Fuji Electric Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
January 25, 2017
Share
Fuji Electric Co., Ltd. announced consolidated earnings results for the third quarter ended December 31, 2016. For the quarter, the company reported net sales were ¥555,284 million against ¥536,071 million a year ago. Operating income was ¥10,716 million against ¥11,487 million a year ago. Ordinary income was ¥11,044 million against ¥12,505 million a year ago. Net income was ¥4,920 million against ¥8,212 million a year ago. Net income per share was ¥6.89 against ¥11.50 a year ago. Income before income taxes was ¥10,871 million against ¥13,444 million a year ago. Interest-bearing debt as of December 31, 2016, amounted to ¥211.3 billion.
For the fiscal year ending March 31, 2017, the consolidated company now expected net sales of ¥820,000 million, operating income of ¥45,000 million, ordinary income of ¥43,000 million, profit attributable to owners of parent of ¥27,000 or ¥37.80 per share compared to net sales of ¥820,000 million, operating income of ¥45,000 million, ordinary income of ¥43,000 million, profit attributable to owners of parent of ¥27,000 in its previous forecasts.
Fuji Electric Co specializes in manufacturing and marketing electric and electronic components. Net sales break down by family of products as follows:
- electric equipments and systems (38.7%): generators, meters, electricity transmission and control systems, etc. for individuals and thermal and hydraulic industries;
- electronic equipments and components (33.8%): magnetic contactors, magnetic contactors, uninterruptible power supply systems, power control systems, semiconductors, magnetic disks, energy distribution systems, etc.;
- vending machines (12.4%): hot and cold beverages, snacks, money distributors, etc.;
- industrial electric equipments (11.7%): primarily installation control systems, measurement instruments, power supply systems and captors;
- other (3.4%).
Fuji Electric Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017