FUJI ELECTRIC CO.,LTD.
6504・Prime Market・Electric Appliances
Energy
Core segment providing systems and equipment for electric power and energy infrastructure
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (external customers) | ¥385,260 million | ¥347,717 million | ↑ |
| Operating profit | ¥59,506 million | ¥36,263 million | ↑ |
| Operating profit margin | 15.1% | 10.2% | ↑ |
| Capital expenditures | ¥8,000 million | ¥5,300 million | ↑ |
| R&D expenses | ¥8,600 million | ¥7,900 million | ↑ |
| Number of employees (fiscal year-end) | 6,965 | 6,853 | ↑ |
Business Details
Comprised of four fields: Power Generation Plants (hydroelectric, thermal, geothermal, fuel cell, nuclear-related), Energy Management (substation equipment, energy storage systems, EMS, renewable energy), Facility & Power Supply Systems (UPS, switchboards), and Facility Construction (electrical work, air conditioning equipment construction). Main customers include electric power companies, industry, data centers, and railways, and the segment provides solutions addressing decarbonization, grid stabilization, and energy-saving electrification needs. From FY2026 (ending March 2026), the Facility Construction field was incorporated through segment reorganization, strengthening the plant systems business.
Recent Overview
Sales and profit both reached record-high levels driven by increased demand in Energy Management, facility power supply, and Facility Construction
In FY2026 (ending March 2026), the Energy segment achieved net sales of ¥385,260 million (up 10.8% year-on-year) and operating profit of ¥59,506 million (up 64.1% year-on-year), a substantial profit increase. Main drivers were an increase in large-scale energy storage system and substation equipment projects in the Energy Management field, expanding data center demand in the Facility & Power Supply Systems field, and increased large-scale projects in the Facility Construction field. The rebound from the prior period's increased costs on thermal and geothermal projects also contributed to profit improvement. For FY2027 (ending March 2027), net sales of ¥455,000 million (up 14.8% year-on-year) and operating profit of ¥71,000 million (up 19.3%) are projected.
Key Products
Growth Drivers
- Growth in the renewable energy and grid stabilization markets amid expanding decarbonization and GX (green transformation) investment
- Expanding demand for Facility & Power Supply Systems (UPS, switchboards) due to increased energy demand accompanying new and expanded generative AI and data center construction
- Increase in large-scale projects for substation equipment and energy storage systems for electric power companies and industry
- Strengthened supply capacity through increased production capacity for transformers, switchgear, switchboards, and power supply panels at domestic plants
- Expanded sales in the Power Generation Plants field, including an increase in large-scale hydroelectric power generation equipment projects
- Further strengthening of the systems business by transferring part of the Industry segment's drive control systems to the Facility Construction field from FY2027 (ending March 2027)
Risks
- Risk of profit pressure from increased costs on thermal and geothermal projects in the Power Generation Plants field
- Risk of rising manufacturing costs due to soaring raw material prices such as silver and copper
- Risk of uncertainty in the global economy and fluctuations in capital expenditure demand due to the impact of US trade policy, among other factors
- Uncertainty in total cost estimates for made-to-order production and construction contracts (accounting estimation risk related to progress recognition)
- Risk of delays in production capacity and supply chain response to the rapid expansion of data center demand
- Risk of order fluctuation due to dependence on specific large-scale projects
Last updated: June 19, 2026