Fuji Electric Industry Co. Ltd. Announces Earnings Results for the Year Ended January 31, 2017 Provides Earnings Guidance for the Interim Period and Fiscal Year Ending January 31, 2018; Announces Year-End Dividend for the Fiscal Year 2017; Provides Dividend Guidance for the Interim Period and Year-End for the Fiscal Year of 2018
March 06, 2017
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Fuji Electric Industry Co. Ltd. announced earnings results for the year ended January 31, 2017. For the year, the company reported net sales of JPY 3,769,932,000 compared to JPY 4,001,989,000 a year ago. Operating income was JPY 444,687,000 compared to JPY 605,276,000 a year ago. Ordinary income was JPY 467,440,000 compared to JPY 630,537,000 a year ago. Income before income taxes was JPY 439,885,000 compared to JPY 605,595,000 a year ago. Net income was JPY 304,108,000 or JPY 50.37 per diluted share compared to JPY 399,124,000 or JPY 63.26 per diluted share a year ago. Net cash provided by operating activities was JPY 485,664,000 compared to JPY 617,330,000 a year ago. Purchase of property, plant and equipment was JPY 1,166,039,000 compared to JPY 195,187,000 a year ago. Purchase of intangible assets was JPY 9,560,000 compared to JPY 12,607,000 a year ago. Return on equity was 2.9% compared to 3.8% a year ago.
The company provided earnings guidance for the interim period and fiscal year ending January 31, 2018. For the interim period, the company expects net sales of JPY 2,000 million, operating income of JPY 101 million, ordinary income of JPY 113 million and net income of JPY 75 million or JPY 12.80 per share.
For the year, the company expects net sales of JPY 4,200 million, operating income of JPY 280 million, ordinary income of JPY 297 million and net income of JPY 201 million or JPY 34.16 per share.
For fiscal year 2017, the company announced year end dividend of JPY 16.00 per share compared to JPY 17 per share a year ago.
The company provided dividend guidance for the interim period and fiscal year of 2018. For interim period of fiscal year 2017, the company provided interim dividend guidance of JPY 16.00 per share compared to JPY 16.00 per share a year ago.
For fiscal year 2017, the company provided year end dividend guidance of JPY 16.00 per share compared to JPY 16.00 per share a year ago.
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 Earnings Results for the Year Ended January 31, 2017 Provides Earnings Guidance for the Interim Period and Fiscal Year Ending January 31, 2018; Announces Year-End Dividend for the Fiscal Year 2017; Provides Dividend Guidance for the Interim Period and Year-End for the Fiscal Year of 2018
FUJI ELECTRIC INDUSTRY CO., LTD. 
