Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the six months ended July 31, 2018. For the period, the company reported net sales of ¥1,993 million against ¥1,896 million a year ago. Operating income was ¥210 million against ¥121 million a year ago. Ordinary income was ¥220 million against ¥133 million a year ago. Net income was ¥150 million or ¥25.37 diluted per share against ¥115 million or ¥19.58 diluted per share a year ago. Income before income taxes was ¥218,679,000 against ¥168,307,000 million a year ago. Net cash used in operating activities was ¥435,727,000 against ¥335,410,000 a year ago. Purchase of tangible assets was ¥116,922,000 against ¥342,277,000 a year ago. Purchase of intangible assets was ¥2,201,000 against ¥6,005,000 a year ago.

The company provided earnings guidance for the year ending January 31, 2019. For the year, the company expects net sales of ¥4,300 million, operating income of ¥447 million, ordinary income of ¥430 million and net income of ¥309 million or ¥52.56 per share.