Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the first quarter ended April 30, 2016. For the quarter, the company reported net sales of ¥905,882,000 against ¥949,507,000 a year ago. Operating income was ¥64,582,000 against ¥115,026,000 a year ago. Ordinary income was ¥69,794,000 against ¥123,098,000 a year ago. Income before income taxes was ¥69,701,000 against ¥123,098,000 a year ago. Net income was ¥45,601,000 or ¥7.23 diluted per share against ¥76,228,000 or ¥12.08 diluted per share a year ago.

The company provided earnings guidance for the second quarter of fiscal 2017 and full year ending January 31, 2017. For the quarter, net sales of ¥2,270 million, operating income of ¥324 million, ordinary income of ¥338 million and net income of ¥226 million or ¥36.02 per share.

For the quarter, net sales of ¥4,500 million, operating income of ¥617 million, ordinary income of ¥638 million and net income of ¥406 million or ¥64.58 per share.