Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

CONSOLIDATED FINANCIAL RESULTS
FOR THE FIRST QUARTER ENDED JUNE 30, 2024 [J-GAAP]
August 2, 2024
Listed Company Name:

FUJI CORPORATION

Securities Code:6134

Listings:
URL:

Tokyo Stock Exchange, Nagoya Stock Exchange
https://www.fuji.co.jp/

Representative:

Joji Isozumi, President, and CEO

Contact:

Junichi Kano, CFO
irsr@fuji.co.jp

Scheduled date to start dividend payments:
Preparation of results briefing materials:--Yes

Holding of financial results briefing:

Yes(Amounts less than one million yen have been truncated)

1. Consolidated Financial Results (From April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes)

Net sales
Millions of yen

Three months ended
June 30, 2024
Three months ended
June 30, 2023
Note: Comprehensive income

Operating profit

Profit attributable toowners of parent

Ordinary profit%

Millions of yen%

Millions of yen%

Millions of yen%

31,051

(6.1)

3,218

(21.6)

3,943(21.5)

2,639(22.3)

33,054(15.7)

4,105(42.9)

5,023(41.2)

3,396(42.8)

Three months ended June 30, 2024: ¥ 4,398 million [(44.2)%]
Three months ended June 30, 2023: ¥ 7,889 million [(7.5)%]
Profit per share
Diluted profit per share

Three months ended
June 30, 2024
Three months ended
June 30, 2023

Yen

Yen

28.55

－

35.31

－

(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

As of June 30, 2024
As of March 31, 2024
Reference: Shareholders’ equity

257,051
250,937
As of June 30, 2024
: ¥ 228,282 million
As of March 31, 2024 : ¥ 228,163 million

Equity ratio

Millions of yen%

228,398
228,27888.8
90.9

2. Dividends
First quarterend

Second quarterend

Yen

Dividends per share
Third quarterend

Yen

Fiscal year ended
40.00－
March 31, 2024
Fiscal year ending－
March 31, 2025
Fiscal year ending
March 31, 2025
40.00
(Forecast)
Note: Revision of dividend forecast since last announcement: None

Year-end

Total

Yen

Yen

Yen

－

40.00

80.00

－

40.00

80.00

3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2025 (From April 1, 2024 to March 31,
2025)(Percentages indicate year-on-year changes)

Net sales
Millions of yen

Operating profit% Millions of yen

Profit attributable toowners of parent

Ordinary profit% Millions of yen% Millions of yen%

Profit per
share
Yen

First half
60,500(3.3)
5,400 (18.7)
6,500 (16.8)
4,800
(8.5)
51.92
Full year
133,000
4.7
14,800 10.3
16,100
7.3
12,400 18.8
134.12
Note: Revision of results forecast since last announcement: Yes
Please refer to “Notice pf Revision to Forecast of Business Results” which was issued on the same day for details.

*Notes(1) Significant changes in scope of consolidation during the period under review: None
New Company: － Exclusion: －(2) Application of accounting treatments specific to the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, accounting estimates, and retrospective restatements
1) Changes in accounting policies in accordance with revision of accounting standards: None
2) Changes in accounting policies other than item 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatements: None
(4) Number of shares issued (common stock)1) Number of shares issued as of end of period (including treasury shares)
As of June 30, 2024: 97,823,748 shares
As of March 31, 2024: 97,823,748 shares
2) Number of treasury shares as of end of period
As of June 30, 2024: 5,433,054 shares
As of March 31, 2024: 5,212,668 shares
3) Average number of shares during the period
Three months ended June 30, 2024: 92,454,652 shares
Three months ended June 30, 2023: 96,177,800 shares

Review of the Japanese-language originals of the attached quarterly consolidated financial statements bycertified public accountants or auditing firms: None
Explanation regarding appropriate use of results forecasts and other special remarks(Notes on the forward-looking statements)
The forward-looking statements, including results forecasts, contained in these materials are based on information
available to the Company and on certain assumptions deemed to be reasonable as of the date of release of thisdocument and they are not meant to be a commitment by the Company. Also, actual business results may differ
substantially due to a number of factors. Please refer to “Notice pf Revision to Forecast of Business Results” which was
issued on the same day for details regarding assumptions and other matters concerning for the forecast of consolidated
results.
(How to obtain results briefing materials for financial results)
The results briefing materials will be posted on the Company’s website from August 2, 2024.

