To Our Shareholders and Investors
I would like to thank our shareholders and investors sincerely for their continuing support.
The April 2011 merger of Fuji Electric Holdings Co., Ltd., with Fuji Electric Systems Co., Ltd., marked the birth of the New Fuji Electric. The Company’s overriding management policies are: expanding our business on a global scale and focusing on energy and environment.
Due to the Great East Japan Earthquake, we were unable to announce a full-year business results forecast until July 2011. However, in October we set out a 3-Year Rolling Plan (covering the fiscal year ended March 2012 through the fiscal year ending March 2014) and a 10-Year Vision as our medium-to-long-term plans. Since then, we have been advancing measures based on this plan and vision.
In the fiscal year ended March 2012, we faced a worsening of the global economy stemming from the Europe’s financial crisis, flooding in Thailand, and a softening of China’s economic growth. Despite these tough conditions, for the second year we improved operating income. This was attributable to higher earnings from the energy segment and moves into the black by the vending machine business and the magnetic disk business thanks to business restructuring.
In light of the above-mentioned business result trends, we have decided to pay a year-end dividend of ¥2.00 per share, giving a full-year dividend of ¥4.00 per share.
For the current fiscal year, ending March 2013, we intend to concentrate on laying foundations for sales and manufacturing with a view to building a robustly profitable organization and expanding businesses overseas. At the same time, we aim to be company that lead to a responsible and sustainable society through its energy-related businesses.
As we take on these challenges, I would like to ask all of our stakeholders for their continued support and understanding.
President and Representative Director
Fuji Electric Co., Ltd.