Fuji Electric : Difference between Forecast and Actual Business Results for 1H FY2014 (74KB)
October 30, 2014 at 04:55 am EDT
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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.
Fuji Electric Co specializes in manufacturing and marketing electric and electronic components. Net sales break down by family of products as follows:
- electric equipments and systems (38.7%): generators, meters, electricity transmission and control systems, etc. for individuals and thermal and hydraulic industries;
- electronic equipments and components (33.8%): magnetic contactors, magnetic contactors, uninterruptible power supply systems, power control systems, semiconductors, magnetic disks, energy distribution systems, etc.;
- vending machines (12.4%): hot and cold beverages, snacks, money distributors, etc.;
- industrial electric equipments (11.7%): primarily installation control systems, measurement instruments, power supply systems and captors;
- other (3.4%).