Contents
1. Overview of Operating Results, etc. ...........................................................................................................................

2(1) Overview of Operating Results for the Three Months Ended June 30, 2024 .......................................................... 2(2) Overview of Financial Position for the Three Months Ended June 30, 2024 .......................................................... 3(3) Explanation of Forward-Looking Information including Forecast of Consolidated Results .....................................
2. Consolidated Financial Statements ............................................................................................................................

3
4(1) Consolidated Balance Sheets .................................................................................................................................
(2) Consolidated Statements of Income and Comprehensive Income .........................................................................

4
6(Consolidated Statements of Income) ...................................................................................................................... 6(For the Three Months Ended June 30, 2023 and 2024) ......................................................................................... 6(Consolidated Statements of Comprehensive Income) ...........................................................................................
(For the Three Months Ended June 30, 2023 and 2024) ........................................................................................
(3) Notes to Consolidated Financial Statements ..........................................................................................................

7
7
8(Notes to segment information, etc.) ........................................................................................................................
(Notes to a significant change in shareholders’ equity) ...........................................................................................

8
9(Notes to assumption of going concern) ..................................................................................................................

9(Notes to quarterly consolidated statement of cash flows) ...................................................................................... 9
3. Others ......................................................................................................................................................................... 10(1) Orders and Sales .................................................................................................................................................... 10(2) Information on Disaggregation of Revenue from Contracts with Customers .......................................................... 11- 1 -1. Overview of Operating Results, etc.
(1) Overview of Operating Results for the Three Months Ended June 30, 2024
In the Japanese economy during the three months ended June 30, 2024, the economic recovery stalled due to sluggish
growth in personal consumption accompanying rising prices, although capital investment remained firm, supported byhigh levels of corporate earnings. In the global economy, while the economy remained firm in North America, mainly
due to domestic demand, capital investment in the manufacturing sector was sluggish in Europe and China.
In this environment, the Company and its subsidiaries (hereinafter referred to as the “Group”) have set the
purpose of “Enriching the lives of those in the world around us,” and aim to create new value for society and realize asustainable and mindful society full of smiling faces by providing products and services that will excite and inspire ourcustomers in the areas of manufacturing, nursing care, logistics, etc. on the foundation of robotics and automation
technology. In our main business of Robotic Solutions, with the aim to have the top market share for all products wehandle, we strived to develop new markets and customers by focusing on expanding the sales of new-generation
models such as the FUJI Smart Factory Platform NXTR and the expandable all-in-one pick and place machine
AIMEXR, as well as worked on the speedy development of original and competitive products. Furthermore, we
promoted solution proposals centered on the FUJI Smart Factory as well as strived to strengthen sales and technicalsupport systems in Japan and abroad through cooperation with dealers and Group companies. Also, we havereorganized our organizational structure, aiming to create businesses that will become the pillars of the next
generation, and promoted the commercialization of products other than SMT pick and place machines, such as thedelivery locker system Quist and the transfer support robot Hug. In the Machine Tools business, we have revamped
our organizational structure in order to pivot to the establishment of the business foundation and achievement ofsustainable profit growth. In addition, we worked to establish our superiority in the turnkey business and ultimately
acquire new customers by striving to improve production efficiency and proposal-based sales capabilities. We also
promoted improvements in operational efficiency in production, sales and development in the Group through the use ofdigital technology and aimed to increase profitability.
Meanwhile, electronics demand has yet to fully recover, net sales for the three months ended June 30, 2024
decreased by ¥2,002 million (6.1%) from the corresponding period of the previous fiscal year, to ¥31,051 million.
Operating profit decreased by ¥887 million (21.6%) from the corresponding period of the previous fiscal year, to ¥3,218
million. In addition, ordinary profit decreased by ¥1,080 million (21.5%) from the corresponding period of the previous
fiscal year, to ¥3,943 million, and profit attributable to owners of parent decreased by ¥756 million (22.3%) from thecorresponding period of the previous fiscal year, to ¥2,639 million.
Operating results by segments are as follows.
Robotic Solutions
While the investment in China grew in communication-related equipment, mainly in smartphones, the investment inequipment continued to be weak in other regions, including Europe. As a result, net sales for the segment decreasedby ¥2,216 million (7.3%) from the corresponding period of the previous fiscal year, to ¥28,257 million. Operating profit
decreased by ¥1,334 million (25.1%) from the corresponding period of the previous fiscal year, to ¥3,986 million.
Machine Tools
Due to a temporary investment in the automotive market in North America, net sales for the segment increased by¥240 million (11.0%) from the corresponding period of the previous fiscal year, to ¥2,420 million, and operating profit
was ¥34 million (operating loss for the same period of the previous fiscal year was ¥246 million).

