Fuji Electric Co., Ltd. Reports Earnings Results for the Nine Months of Fiscal 2021
January 27, 2021
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Fuji Electric Co., Ltd. reported earnings results for the nine months of fiscal 2021. For the period, net sales were JPY 561.3 billion, down JPY 50.4 billion. Operating income was JPY 14.1 billion, down JPY 2.8 billion. Net income attributable to owners of parent was negative JPY 4 billion, deterioration of JPY 14.3 billion year-on-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%).