Fuji Electric Industry Co. Ltd. announced non-consolidated earnings results for the six months ended July 31, 2017. For the period, the company reported net sales of ¥1,896 million against ¥1,890 million a year ago. Operating income was ¥121 million against ¥206 million a year ago. Ordinary income was ¥133 million against ¥217 million a year ago. Net income was ¥115 million or ¥19.58 diluted per share against ¥145 million or ¥23.52 diluted per share a year ago. Income before income taxes was ¥168,307,000 against ¥217,726,000 million a year ago. Net cash used in operating activities was ¥335,410,000 against ¥177,341,000 a year ago. Purchase of tangible assets was ¥342,277,000 against ¥241,138,000 a year ago. Purchase of intangible assets was ¥6,005,000 against ¥460,000 a year ago.

The company provided earnings guidance for the year ending January 31, 2018. 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.

For the second quarter of fiscal year 2018, the company announced dividend of ¥16.00 per share.

The company expects year end dividend of ¥16.00 per share for fiscal year 2018.