- 2 -(2) Overview of Financial Position for the Three Months Ended June 30, 2024
(Assets)
The current assets as of June 30, 2024 was ¥165,063 million, an increase of ¥3,627 million from the end of theprevious fiscal year. This is mainly because cash and deposits increased by ¥7,174 million while consumption taxes
refund receivable (included in “Other” in current assets) decreased by ¥3,558 million. Non-current assets increased by¥2,486 million from the end of the previous fiscal year, to ¥91,988 million. This is mainly because construction inprogress increased by ¥3,032 million due to the reconstruction of some buildings at the Okazaki Factory, etc. while
investment securities decreased by ¥602 million due to a decline in the stock market and other factors.
As a result, total assets increased by ¥6,114 million from the end of the previous fiscal year, to ¥257,051
million.
(Liabilities)
The current liabilities as of June 30, 2024 was ¥25,198 million, an increase of ¥6,791 million from the end of theprevious fiscal year. This is mainly because notes payable - facilities (included in “Other” in current liabilities) increasedby ¥2,977 million due to the reconstruction of some buildings at the Okazaki Factory, etc. and advances received(included in “Other” in current liabilities) increased by ¥1,848 million. Non-current liabilities decreased by ¥796 million
compared with the end of the previous fiscal year, to ¥3,455 million. This is mainly because deferred tax liabilities(included in “Other” in non-current liabilities) decreased by ¥785 million.
As a result, total liabilities increased by ¥5,994 million from the end of the previous fiscal year, to ¥28,653
million.
(Net assets)
The total net assets as of June 30, 2024 was ¥228,398 million, an increase of ¥119 million from the end of the previous
fiscal year.

(3) Explanation of Forward-Looking Information including Forecast of Consolidated Results
Modifications have been made to the forecasts for consolidated business results for the fiscal year ending March 31,
2025 that we announced on May 10, 2024.
For details, please refer to “Notice of Revision to Forecast of Business Results” which was issued on the same
day.

- 3 -

2. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)
As of March 31,2024

As of June 30,
2024

AssetsCurrent assets
Cash and deposits

61,812

68,987

Notes and accounts receivable - trade
Securities

32,207
2,835

34,1082,807

Merchandise and finished goods
Work in process

12,77928,933

13,48130,160Raw materials and supplies

15,404

13,148

Other
Allowance for doubtful accounts

7,601
(139)

2,526
(156)

161,436

165,063

Property, plant and equipment

33,69736,604

Intangible assets
Goodwill
Other

9,417
14,1669,130
14,43823,58423,568Investment securities

25,92325,320Retirement benefit asset

4,504

4,548

Other

1,791

1,946

Total investments and other assets

32,21931,81589,501

91,988250,937

257,051

Current liabilities
Notes and accounts payable - trade

6,110

6,332

Income taxes payable
Provision for product warranties
Other

589
632
11,074

1,134
616
17,115

Total current liabilities

18,40625,198

374
3,878

376
3,079

Total current assets
Non-current assets

Total intangible assets
Investments and other assets

Total non-current assets
Total assets
Liabilities

Non-current liabilities
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities

- 4 -

4,252

3,455

22,65928,653

(Millions of yen)
As of March 31,2024

As of June 30,
2024

Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings

5,878
7,109
201,332

5,878
7,109
200,267

Treasury shares(11,029)(11,603)

Total shareholders’ equity

203,291

201,652

11,75911,240

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

(1)

(2)

Foreign currency translation adjustment
Remeasurements of defined benefit plans

12,035
1,079

14,582809

Total accumulated other comprehensive income

24,871

26,630Non-controlling interests
Total net assets
Total liabilities and net assets

