Investor RelationsInvestor Relations

Forecasts

(As of May 21, 2020 )
In the electronics market to which the Group belongs, we continue to predict that demand for electronic components will increase in the medium to long term due to increasingly high performance of smartphones with the full introduction of 5G (fifth-generation mobile communications system), the expansion of the data center market, and the expansion of new businesses melding IoT (Internet of Things) with AI (artificial intelligence) in the information and communications field, as well as progress with electronic components and cyber technology in cars, as with CASE (Connected, Autonomous, Shared & Services, Electric) in the automotive field.
That said, at present, the decline in demand and restrictions on economic activity due to the global spread of COVID-19 are having an impact, and we still cannot predict when the virus will stop spreading, restrictions will be lifted, and demand will recover after the pandemic subsides.
At this point, it is difficult to logically estimate the effects of COVID-19, and thus we have not formulated our forecasts for consolidated earnings in the fiscal year ending in March 2021. We will promptly release these forecasts when logical forecasts are possible.
The Company formulated “Medium Term Management Plan 2021” (announced on November 6, 2018), a three-year plan which sets forth its growth strategy, running from the fiscal year ending March 31, 2020 to the fiscal year ending March 31, 2022, and will strive to form “Japan’s No. 1 corporate group in the industry” and, furthermore, to become a competitive “World Class Company”. Group-wide efforts will be made in implementing the various initiatives of the basic policy, which comprises “enhancement of revenue base” focusing on markets that are expected to see high growth and profitability in the future, “stabilization of management base” through improvement of efficiency and financial soundness after conversion of Fujitsu Electronics to a subsidiary, and “creation of new business” in order to strengthen resistance to changes in the external environment.


(Reference) Medium-term Management Plan 2021 Numerical Targets
Relevant Fiscal Year
Net Sales
Ordinary income
ROE
Fiscal year ending
March 2022
500.0 billion yen
13.0 billion yen
8.0% or higher