Fuji Electric Industry Co. Ltd. Announces Non-Consolidated Earnings Results for the Six Months Ended July 31, 2017; Provides Earnings Guidance for the Year Ending January 31, 2018; Announces Dividend for Second Quarter of Fiscal Year 2018; Provides Year End Dividend Outlook for Fiscal Year 2018
September 03, 2017
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Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the six months ended July 31, 2017. For the period, the company reported net sales of ¥1,896 million against ¥1,890 million a year ago. Operating income was ¥121 million against ¥206 million a year ago. Ordinary income was ¥133 million against ¥217 million a year ago. Net income was ¥115 million or ¥19.58 diluted per share against ¥145 million or ¥23.52 diluted per share a year ago. Income before income taxes was ¥168,307,000 against ¥217,726,000 million a year ago. Net cash used in operating activities was ¥335,410,000 against ¥177,341,000 a year ago. Purchase of tangible assets was ¥342,277,000 against ¥241,138,000 a year ago. Purchase of intangible assets was ¥6,005,000 against ¥460,000 a year ago.
The company provided earnings guidance for the year ending January 31, 2018. 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.
For the second quarter of fiscal year 2018, the company announced dividend of ¥16.00 per share.
The company expects year end dividend of ¥16.00 per share for fiscal year 2018.
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 Six Months Ended July 31, 2017; Provides Earnings Guidance for the Year Ending January 31, 2018; Announces Dividend for Second Quarter of Fiscal Year 2018; Provides Year End Dividend Outlook for Fiscal Year 2018