fujikura Ltd. １ - １０ . Balance Sheet (Assets) ■ Business expansion driven by data center demand increased trade receivables and inventories, resulting in higher working capital. Receivables ： Foreign Currency Translation +3.0 Underlying Increase +58.9 Inventories ： Foreign Currency Translation +1.7 Underlying Increase +24.2 Movement in Fixed Assets ： Capital Expenditure ( CapEx ) +8.7 Depreciation & Amortization (6.8) Disposals and Other (0.7) Foreign Currency Translation +0.4 （Yen in billion） As of March 31, 2026 As of June 30, 2026 Change 〈Assets〉 969.5 1,070.7 101.2 Current Assets 657.6 757.3 99.7 Cash and Deposits 181.2 192.3 11.1 Receivables 252.6 314.5 61.9 Inventories 183.8 209.7 25.9 Other assets 40.0 40.8 0.8 Non-current Assets 311.9 313.4 1.5 Tangible Fixed Assets 196.9 198.3 1.5 Intangible Fixed Assets 18.1 12.8 (5.3) Investments and Other Assets 96.9 102.3 5.3
Page 14
14©2026 Fujikura Ltd. １ - １１ . Balance Sheet (Liabilities & Equity) ■ Despite working capital growth and dividend payments, the equity ratio remained solid at 56.8%. Net Cash Mar/2026 96.2 billion Jun/2026 76.4 billion （Yen in billion） As of March 31, 2026 As of June 30, 2026 Change Total 969.5 1,070.7 101.2 〈Liability〉 376.3 429.1 52.8 Notes and Account Payable 126.8 138.4 11.6 Interest-bearing Debt 85.0 115.9 31.0 Other Liability 164.5 174.7 10.2 〈Net Assets〉 593.2 641.6 48.4 Shareholder's Equity 452.5 496.9 44.4 Accumulated Other Comprehensive Income 107.9 111.7 3.8 Non-controlling Interests 32.8 33.0 0.2 Equity-to-assets-ratio (%) 57.8 56.8 (1.0)
Page 15
15 FY 2026 Q 1 Results FY 2026 Forecast Capital Allocation & Shareholder Returns 1 2 3
Page 16
16©2026 Fujikura Ltd. ２ - １ . Key Highlights of FY2026 Forecast ■ Business Environment Net Sales are expected to exceed ¥1.7 trillion, and Operating Profit is expected to exceed ¥430 billion. Based on strong order intake and improved visibility of large optical component projects, we have raised both our first - half and full - year forecasts. Assumptions Behind the Forecast (Opportunities and Risks) Our Response ・Exchange Rate and Sensitivity ・Exchange rate assumption for FY2026 Q2 onward: ¥160 / USD. ・Sensitivity to USD/JPY: A ¥1 change in the exchange rate impacts Operating Profit by approximately ¥2.7 billion. ・Tariffs ・Included an IEEPA tariff refund of ¥6.2 billion in the first-half forecast. ・Included the impact of new tariffs imposed under Section 301 of the U.S. Trade Act. ・Hydrogen Supply ・The impact on performance is expected to be mitigated compared with the assumptions announced on June 18, supported by reduced hydrogen consumption, diversified sourcing, and the acceleration of certain in-house production activities. ・New Data Center Projects Outside the U.S. ・The forecast announced on June 18 reflected orders secured for the first half of FY2026. ・We have also incorporated large projects expected to be awarded in the second half, as visibility has improved.
Page 17
17©2026 Fujikura Ltd. 284.3 401.8 310.0 432.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 500.0 FY2026 Revised Forecasts ① 2026.06.18 FY2026 Revised Forecasts ② 2026.08.07 Operating Profit Telecommunication Electronics Automotive Power Systems Real Estate Other ２ - ２ . Background to Forecast Revisions ■ Forecast revised upward again based on the latest order intake and business conditions. (Jun 18, 2026) Forecast revised upward to reflect large optical component orders secured for the first half. (Aug 7, 2026) Forecast revised upward again based on our assessment that visibility of large optical component orders for the second half has improved. (Yen in billion) 938.3 1,194.2 1,462.0 1,755.0 200.0 400.0 600.0 800.0 1,000.0 1,200.0 1,400.0 1,600.0 1,800.0 2,000.0 FY2026 Revised Forecasts ① 2026.06.18 FY2026 Revised Forecasts ② 2026.08.07 Net Sales
