Fuji Electric Industry Co. Ltd. Announces Non-Consolidated Earnings Results for the First Quarter Ended April 30, 2017; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2018
June 31, 2017
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Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the first quarter ended April 30, 2017. For the quarter, the company reported net sales of ¥951,758,000 against ¥905,882,000 a year ago. Operating income was ¥68,070,000 against ¥64,582,000 a year ago. Ordinary income was ¥74,129,000 against ¥69,794,000 a year ago. Income before income taxes was ¥112,507,000 against ¥69,701,000 a year ago. Net income was ¥77,805,000 or ¥13.14 diluted per share against ¥45,601,000 or ¥7.23 diluted per share a year ago. Net assets per share were ¥1,724.98.
The company provided earnings guidance for the second quarter of fiscal 2018 and full year ending January 31, 2018. For the quarter, the company expects net sales of ¥2,000 million, operating income of ¥101 million, ordinary income of ¥113 million and net income of ¥75 million or ¥12.80 per share.
For the year, the company expects net sales of ¥4,200 million, operating income of ¥280 million, ordinary income of ¥297 million and net income of ¥201 million or ¥34.16 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 Non-Consolidated Earnings Results for the First Quarter Ended April 30, 2017; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2018