Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the second quarter ended July 31, 2016. For the period, the company reported net sales of ¥1,890 million against ¥1,939 million a year ago. Operating income was ¥206 million against ¥284 million a year ago. Ordinary income was ¥217 million against ¥301 million a year ago. Income before income taxes was ¥217,726,000 against ¥301,186,000 million a year ago. Net income was ¥145 million or ¥23.52 diluted per share against ¥192 million or ¥30.46 diluted per share a year ago. Net cash used in operating activities was ¥177,341,000 against ¥368,958,000 a year ago. Purchase of tangible assets was ¥241,138,000 against ¥113,215,000 a year ago. Purchase of intangible assets was ¥460,000 against ¥9,757,000 a year ago.

The company provided earnings guidance for the year ending January 31, 2017. For the year, the company expects net sales of ¥4,050 million, operating income of ¥430 million, ordinary income of ¥450 million and net income of ¥277 million or ¥45.78 per share.