Fuji Electric Industry Co. Ltd. Announces Earnings Results for the Year Ended January 31, 2018; Provides Earnings Guidance for the Interim Period and Fiscal Year Ending January 31, 2019
March 07, 2018
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Fuji Electric Industry Co. Ltd. announced earnings results for the year ended January 31, 2017. For the year, the company reported net sales of ¥3,769,932,000, operating profit of ¥444,687,000, ordinary profit of ¥467,440,000, income before income taxes of ¥439,885,000, diluted net income per share of ¥41.01 diluted per share, return on equity of 2.4%, net assets per share of ¥1,741.34,000, net cash provided by operating activities of ¥485,664,000, purchase of property, plant and equipment of ¥1,166,039,000, purchase of intangible assets of ¥9,560,000 compared to the net sales of ¥3,899,612,000, operating profit of ¥290,740,000, ordinary profit of ¥311,874,000, income before income taxes of ¥346,720,000, diluted net income per share of ¥50.22 diluted per share, return on equity of 2.9%, net assets per share of ¥1,733.82,000, net cash provided by operating activities of ¥516,451,000, purchase of property, plant and equipment of ¥438,496,000, purchase of intangible assets of ¥5,960,000 for the previous year.
The company provided earnings guidance for the interim period and fiscal year ending January 31, 2019. For the interim period, the company expects net sales of JPY 2,170 million, operating income of JPY 209 million, ordinary income of JPY 218 million and net income of JPY 151 million or JPY 25.65 per share.
For the year, the company expects net sales of JPY 4,300 million, operating income of JPY 430 million, ordinary income of JPY 447 million and net income of JPY 309 million or JPY 52.56 per share.
Fuji Electric Industry Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of control switches, connecting devices, electronic devices, pilot lamps and indicators. The control switches include cam-operated switches, auxiliary switches, railway car use switches, pushbutton switches, conductor switches, drum switches and block type terminal blocks, among others. The connecting devices include terminal blocks, high voltage terminal blocks, disconnecting terminal blocks, capacitor built-in terminal blocks, connectors, connector terminal blocks, test terminals and high current contacts. The pilot lamps and indicators include light emitting diode (LED) indicators, multi-window indicators, electromagnetic indicators, flag drop type fault indicators, and indicator lights for railway vehicles. The electronic devices include annunciator relay products, voltage relay products, interface units, telephone relay products and others.
Fuji Electric Industry Co. Ltd. Announces Earnings Results for the Year Ended January 31, 2018; Provides Earnings Guidance for the Interim Period and Fiscal Year Ending January 31, 2019