First Quarter for Fiscal Year Ending March 2025
Financial Results Explanatory Materials
August 2024

| Premier Market of the Nagoya Stock Exchange, Prime Market of the Tokyo Stock Exchange, Securities Code: 6134

This material and all of its content is copyright of FUJI CORPORATION. All rights reserved.
Any redistribution or reproduction of part or all of this content without the expressed permission of FUJI CORPORATION is strictly prohibited.

Contents
01 | Financial Summary
02 | Financial Forecast for FY2025
03 | Topics
04 | Appendix

Copyright © 2024 by FUJI CORPORATION. All rights reserved.

201 | Financial Summary

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3

Q1FY2025 Results
 Business confidence is still flat and demand has not fully recovered, resulting in lower sales and profits(Millions of yen)

Q1FY2024
results

Compared to the same period last year

Q1FY2025
results

AmountRatio

Orders27,63024,777-2,852-10.3%Net sales

33,05431,051-2,002-6.1%

Operating profit

4,105

3,218-887-21.6%

Ordinary profit

5,023

3,943-1,080-21.5%

Profit attributable to owners of parent

3,3962,639-756-22.3%

Orders

Net sales

142,429
27,800Q4
116,209Q3

26,906

31,18745,31028,95442,411

27,63024,777

FY2024FY2025

FY2023

Q228,437

Copyright © 2024 by FUJI CORPORATION. All rights reserved.

Q1

153,326
37,86536,791
39,436

127,059
31,391
33,11029,50339,23333,05431,051

FY2023

FY2024FY2025

4

Operating Income Increase/Decrease Analysis■ Profit decreased 887 million yen, mainly due to lower sales volume
Decrease in gross profit -1,011

Net sales
33,054
Copyright © 2024 by FUJI CORPORATION. All rights reserved.

SG&A expenses
increase/decrease +124

(Millions of yen)

Net sales
31,051
5

Balance Sheet Summary■ Total assets increased by 6,114 million yen due to cash and construction in progress■ Total liabilities increased by 5,994 million yen due to notes payable - facilities and accrued expenses(Millions of yen)
As of March 31,2024

As of June 30,2024

Comparison

Increase/decrease factors

Current assets

161,436

165,063+3,627

Cash and deposits +7,174
Consumption taxes refund receivable -3,558

Non-current assets

89,501

91,988+2,486

Construction in progress +3,032
Investment securities ｰ602

Total assets

250,937

257,051+6,114Current Liabilities

18,40625,198+6,791

Non-current liabilities

4,252

3,455-796

Total liabilities

22,65928,653+5,994

Net assets

228,278

228,398+119

Total liabilities and net assets

250,937

257,051+6,114

Copyright © 2024 by FUJI CORPORATION. All rights reserved.

Notes payable – facilities +2,977
Accrued expenses +1,000
Advances received +1,848
Deferred tax liabilities -785

6Robotic Solutions Division Results
 Sales and profits declined as global electronics demand remained weak
(Millions of yen)

Q1FY2024
results

Compared to the same period last year

Q1FY2025
results

AmountRatio

Orders25,52821,976-3,552-13.9%Net sales

30,47428,257-2,216-7.3％

Operating profit

5,320

3,986

-1,334-25.1%

Order backlogs

40,182

28,255-11,926-29.7%

Orders

Net sales

127,708
24,967

Q4

104,005

22,997

28,10441,55826,09338,185
FY2023

Q3Q2

24,27825,52821,976FY2024FY2025

Copyright © 2024 by FUJI CORPORATION. All rights reserved.

Q1

139,879
34,45833,91235,334

114,596
28,07330,006
26,041

36,17430,47428,257

FY2023

FY2024FY20257

Robotic Solutions Division Net Sales by Region■ China: Maintained demand in telecommunications and automotive related markets■ Europe: Lull in capital investment(Millions of yen)Other

30,474
3%
17%
4%
12%
22%

30,0062%

26,041
1%

20%

19%
4%
11%

4%

26%
34%

31%

28,073
2%

17%

14%

2%
13%

22%

27%

28%

32%

28,257
2%
12%
4%
13%
22%

39%

8%

8%

10%

7%8%

Q1

Q2

Q3

Q4

Q1

FY2024

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EuropeNorth America (excl. U.S.)
U.S.
Rest of Asia
China
Japan

