Fujitsu (6702.T): Fujitsu Experience Day takeaways: CPU, quantum computing, and AI agents

研报英文原文证据摘录

Fujitsu (6702.T): Fujitsu Experience Day takeaways: CPU, quantum computing, and AI agents

Flash |

14 Jul 2026 10:24:53 ET │ 11 pages

Fujitsu (6702.T)

Fujitsu Experience Day takeaways: CPU, quantum computing, and AI

agents

CITI'S TAKE Buy

Price (14 Jul 26 15:30) ¥3,378.0 We attended the Fujitsu Experience Day demo tour from 10:00 JST on July

Target price ¥4,300.0 14. Exhibits ranged widely from CPUs, quantum computers, and optical

transmission equipment to Uvance and AI agents. Key discoveries include: Expected share price return 27.3%

1) Fujitsu's MONAKA CPU operates with low power consumption, enabling Expected dividend yield 1.6%

operation in conventional data centers. Therefore, we see strong interest Expected total return 28.9%

not only from AI data centers but also from repurposing existing data Market Cap ¥5,860,081M

centers for AI. 2) Quantum computer development is advancing on US$36,313M

schedule toward the end-FY3/27 1,024-qubit target. While

commercialization remains distant, development is moving ahead

smoothly. 3) For AI agents, as anticipated, customer interest remains

strong in business efficiency improvements using small and medium- Masahiro ShibanoAC

sized AI models. Overall, we were particularly impressed by the high level +81-3-6776-4641

of interest in practical AI deployment utilizing existing infrastructure. masahiro.shibano@citi.com

Moriya Koketsu

+81-3-6776-8304

moriya.koketsu@citi.com

• CPU business — MONAKA, the CPU designed by Fujitsu and manufactured

by TSMC, has entered the customer verification phase. Fifteen companies,

primarily from Japan's financial, manufacturing, and telecoms sectors, are

currently conducting verification, with shipments targeted for FY3/27. We

found particularly interesting that one source of inquiries for MONAKA