Financials Fujikura Ltd.

Equities

5803

JP3811000003

Electrical Components & Equipment

Market Closed - Japan Exchange Other stock markets 06:30:00 09/03/2026 GMT			5-day change	1st Jan Change
22,615.00 ^JPY	-9.90%		-15.51%	+29.67%

03:08am	Nikkei drops 7% as surge in oil prices fans economic slowdown fears	RE
03-06	Japan's Nikkei set for biggest weekly drop in 11 months on Middle East conflict	RE

Projected Income Statement: Fujikura Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	643,736	670,350	806,453	799,760	979,375	1,160,422	1,345,990	1,509,400
Change	-	4.13%	20.3%	-0.83%	22.46%	18.49%	15.99%	12.14%
EBITDA ¹	59,611	70,393	99,275	92,333	156,893	227,261	301,071	360,694
Change	-	18.09%	41.03%	-6.99%	69.92%	44.85%	32.48%	19.8%
EBIT ¹	24,422	38,288	70,163	69,483	135,519	201,082	271,933	328,564
Change	-	56.78%	83.25%	-0.97%	95.04%	48.38%	35.23%	20.83%
Interest Paid ¹	-5,271	-3,306	-3,056	-3,821	-3,213	-2,943	-700	-450
Earnings before Tax (EBT) ¹	1,174	51,675	50,742	64,215	121,400	208,762	278,397	337,873
Change	-	4,301.62%	-1.81%	26.55%	89.05%	71.96%	33.36%	21.36%
Net income ¹	-5,369	39,101	40,891	51,011	91,123	153,417	204,333	248,471
Change	-	828.27%	4.58%	24.75%	78.63%	68.36%	33.19%	21.6%
Announcement Date	14/05/21	12/05/22	12/05/23	13/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	177,461	165,763	162,688	165,405	167,739	174,518	180,906	218,161	213,721	193,665	190,207	201,727	207,057	200,769	218,330	229,209	263,448	268,388	267,908	291,086	295,937	297,535	311,052	339,785	354,121	345,524	354,639	381,647
Change	-	-6.59%	-1.86%	1.67%	1.41%	4.04%	3.66%	20.59%	-2.04%	-9.38%	-1.79%	6.06%	2.64%	-3.04%	8.75%	4.98%	14.94%	1.88%	-0.18%	8.65%	1.67%	0.54%	4.54%	9.24%	4.22%	-2.43%	2.64%	7.62%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,708	47,809	43,168	-	-	64,768	60,671	68,144	74,746	85,440	92,304	86,028	93,923
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46.17%	-9.71%	-	-	0%	-6.33%	12.32%	9.69%	14.31%	8.03%	-6.8%	9.18%
EBIT ¹	8,411	7,105	9,681	8,916	9,351	10,340	11,285	23,967	21,257	12,902	12,572	18,206	20,665	18,040	24,452	30,689	41,133	39,245	41,086	49,085	52,025	57,027	60,670	68,984	74,285	77,575	78,178	86,391
Change	-	-15.53%	36.26%	-7.9%	4.88%	10.58%	9.14%	112.38%	-11.31%	-39.3%	-2.56%	44.81%	13.51%	-12.7%	35.54%	25.51%	34.03%	-4.59%	4.69%	19.47%	5.99%	9.61%	6.39%	13.7%	7.69%	4.43%	0.78%	10.51%
Charge d'intérêts	-2,918	-	-640	-	-999	-	-640	-	-740	-	-874	-	-991	-	-930	-	-412	-	-544	-	-495	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	5,733	-	9,198	-	12,735	-	12,373	-	17,161	-	15,618	-	16,516	-	26,675	18,015	41,104	-	43,676	48,610	61,153	-	60,333	66,912	77,064	85,032	77,317	85,209
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32.46%	128.17%	-	-	11.3%	25.8%	-	-	10.9%	15.17%	10.34%	-9.07%	10.21%
Net income ¹	3,352	-9,467	6,569	10,619	8,989	12,924	8,260	23,530	14,706	-6,185	11,112	14,072	10,613	15,214	19,113	9,621	30,353	32,036	31,318	35,829	44,788	42,985	45,324	51,813	57,153	59,668	58,498	64,469
Change	-	-382.43%	169.39%	61.65%	-15.35%	43.78%	-36.09%	184.87%	-37.5%	-142.06%	279.66%	26.64%	-24.58%	43.35%	25.63%	-49.66%	215.49%	5.54%	-2.24%	14.4%	25%	-4.03%	5.44%	14.32%	10.31%	4.4%	-1.96%	10.21%
