Fuji Electric Industry Co. Ltd. Announces Non-Consolidated Earnings Results for the Second Quarter Ended July 31, 2016; Provides Earnings Guidance for the Year Ending January 31, 2017
September 03, 2016 at 03:31 am EDT
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Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the second quarter ended July 31, 2016. For the period, the company reported net sales of ¥1,890 million against ¥1,939 million a year ago. Operating income was ¥206 million against ¥284 million a year ago. Ordinary income was ¥217 million against ¥301 million a year ago. Income before income taxes was ¥217,726,000 against ¥301,186,000 million a year ago. Net income was ¥145 million or ¥23.52 diluted per share against ¥192 million or ¥30.46 diluted per share a year ago. Net cash used in operating activities was ¥177,341,000 against ¥368,958,000 a year ago. Purchase of tangible assets was ¥241,138,000 against ¥113,215,000 a year ago. Purchase of intangible assets was ¥460,000 against ¥9,757,000 a year ago.
The company provided earnings guidance for the year ending January 31, 2017. For the year, the company expects net sales of ¥4,050 million, operating income of ¥430 million, ordinary income of ¥450 million and net income of ¥277 million or ¥45.78 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 Second Quarter Ended July 31, 2016; Provides Earnings Guidance for the Year Ending January 31, 2017