FY20258

Robotic Solutions Division Net Sales by Sector■ Telecommunications: Demand for Chinese smartphones led to growth in capital investment■ Industrial machines: Slowdown in capital investment, especially in Europe(Millions of yen)Other

30,47424%

2%30,006
26,041

6%
8%

14%

16%

9%

4%
11%
7%
22%
Q1

28,07328,257

21%

18%

10%

7%
11%

26%

15%

7%
6%

28%
3%14%
2%
5%
10%
Q2

10%

27%

20%

4%
7%
2%
7%

4%
10%

1%

8%

14%

16%

Q3

Q4

FY2024

Semiconductor (FFT*)

20%
10%
4%
2% 6%
22%

Semiconductor (FUJI)
Automotive
Consumer electronics
Industrial machines
ServerComputer
Telecommunications

Q1
FY2025*FFT: Fasford Technology

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9

Robotic Solutions Division Net Sales by Machine Type(Millions of yen)Parts, modifying, repairing

30,474
22%
19%
9%
3%

30,006
26,041

23%

24%
22%
29%

5%
11%

6%
7%
47%
34%
Q1

Q228,07328,257

24%

22%

24%
4%
11%

39%

37%

Q3Q4

FY2024

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19%
4%
11%

44%

Other products

General purpose mounters:
AIMEX series
High-speed mounters: NXTR

High-speed mounters: NXT

Q1
FY202510

Machine Tools Division Results
 Sales and profit increased due to temporary capital investment in the automobile market in North America(Millions of yen)

Q1FY2024
results

Compared to the same period last year

Q1FY2025
results

AmountRatio

Orders

1,765

2,429+664+37.6%

Net sales

2,179

2,420+240+11.0%

Operating profit

ｰ246

34+280‐Order backlogs

6,765

7,028+262+3.9%

Net sales

Orders
11,796
2,357
3,172
2,779
3,487
FY2023

10,294

Q4

2,463

Q3

2,345
Q2

3,720
1,765

2,429

FY2024FY2025

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Q1

10,261

10,455

2,862

2,664

2,074

2,582

3,109

3,030

2,215

2,179

2,420

FY2023

FY2024FY202511

Machine Tools Division Net Sales by Region
 Significant growth in demand in the U.S. automobile market, particularly for undercarriage components(Millions of yen)
Other

3,030
0%
16%

2,582

2,179
3% 1%
32%

8%

5%

21%

32%

9%
8%

1%
16%

15%

39%

31%

Q1

Q26%

11%
4%
41%

Q3
FY2024

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1%

2,664
5%

2%
33%

Europe
0%

2,420
8%

7%

5% 0%

North America (excl. U.S.)
U.S.

59%

Rest of Asia

20%

33%
Q44%

China
5%
19%

Japan

Q1
FY202512

02 | Financial Forecast for FY2025

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13

Results Forecasts■Profits increased due to the easing of the impact of the high cost of parts and materials for some models(Millions of yen)
Forecast for FY2025
FY2024
results

Forecast released
May 10, 2024

Current
forecast

Compared to thesame period last year
AmountCompared to previously
released forecast

Ratio

AmountOrders116,209

135,000

125,000+8,790+7.6％-10,000

Net sales

127,059

133,000

133,000+5,940+4.7％±0Operating profit

13,421

13,50014,800+1,378+10.3％+1,300Operating profit ratio

10.6%

10.2%

11.1%

－－－

Ordinary profit

15,01014,200

16,100+1,089+7.3％+1,900

Profit attributable to ownersof parent

10,43811,00012,400+1,961+18.8％+1,400Capital expenditures

14,291

17,80017,800+3,508+24.5％±0

Depreciation

8,433

8,900

8,700

+266

+3.2％

-200

R&D expenses

8,228

8,500

8,500

+271

+3.3%±0

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14

Forecast of Orders and Net Sales by Segment(Millions of yen)
Forecast for FY2025
FY2024
results