Announcement Date	08/02/21	14/05/21	05/08/21	08/11/21	09/02/22	12/05/22	05/08/22	09/11/22	09/02/23	12/05/23	10/08/23	08/11/23	08/02/24	13/05/24	08/08/24	07/11/24	10/02/25	13/05/25	07/08/25	07/11/25	09/02/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2026 S1	2026 S2
Net sales ¹	328,093	342,257	399,067	407,386	391,934	407,826	447,539	558,994	596,000
Change	-	4.32%	16.6%	2.08%	-3.79%	4.05%	9.74%	24.9%	6.62%
EBITDA	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EBIT ¹	18,597	19,691	35,252	34,159	30,778	38,705	55,141	90,171	109,800
Change	-	5.88%	79.03%	-3.1%	-9.9%	25.76%	42.46%	63.53%	21.77%
Charge d'intérêts	-1,269	-	-1,350	-	-1,921	-	-2,073	-1,128	-
Earnings before Tax (EBT)	21,761	-	41,036	-	33,588	-	44,690	92,286	-
Change	-	-	-	-	-	-	-	106.5%	-
Net income	17,188	-	31,790	-	25,184	-	28,734	67,147	-
Change	-	-	-	-	-	-	-	133.68%	-
Announcement Date	08/11/21	12/05/22	09/11/22	12/05/23	08/11/23	13/05/24	07/11/24	07/11/25	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Fujikura Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	142,189	120,450	101,172	44,441	29,806	-107,188	-148,764	-246,438
Change	-	-15.29%	-16%	-56.07%	-32.93%	-459.62%	-38.79%	-65.66%
Announcement Date	14/05/21	12/05/22	12/05/23	13/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Fujikura Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	17,736	16,214	15,720	20,820	30,673	43,376	54,325	58,570
Change	-	-8.58%	-3.05%	32.44%	47.32%	41.41%	25.24%	7.81%
Free Cash Flow (FCF) ¹	44,851	48,228	48,407	72,954	94,996	84,961	130,199	175,240
Change	-	7.53%	0.37%	50.71%	30.21%	-10.56%	53.25%	34.59%
Announcement Date	14/05/21	12/05/22	12/05/23	13/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Fujikura Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	9.26%	10.5%	12.31%	11.55%	16.02%	19.58%	22.37%	23.9%
EBIT Margin (%)	3.79%	5.71%	8.7%	8.69%	13.84%	17.33%	20.2%	21.77%
EBT Margin (%)	0.18%	7.71%	6.29%	8.03%	12.4%	17.99%	20.68%	22.38%
Net margin (%)	-0.83%	5.83%	5.07%	6.38%	9.3%	13.22%	15.18%	16.46%
FCF margin (%)	6.97%	7.19%	6%	9.12%	9.7%	7.32%	9.67%	11.61%
FCF / Net Income (%)	-835.37%	123.34%	118.38%	143.02%	104.25%	55.38%	63.72%	70.53%
Profitability
ROA	3.21%	5.77%	10.59%	10.1%	17.66%	18.62%	19.8%	20.7%
ROE	-3.4%	20.4%	16.7%	16.7%	24.4%	31.76%	35.21%	34.97%
Financial Health
Leverage (Debt/EBITDA)	2.39x	1.71x	1.02x	0.48x	0.19x	-	-	-
Debt / Free cash flow	3.17x	2.5x	2.09x	0.61x	0.31x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.76%	2.42%	1.95%	2.6%	3.13%	3.74%	4.04%	3.88%
CAPEX / EBITDA (%)	29.75%	23.03%	15.83%	22.55%	19.55%	19.09%	18.04%	16.24%
CAPEX / FCF (%)	39.54%	33.62%	32.47%	28.54%	32.29%	51.05%	41.73%	33.42%
Items per share
Cash flow per share ¹	102.5	252.6	253.8	267.8	407.8	656	767.3	973.5
Change	-	146.38%	0.51%	5.5%	52.27%	60.87%	16.97%	26.87%
Dividend per Share ¹	-	10	30	55	100	206.4	286.4	352
Change	-	-	200%	83.33%	81.82%	106.36%	38.77%	22.92%
Book Value Per Share ¹	591.2	799.8	980.9	1,237	1,477	1,894	2,330	2,862
Change	-	35.27%	22.65%	26.08%	19.42%	28.27%	22.97%	22.86%
EPS ¹	-19.5	141.8	148.3	185	330.3	556.1	744.3	910.5
Change	-	827.44%	4.53%	24.75%	78.59%	68.35%	33.84%	22.33%
Nbr of stocks (in thousands)	275,403	275,699	275,911	275,801	275,900	275,900	275,900	275,900
Announcement Date	14/05/21	12/05/22	12/05/23	13/05/24	13/05/25	-	-	-