- 5 -

114

115

228,278

228,398

250,937

257,051

(2) Consolidated Statements of Income and Comprehensive Income(Consolidated Statements of Income)(For the Three Months Ended June 30, 2023 and 2024)(Millions of yen)Three months
ended June 30,
2023

Three months
ended June 30,
2024

Net sales

33,05431,051

Cost of sales

20,732

19,739Gross profit

12,322

11,311

Selling, general and administrative expenses

8,216

8,093

Operating profit

4,105

3,218

Interest income

74

172

Dividend income
Foreign exchange gains

260
515

278
244

Miscellaneous income

73

66

Total non-operating income

923

761

Interest expenses

2

3Commission expenses

1

3

Donations028

Miscellaneous expenses

01

Total non-operating expenses

5

36

5,023

3,943

Gain on disposal of non-current assets

2

8

Total extraordinary income

2

8

226

5

Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses
Loss on disposal of non-current assets
Total extraordinary losses

226

5Profit before income taxes

4,799

3,946

Income taxes - current
Income taxes - deferred

1,377
25

1,825
(517)

Total income taxes

1,403

1,307

Profit

3,395

2,638

Loss attributable to non-controlling interests
Profit attributable to owners of parent

- 6 -

(0)

(1)

3,396

2,639

(Consolidated Statements of Comprehensive Income)(For the Three Months Ended June 30, 2023 and 2024)(Millions of yen)Three months
ended June 30,
2023
ProfitThree months
ended June 30,
2024

3,395

2,638

1,894

(518)

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income

(21)

(0)

2,584

2,548

36

(269)

4,493

1,760

7,889

4,398

7,887

4,397

1

0

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests- 7 -(3) Notes to Consolidated Financial Statements(Notes to segment information, etc.)
I. Three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
1) Information on the amounts of net sales and profit or loss by reportable segment(Millions of yen)
Reportable segments

Other(Note)

Total

Robotic
Solutions

MachineTools

Subtotal

30,4742,179

32,653400

33,054

2

－

2

42

44

Total

30,4762,179

32,656442

33,098Segment income (loss)

5,320

(246)

5,074

(57)

5,016

Net sales
Sales to external customers
Inter-segment sales or transfers

Note: “Other” include business activities that do not fit into the main two reportable segments. This includes the
manufacture of control equipment and electronic equipment, and image processing development.
2) Difference between the aggregate amount of the profit or loss of a reportable segment and the amount posted
in the consolidated statements of income and major descriptions of such difference (difference adjustments
and related matters)(Millions of yen)
IncomeAmountReportable segments total

5,074

Gains (losses) in Others(57)

Inter-segment transaction eliminations

2

Corporate expenses (Note)(912)

Operating profit in the consolidated statements of income

4,105

Note: Corporate expenses mainly consist of general and administrative expenses and research and development
expenses not attributable to the reportable segments.

- 8 -II. Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
1) Information on the amounts of net sales and profit or loss by reportable segment(Millions of yen)
Reportable segments
Robotic
MachineSubtotal
Solutions
Tools

Other
(Note)Total

Net sales
Sales to external customers

28,2572,420

30,677373

31,051

2

－

2

46

49

Total

28,2602,420

30,680420

31,100

Segment income (loss)

3,986

34

4,020

(33)

3,986

Inter-segment sales or transfers

Note: “Other” include business activities that do not fit into the main two reportable segments. This includes the
manufacture of control equipment, electronic equipment, and image processing development.
2) Difference between the aggregate amount of the profit or loss of a reportable segment and the amount posted
in the consolidated statements of income and major descriptions of such difference (difference adjustments
and related matters)(Millions of yen)
IncomeAmountReportable segments total

4,020

Gains (losses) in Others(33)

Inter-segment transaction eliminations

2

Corporate expenses (Note)(771)

Operating profit in the consolidated statements of income

3,218

Note: Corporate expenses mainly consist of general and administrative expenses and research and development
expenses to the reportable segments.
(Notes to a significant change in shareholders’ equity)
Not applicable(Notes to assumption of going concern)
Not applicable(Notes to quarterly consolidated statement of cash flows)
We did not prepare any quarterly consolidated statement of cash flows for the period under review. Shown below
are depreciation and amortization expenses (including amortization expense of intangible fixed assets, excluding
goodwill) and amortization expense of goodwill for the period under review.
(Millions of yen)Three months ended June 30, 2023
Depreciation
Amortization of goodwill- 9 -Three months ended June 30, 2024

