Difference between Forecast and Actual Business Results for 1H FY2014


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

Difference between Forecast and Actual Business Results for 1H FY2014

The differences between the business result forecasts released on July 30, 2014, and actual business results released today for the first half of fiscal 2014, ended September 30, 2014, are as follows.

1. Actual Business Results for 1H FY2014 and Previous Forecasts

(¥ million)

Net sales

Operating income

Ordinary income

Net income

Net income per share

Previous forecasts (A)

340,000

4,500

3,000

340

0.48 yen

Actuals (B)

345,341

5,885

6,072

1,974

2.76 yen

Difference (B - A)

5,341

1,385

3,072

1,634

Change (%)

1.6%

30.8%

102.4%

480.6%

FYR: Results for 1H

FY2013

328,489

2,971

2,491

329

0.46 yen

2. Reason for Difference

Overall net sales exceeded previous forecasts due to increased demand and beneficial foreign exchange translations. By business segment, sales figures exceeded forecasts in the Power and Social Infrastructure, Power Electronics, Electronics Devices, Food and Beverage Distribution and Others segments.
Operating income climbed above previous forecasts due to the higher sales as well as the improved profitability stemming from cost reductions.
Due to the improvements in operating income and the more beneficial foreign exchange rates, ordinary income and net income were also higher than previous forecasts.

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