April 24, 2014
Company Name: Fuji Electric Co., Ltd. Representative: Michihiro Kitazawa, President and Chairman of the Board of Directors Code Number: 6504, listed on the first sections of TSE and NSE; and on FSE
Contact: Junichi Arai, Executive Officer and General Manager, Corporate Planning Office
Telephone: +81-3-5435-7213

Announcement of Revised Dividend Forecast

A meeting of the Board of Directors of Fuji Electric Co., Ltd., convened today approved a revision of the forecast for the payment of dividends from retained earnings with a record date of March 31, 2014, as follows.
Further, regarding the payment of dividends from retained earnings, the Board of Directors of Fuji Electric plans to approve a resolution pursuant to the Companies Act at a meeting convened after completion of auditing procedures.

1. Reason for Dividend Forecast Revision

We intend to return profit gained through business activities to shareholders. At the same time-while maintaining and strengthening our management foundation-we intend to appropriate profit for consolidated shareholders' equity in order to secure internal reserves for research and development, capital investment, human resources, and other investments reflecting a
medium-to-long-term viewpoint. At the same time, the Company aims to provide its shareholders with stable dividend payments on a continuing basis.
Based on this policy, the Company plans to issue a year-end dividend payment of ¥4.00 per share for fiscal 2013.

2. Revised Dividend Forecast

Annual dividend (yen)

Interim

Year-end

Annual

Previous forecast

TBA

TBA

Revised forecast

4.00

7.00

Fiscal 2013

3.00

Fiscal 2012 ended

March 31, 2013

2.00

3.00

5.00

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