Page 18
18©2026 Fujikura Ltd. ２ - ３ . FY2026 Forecast Summary Net sales (Yen in billion) 778.0 1,462.0 821.0 1,755.0 43.0 293.0 Operating Profit (Yen in billion) 174.0 310.0 198.0 432.0 24.0 122.0 Ratio of Operating Profit to Net Sales (%) 22.4 21.2 24.1 24.6 1.8 3.4 Share of Profit to Entities Accounted for using equity method (Yen in billion) 4.6 10.0 10.0 22.7 5.4 12.7 Ordinary Profit (Yen in billion) 177.0 316.0 209.0 453.0 32.0 137.0 Profit Attributable to Owners of Parent (Yen in billion) 128.0 229.0 149.0 326.0 21.0 97.0 Net Profit per Share (JPY) 77.31 138.31 89.98 196.88 12.67 58.57 Dividend per Share (JPY) 19.0 38.0 19.0 38.0 ー ー ROE (%) － － 48.1 47.1 － － Exchange Rate (USD/JPY) 150 150 160 160 10 10 CU Base ('000JPY/ton) 1,700 1,700 2,247 2,248 547 548 2Q 2,274 2H 2,250 1H FY 1H FY 1H FY Change ②-① 2026.06.18 VS. 2026.08.07 FY2026 Revised Forecast ① 2026.06.18 FY2026 Revised Forecast ② 2026.08.07
Page 19
19©2026 Fujikura Ltd. ２ - ４ . FY2026 Forecast by Segment （Yen in billion） Net sales Operating Profit /Ratio（％） Net sales Operating Profit /Ratio（％） Net sales Operating Profit /Ratio（％） 938.3 284.3 1,194.2 401.8 255.9 117.5 30.3% 33.6% +3.3pt 171.8 9.2 171.0 10.7 (0.8) 1.5 5.4% 6.2% +0.9pt 183.5 5.9 196.1 4.2 12.6 (1.7) 3.2% 2.1% (1.1pt) 151.7 10.2 177.0 14.8 25.3 4.6 6.7% 8.4% +1.7pt 11.2 5.0 11.2 5.0 0.0 0.0 44.5% 44.4% (0.1pt) Other 5.4 (4.6) 5.5 (4.5) 0.1 0.1 1,462.0 310.0 1,755.0 432.0 293.0 122.0 21.2% 24.6% +3.4pt Real Estate Total Electronics Automotive Products Power Systems FY2026 Revised Forecast ① 2026.06.18 FY2026 Revised Forecast ② 2026.08.07 Change ②-① 2026.06.18 VS. 2026.08.07 Telecommunication Systems
Page 20
20 FY 2026 Q 1 Results FY 2026 Forecast Capital Allocation & Shareholder Returns 1 2 3
Page 21
21©2026 Fujikura Ltd. ３ - １ . Shareholder Returns ■ Shareholder Return Policy for FY2026 In line with the FY2028 Mid - Term Management Plan (FY2026 - FY2028), shareholder returns will be provided with a target dividend payout ratio of 40%. Any revision to the FY2026 dividend forecast will be determined based on the results for the second quarter.
Page 22
22©2026 Fujikura Ltd. Appendix : Net Sales by Segment (Yen in billion) FY2026 Results Q1 Q2 Q3 Q4 1H 2H FY Q1 1H 2H FY 143.8 159.7 160.4 189.1 303.5 349.5 653.0 264.4 540.6 653.6 1,194.2 39.4 46.8 45.0 41.0 86.2 86.1 172.3 35.3 81.2 89.8 171.0 44.1 42.1 43.3 49.9 86.2 93.2 179.4 55.0 104.1 92.0 196.1 35.4 37.8 41.2 42.5 73.2 83.7 157.0 43.6 87.6 89.5 177.0 2.8 2.8 2.7 2.7 5.6 5.5 11.0 2.8 5.6 5.6 11.2 2.3 1.9 3.2 2.2 4.3 5.4 9.7 0.8 2.0 3.5 5.5 267.9 291.1 295.9 327.4 559.0 623.4 1,182.4 402.0 821.0 934.0 1,755.0 FY2025 Results FY2026 Revised Forecast 2026.08.07 Electronics Automotive Real Estate Other Telecommunication Systems Power Systems Total
Page 23
23©2026 Fujikura Ltd. Appendix : Operating Profit by Segment (Yen in billion) FY2026 Results Q1 Q2 Q3 Q4 1H 2H FY Q1 1H 2H FY 34.0 39.9 40.4 38.5 73.8 78.9 152.7 98.0 183.7 218.1 401.8 1.7 3.3 1.9 0.8 4.9 2.7 7.7 0.4 5.3 5.3 10.7 1.4 0.9 1.6 3.0 2.3 4.6 6.8 1.2 1.1 3.1 4.2 3.3 4.2 7.3 4.1 7.5 11.4 18.9 5.3 7.9 6.9 14.8 1.4 1.1 1.2 1.2 2.5 2.5 5.0 1.3 2.5 2.5 5.0 (0.6) (0.3) (0.4) (1.1) (0.9) (1.5) (2.4) (1.3) (2.6) (1.9) (4.5) 41.1 49.1 52.0 46.5 90.2 98.5 188.7 104.8 198.0 234.0 432.0 FY2025 Results FY2026 Revised Forecast 2026.08.07 Total Telecommunication Systems Power Systems Electronics Automotive Real Estate Other
Page 24
24 Notes: Statements regarding the future such as performance outlook in this presentation are based on the information available to the Company on the date hereof and certain assumptions considered reasonable, and the Company does not commit to achieving it. Actual results may differ due to various factors.