Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the first quarter ended April 30, 2017. For the quarter, the company reported net sales of ¥951,758,000 against ¥905,882,000 a year ago. Operating income was ¥68,070,000 against ¥64,582,000 a year ago. Ordinary income was ¥74,129,000 against ¥69,794,000 a year ago. Income before income taxes was ¥112,507,000 against ¥69,701,000 a year ago. Net income was ¥77,805,000 or ¥13.14 diluted per share against ¥45,601,000 or ¥7.23 diluted per share a year ago. Net assets per share were ¥1,724.98.

The company provided earnings guidance for the second quarter of fiscal 2018 and full year ending January 31, 2018. For the quarter, the company expects net sales of ¥2,000 million, operating income of ¥101 million, ordinary income of ¥113 million and net income of ¥75 million or ¥12.80 per share.

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.