Forecast released
May 10, 2024

Current
forecast

AmountRoboticSolutions

Machine
Tools

Others

Total

Compared topreviously released
forecast

Compared to thesame period last year
Ratio

AmountOrders104,005

122,500

112,500+8,494+8.2％-10,000

Net sales

114,596

120,500

120,500+5,903+5.2％±0Order backlogs

34,53636,536

26,536-8,000-23.2％-10,000

Orders

10,294

10,50010,500

+205

+2.0％

±0

Net sales

10,455

10,50010,500+44+0.4％±0Order backlogs

7,018

7,018

7,018

±0-±0

Orders

1,909

2,000

2,000

+90+4.7％±0

Net sales

2,007

2,000

2,000

-7-0.4％±0

Order backlogs

290

290

290

±0-±0Orders

116,209

135,000

125,000+8,790+7.6％-10,000

Net sales

127,059

133,000

133,000+5,940+4.7％±0Order backlogs

41,84543,84533,845-8,000-19.1％-10,000

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15

Dividends■ No change in dividends based on our policy;
Dividend payout ratio of 50% or more and minimum annual dividend of 80 yen
Interim dividends per share (Yen)

Year-end dividends per share (Yen)Dividend payout ratio
72.3%

27.1%

30.5%

27.1%

31.9%

5050253030252020FY2019

FY2020

FY202137.7%80808040404035404040

FY2022

FY2023

FY2024FY2025F

705059.6%

35

Regular dividend: 40.00
Commemorative dividend: 10.00

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16

03 | Topics

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17

Share Repurchase Program■The Company’s Board of Directors resolved on August 2, 2024 to repurchase its stock.
Trends in shareholder return indicators
1. Total number of shares to be repurchased: 6,000,000 shares (maximum)

200 .0 %2. Total amount of repurchase price: JPY 10,000,000,000 (maximum)
3. Repurchase period: From August 5, 2024 to August 4, 2025

Total amount of share repurchase (millions of yen)

140.3%

Total dividend payment (millions of yen)

4. Repurchase method: Purchase through auction market on Tokyo Stock Exchange

17,056

Reference: Treasury stock as of Jun 30, 2024
Total number of shares issued (excluding treasury stock): 92,390,694 shares

15,00 05,433,054 shares

150 .0 %Total return ratio

20,00 0

Number of treasury stock:163.4%

25,00 027.1%

30.5%

27.1%

31.9%

17,40037.7%

100 .0 %

50.0%

9,428

10,00010,00 0

0.0%

5,000

4,111

4,111

4,567

FY2019FY2020

FY2021

6,269

7,234

7,628

7,400

FY2023

FY2024FY2025F-100.0%

0Copyright © 2024 by FUJI CORPORATION. All rights reserved.

-50.0%FY202218

04 | Appendix

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19

Company Profile
Company name
Established

FUJI CORPORATION(Former company name: Fuji Machine Manufacturing Co., Ltd.)

April 1959

Headquarters

19 Chausuyama, Yamamachi, Chiryu, Aichi 472-8686 Japan

Representative

Joji Isozumi, President and CEO

Capital5,878 million yen (as of March 2024)

Sales

Consolidated 127,059 million yen (FY2024)

Employees

Consolidated 2,911 (as of March 2024)

Major productsElectronic assembly equipment (SMT pick and place machines),machine tools, semiconductor manufacturing machines

Listed stock
markets

Premier Market of the Nagoya Stock Exchange
Prime Market of the Tokyo Stock Exchange(Securities Code: 6134)

Copyright © 2024 by FUJI CORPORATION. All rights reserved.

20

Worldwide Operations

FUJI EUROPE

Kunshan Fuji Machine Mfg. Co., Ltd.

CORPORATION GmbHFuji America Corporation

Fuji Machine China Co, Ltd.

Fuji Machine America Corporation

FUJI INDIA CORPORATION

Fuji Do Brasil Máquinas

PRIVATE LIMITED

Industriais Ltda.

Headquarters

Toyota Plant
Okazaki Plant

Osaka Branch OfficeSendai Sales Office
Fasford Technology Co., Ltd.

FUJI MACHINE ASIA PTE. LTD.