2,029

2,004

296

303

3. Others(1) Orders and Sales
Three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
Name of segment

Orders(Millions of yen)

Ratio
(%)

Net sales(Millions of yen)

Ratio
(%)

Order backlogs(Millions of yen)

Ratio
(%)

Robotic Solutions

25,52892.4

30,47492.2

40,18285.0

Machine Tools

1,765

6.4

2,179

6.6

6,765

14.3

Reportable segments subtotal

27,29498.8

32,65398.8

46,947

99.3

Other

336

1.2

400

1.2

323

0.7

Total

27,630100.0

33,054100.0

47,271

100.0

Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
Name of segment

Orders(Millions of yen)

Ratio
(%)

Net sales(Millions of yen)

Ratio
(%)

Order backlogs(Millions of yen)

Ratio
(%)

Robotic Solutions

21,97688.7

28,25791.0

28,255

79.4

Machine Tools

2,429

9.8

2,420

7.8

7,028

19.8

Reportable segments subtotal

24,406

98.5

30,67798.8

35,283

99.2

Other

371

1.5

373

1.2

288

0.8

Total

24,777100.0

31,051

100.0

35,571

100.0

Fiscal year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)
Name of segment

Orders(Millions of yen)

Ratio
(%)

Net sales(Millions of yen)

Ratio
(%)

Order backlogs(Millions of yen)

Ratio
(%)

Robotic Solutions

104,005

89.5

114,596

90.2

34,536

82.5

Machine Tools

10,2948.9

10,455

8.2

7,018

16.8

Reportable segments subtotal

114,300

98.4

125,052

98.4

41,554

99.3

Other

1,909

1.6

2,007

1.6

290

0.7

Total

116,209100.0

127,059

100.0

41,845100.0- 10 -

(2) Information on Disaggregation of Revenue from Contracts with Customers
Three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(Millions of yen)
Name of segment

Japan

Rest of
Asia

China

U.S.

North
America(excl. U.S.)

Europe

Other

Total

Robotic Solutions

2,363

10,412

6,724

3,624

1,328

5,085

936

30,474

Machine Tools

854

361

14

699

56

12

181

2,179

3,217

10,774

6,738

4,323

1,384

5,097

1,117

32,653

Other

399

－

1

－

－

－

－

400

Total

3,616

10,774

6,739

4,323

1,384

5,097

1,117

33,054

Ratio (%)

10.9

32.6

20.4

13.1

4.2

15.4

3.4

100.0

Reportablesegments subtotal

Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(Millions of yen)
Name of segment

Japan

Rest of
Asia

China

U.S.

North
America(excl. U.S.)

Europe

Other

Total

Robotic Solutions

2,181

11,058

6,261

3,731

1,057

3,271

695

28,257

Machine Tools

451

117

106

1,417

195

129

2

2,420

2,633

11,175

6,367

5,148

1,252

3,400

698

30,677

Other

371

－

1

－

－

－

－

373

Total

3,005

11,175

6,369

5,148

1,252

3,400

698

31,051

9.7

36.0

20.5

16.6

4.0

11.0

2.2

100.0

Reportablesegments subtotal

Ratio (%)

Fiscal year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(Millions of yen)
Name of segment

Japan

China

Rest of
Asia

U.S.

North
America(excl. U.S.)

Europe

Other

Total

Robotic Solutions

9,459

35,68427,80814,311

4,212

20,671

2,449

114,596

Machine Tools

3,715

1,467

717

2,684

946

717

206

10,455

Reportablesegments subtotal

13,17437,151

28,525

16,996

5,159

21,3882,655

125,052

Other

1,998

8

0

－

－

－

－

2,007

Total

15,17337,16028,526

16,996

5,159

21,3882,655

127,059

11.9

29.2

22.5

13.4

4.1

16.8

2.1

100.0

Ratio (%)

Note: Net sales are based on the locations of customers and classified by country or region.

- 11 -