FUSO DENTSU CO., LTD.
7505・Standard Market・Wholesale Trade
FUSO DENTSU CO., LTD. (Single Segment)
A single-business company providing integrated ICT equipment installation, sales, SI, and support services
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (first-half cumulative) | ¥35,264 million | – (no year-on-year comparison for prior first half) | — |
| Operating income (first-half cumulative) | ¥3,370 million | – (no year-on-year comparison for prior first half) | — |
| Ordinary income (first-half cumulative) | ¥3,496 million | – (no year-on-year comparison for prior first half) | — |
| Net income attributable to owners of the parent (first half) | ¥2,387 million | – (no year-on-year comparison for prior first half) | — |
| Operating margin (first half) | 9.6% | – | — |
| Orders received (first-half cumulative) | ¥26,856 million | – (no year-on-year comparison for prior first half) | — |
| Full-year revenue forecast | ¥59,300 million | ¥54,684 million (prior-year non-consolidated actual) | ↑ |
| Full-year operating income forecast | ¥3,580 million | ¥3,428 million (prior-year non-consolidated actual) | ↑ |
| Total assets | ¥42,808 million | – | — |
| Equity ratio | 41.7% | – | — |
| Net income per share (first half) | ¥204.84 | – | — |
Business Details
FUSO DENTSU provides an integrated range of services spanning the installation of information and communication equipment, sales of office equipment, systems consulting and software development, and operation/maintenance support. The business is organized into four divisions—Network, Solutions, Office, and Service—with government agencies, municipalities, manufacturing, distribution, finance, and life/non-life insurance/healthcare as its six core customer industries. In December 2025, the company made System Make Co., Ltd. a consolidated subsidiary, and from the first half of FY2026 (ending March 2026) [note: reporting period is the fiscal year ending September 2026] it transitioned to preparing consolidated financial statements.
Recent Overview
In the first half of the first year of consolidation, the company posted revenue of ¥35,264 million and operating income of ¥3,370 million, and also issued its first full-year forecast
Effective December 22, 2025, the company made System Make Co., Ltd. a consolidated subsidiary, and prepared consolidated financial statements for the first time from the first half of the fiscal year ending September 2026. First-half revenue of ¥35,264 million was driven by large-scale healthcare business projects, disaster prevention/mitigation business for municipalities, and sales of security PCs for the electric power industry. On the other hand, orders received totaled only ¥26,856 million due to a decline in private-sector information terminal replacement projects. Operating cash flow was negative ¥1,908 million due to an increase in trade receivables (¥7,140 million). The full-year consolidated earnings forecast (revenue of ¥59,300 million, operating income of ¥3,580 million) was disclosed for the first time on the same day as the financial results announcement. The annual dividend forecast was revised to ¥89.00 (after stock split).
Key Products
Growth Drivers
- Continued large-scale projects in the healthcare business (renewal of medical information systems such as electronic medical records and medical accounting systems)
- Strong performance in disaster prevention/mitigation business and system standardization projects for municipalities
- Expansion of sales of security-enhanced personal computers and software for the electric power industry
- Realization of group synergies and expansion of business areas through the consolidation of System Make Co., Ltd. as a subsidiary
- Expansion of the DX solutions series "ArmZ X," leveraging AI, cloud, and next-generation communications
- Strengthening of industry-specialized consulting and proposal capabilities centered on six industries: government agencies, manufacturing, distribution, finance, and life/non-life insurance
- Expansion of technological capabilities, human resources, and business areas through alliances with partner companies and strategic M&A
- Improvement of productivity and reform of DX talent development and HR systems through the use of J-ESOP
Risks
- Because this is the first year of consolidation, year-on-year comparison is not possible, making objective evaluation of performance levels difficult
- First-half orders received of ¥26,856 million fell significantly short of revenue of ¥35,264 million, making the accumulation of orders in the second half a precondition for achieving the full-year forecast
- Uncertainty regarding second-half revenue and profit levels due to seasonal fluctuation characteristics in which revenue is concentrated in the second quarter (reflecting the concentration of customers' fiscal year-ends in March)
- Operating cash flow was negative ¥1,908 million, presenting a risk of delayed collection of trade receivables
- Potential impact on the Office and Network Divisions if the declining trend in private-sector information terminal replacement projects continues
- Possibility of suppressed ICT capital investment due to trends in U.S. trade and security policy and geopolitical risks
- Risk of impairment of goodwill (¥426 million) associated with the consolidation of System Make Co., Ltd., as well as PMI costs
- Impact on the supply chain and prices due to a slowdown in economic recovery stemming from factors such as the situation in the Middle East
Last updated: December 17, 2025