Fuji Electric Co., Ltd. Provides Earnings Guidance for the Second Half of 2020 and Full Year of 2020
October 28, 2020
Share
Fuji Electric Co., Ltd. provided earnings guidance for the second half and full year 2020. For the year, full year net sales are estimated to decrease JPY 30.6 billion to JPY 870 billion. Operating income will be down JPY 1.5 billion to JPY 41 billion. Net income attributable to owners of parent will be down JPY 1.3 billion to JPY 27.5 billion.
For the second half, net sales are estimated to grow JPY 19.1 billion to JPY 513 billion. Operating income will increase JPY 4.3 billion to JPY 35.7 billion. Ordinary income will be JPY 37.3 billion, and net income will be up JPY 2.6 billion to JPY 25.4 billion.
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%).
FUJI ELECTRIC CO., LTD 