Tokyo Branch Office
EDEC LINSEY SYSTEM Co., Ltd.
ADTEK FUJI Co., Ltd.
FUJI LINEAR CORPORATION

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21

Business Overview
Robotic solutions accounts for 90% of sales
Robotic Solutions Division
Machine Tools10,455 million yen
8%Others

SMT pick and placemachines(Mounters)

2,007 million yen
2%

Semiconductor
manufacturingmachines(Die bonders)

Net sales

DB series

DD100 series

Mobility support robot

Public stocker system

127,059 million yen(FY2024)

Lifestyle support

Machine Tools Division
Robotic Solutions

114,596 million yen
90%

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Machine tools(Lathe)

Front-facing twin spindle lathe

Opposing twin spindle lathe

22What are SMT pick and place machines (mounters)?
■ SMT stands for Surface Mount Technology･･･This is the technology of accurately arranging electroniccomponents on printed circuit boards.
■ Mounters are machines that place electronic components (onthe surface of printed circuit boards).
■ They can accurately place electronic components down to0.25 x 0.125 mm at high speeds.
■ Fuji mounters can place up to 16 micro-sized electroniccomponents in one second.

Placement accuracy: Typically ±15um
Gaps between components:
X = 0.13 mm
Y = 0.08 mm

Chip-type electronic components

Mounter NXT III

120,000

NXT series modules
shipped to date

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Printed circuit boards(before placement)

Printed circuit boards(after placement)

Electronic component size comparison

23

Fuji's Involvement in Electronics Manufacturing
Material
formation
Component
processing

Manufacturers of:・Panels
・Component electronics
・Solder paste

SMT process

Printer

Customers
Manufactureof PCB・EMS*・Tier 1 and Tier 2
automotive suppliers etc.

Product
assembly

・Various
manufacturers

Inspection
machine (SPI)

Mounters

Printed circuit boards Print solder paste(PCBs)

Inspection
machine (AOI)

Place electroniccomponentsReflow oven

Heat in reflow oven

PCB manufacturing
completedFinalproducts*EMS: An abbreviation for Electronics Manufacturing Service, referring to companies or services that contract to manufacture products for other companies.
Copyright © 2024 by FUJI CORPORATION. All rights reserved.

24

Fuji’s Strengths■ Technical strengths- Complete in-house manufacturing and development of coretechnologies such as motors, servos, and vision processing■ World’s top class market share- Customers across various industries and sectors

加速度FFﾌｨﾙﾀ

FAs2

Telecommunications
16%

速度FFﾌｨﾙﾀ

FVsr

位置FFﾌｨﾙﾀ

位置P制御
K PPFPs

速度PI制御K PV +K IVs

ﾄﾙｸﾌｨﾙﾀ

GPFT1
Js 2

Other22%y

微分器

Vision processing

Servo control

FY2024
Mounter Market309 billion yen

Robotic Solutions Division

Net Sales by Sector

Semiconductor
17%

114,596 million yen(FY2024)

Linear motor

Structural design
Wirelesscharging

Automotive
22%

Multiplexcommunication■ Unrivaled product development, proven by our modular concept- Patent registrations in Japan and Internationally: 7,000+ (FY2024)- Awards

2014 The 6th Robot Awards organized by Japan‘s Ministry of Economy, Trade and Industry (METI)
2016 The 2016 National Invention Award, presented by the Japanese Minister of education,Culture, Sports, Science and Technology
2018 An Ichimura Prize in Industry for Excellent Achievement

Computer
7%

Server2%

Industrial machines
10%
Consumer electronics
4%■ Worldwide sales and service network- Supporting production by staying close with customers
Otherin each region
Sales records
2.1%

60+

Japan
11.9%

Europe16.8%
North America(excl. U.S.)
4.1%
U.S.
13.4%

countries

Net Sales by Region

127,059 million yen(FY2024)

China
29.2%

Rest of Asia
22.5%

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25

Important Note about This Document
When we were preparing this material, we were careful to ensure accuracy, but we do not guarantee completeness. We accept no liability
whatsoever for problems or damages that may arise as a result of the information in this document.
Performance forecasts and future predictions in this document are the results of estimates based on the information available at the time of thepreparation of this document, and therefore include an element of risk and uncertainty. As a result, due to various factors such as changes in thebusiness environment, actual results may differ significantly from the forecasts, outlook, and forward-looking statements mentioned or described.

Investor Relations inquiries
FUJI CORPORATION / Investor relations teamE-mail ： irsr@fuji.co.jp
Website ： https://www.fuji.co.jp/en/ir/Copyright © 2024 by FUJI CORPORATION. All rights reserved.

26

This material and all of its content is copyright of FUJI CORPORATION. All rights reserved.
Any redistribution or reproduction of part or all of this content without the expressed permission of FUJI CORPORATION is strictly prohibited.