Fuji Electric Co., Ltd. Reports Earnings Results for the First Quarter of Fiscal Year 2021
July 29, 2021 at 02:30 am EDT
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Fuji Electric Co., Ltd. reported earnings results for the first quarter of fiscal year 2021. For the quarter, the company's net sales rose JPY 21.1 billion to JPY 190 billion. Operating income rose by JPY 2.9 billion to JPY 5.3 billion. Ordinary income rose to JPY 5.9 billion, up JPY 3.3 billion, including non operating income of exchange rate gain. Net income attributable to owners of the parent grew JPY 3.6 billion to JPY 5 billion or 3.6 times that of the same period previous year.
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 
