July 30, 2015
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, NSE and on FSE
Contact: Junichi Arai, Executive Officer and General Manager, Corporate Planning Office
Telephone: +81-3-5435-7213

Announcement of Revised Earnings Forecast

for First Half of Fiscal Year Ending March 31, 2016

Fuji Electric Co., Ltd. today announced that it has revised its earnings forecast for the first half of the fiscal year ending March 31, 2016 (from April 1, 2015, to September 30, 2015), from the figures announced previously on April 27, 2015. These revisions, outlined below, are made in consideration of recent trends in the Company's performance.

1. Revised consolidated forecast for the first half of the fiscal year ending March 31, 2016 (from April 1, 2015, to September 30, 2015)

(¥ million)

Net sales

Operating income

Ordinary income

Profit

attributable to owners of parent

Net income per share

Previous forecasts (A)

364,300

6,000

3,800

1,000

1.40 yen

Revised forecasts (B)

364,300

6,000

4,300

2,000

2.80 yen

Difference (B - A)

0

0

500

1,000

1.40 yen

Change (%)

0.0%

0.0%

13.2%

100.0%

-

FYR: Results for

the first half FYE March 31, 2015

345,341

5,885

6,072

1,974

2.76 yen

2. Reason for revision

Ordinary income is expected to exceed the previously released forecast due to an increase in dividend income.

Profit attributable to owners of parent is projected to be higher than previously forecast due to an increase in gain on sale of investment securities coupled with the rise in ordinary income.

The Company has chosen not to revise full-year consolidated forecasts for the fiscal year ending March 31, 2016.

Cautionary Statements:

Statements made in this document regarding estimates or projections are forward-looking statements based on management's judgments and assumptions in light of information currently available. Actual results may differ materially from those projections as a result of uncertainties inherent in such judgments and assumptions, as well

as changes in business operations or other internal or external conditions. Accordingly, management gives no guarantee regarding the reliability of any information contained in these forward-looking statements.

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