Fuji Electric Industry Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended October 31, 2019; Provides Earnings Guidance for the Year 2020
December 03, 2019
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Fuji Electric Industry Co., Ltd. announced consolidated earnings results for the nine months ended October 31, 2019. For the nine months, the company reported net sales of JPY 2,899 million against JPY 2,915 million for the same period a year ago. Operating income was JPY 256 million against JPY 283 million for the same period a year ago. Ordinary income was JPY 273 million against JPY 297 million for the same period a year ago. Net income was JPY 205 million against JPY 206 million for the same period a year ago. Net income per share basic was JPY 34.81 against JPY 35.00 for the same period a year ago. Net income per share diluted was JPY 34.67 against JPY 34.85 for the same period a year ago.
For the year 2020, the company expects net sales of JPY 4,300 million, operating income of JPY 405 million, net income of JPY 265 million, net income per share of JPY 45.01 million.
Fuji Electric Industry Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of control switches, connecting devices, electronic devices, pilot lamps and indicators. The control switches include cam-operated switches, auxiliary switches, railway car use switches, pushbutton switches, conductor switches, drum switches and block type terminal blocks, among others. The connecting devices include terminal blocks, high voltage terminal blocks, disconnecting terminal blocks, capacitor built-in terminal blocks, connectors, connector terminal blocks, test terminals and high current contacts. The pilot lamps and indicators include light emitting diode (LED) indicators, multi-window indicators, electromagnetic indicators, flag drop type fault indicators, and indicator lights for railway vehicles. The electronic devices include annunciator relay products, voltage relay products, interface units, telephone relay products and others.
Fuji Electric Industry Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended October 31, 2019; Provides Earnings Guidance for the Year 2020