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FUJI ELECTRIC INDUSTRY falls sharply as operating profit drops 60% in Feb-Apr on soaring material costs
Shares of FUJI ELECTRIC INDUSTRY CO., LTD. <6654> plunged on Friday. After Thursday's close, FUJI ELECTRIC INDUSTRY announced its non-consolidated financial results for the first quarter of the fiscal year ending January 2027. Net sales rose 2.0% year-on-year to 916 million yen, while operating income plummeted 60.3% to 21 million yen, triggering a sell-off due to the sharp earnings decline. While net sales outpaced the same period last year driven by robust sales of surge absorber terminal blocks and connectors, soaring material costs weighed heavily on earnings.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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