Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the first quarter ended April 30, 2018. For the quarter, the company reported net sales of ¥1,001 million against ¥951 million a year ago. Operating income was ¥118 million against ¥68 million a year ago. Ordinary income was ¥120 million against ¥74 million a year ago. Income before income taxes was ¥120,484,000 against ¥112,507,000 a year ago. Net income was ¥82 million or ¥13.91 diluted per share against ¥77 million or ¥13.14 diluted per share a year ago.

The company provided earnings guidance for the second quarter of fiscal 2019 and full year ending January 31, 2019. For the quarter, the company expects net sales of ¥2,170 million, operating income of ¥209 million, ordinary income of ¥218 million and net income of ¥151 million or ¥25.65 per share.

For the year, the company expects net sales of ¥4,300 million, operating income of ¥430 million, ordinary income of ¥447 million and net income of ¥309 million or ¥52.56 per share.