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As of 2:21 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

fuji heavy industries ltd (FUH) Snapshot

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52 Week High
07/22/13 - €22.22
52 Week Low
04/17/13 - €13.32
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fuji heavy industries ltd (FUH) Details

Fuji Heavy Industries Ltd. manufactures and sells automobile, aerospace, and industrial products. The company manufactures, repairs, and sells passenger cars and their components; airplanes aerospace-related machinery and their components; and generators, engine-equipped machinery, agricultural machinery, construction machinery, and other machine tools, as well as their components. It is also involved in the real estate leasing, shopping mall management, and travel agency operations. The company offers its products and services in Japan and other countries of Asia; North America; Europe; and internationally. Fuji Heavy Industries Ltd. was founded in 1917 and is headquartered in Tokyo, Japan.

27,509 Employees
Last Reported Date: 09/10/13
Founded in 1917

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fuji heavy industries ltd (FUH) Key Developments

Fuji Heavy Industries Revises Earnings Guidance for the Fiscal Year Ending March 31, 2014

Fuji Heavy Industries revised earnings guidance for the fiscal year ending March 31, 2014. The company has downgraded its net profit forecast for the fiscal year ending in March to JPY 192 billion (USD 1.87 billion) from JPY 221 billion, as it expects a JPY 29.7 billion extraordinary loss from litigation over combat helicopters. The potential loss stems from a lawsuit that FHI filed against the Japanese government in 2010, seeking JPY 35 billion in compensation for initial investments related to AH-64D helicopters supplied to the country's Ministry of Defence. The Tokyo District Court dismissed the case in late February. The company now forecasts income per share of JPY 246.03 from previous guidance of JPY 283.19.

Fuji Heavy Industries Announces Management Changes, Effective April 1, 2014

Fuji Heavy Industries announced management changes that will come into effect on April 1, 2014. Four corporate vice-presidents - Masahiro Kasai, Tomomi Nakamura, Kazuo Hosoya, and Masaki Okawara - will be promoted. Kasai will become corporate executive vice-president, while the latter three will become corporate senior vice-presidents. Meanwhile, four others - Nobuhiko Murakami, currently deputy chief officer of Customer First Promotion Group at Toyota; Toshiaki Tamegai, currently senior general manager of Subaru Manufacturing Division; Hiroki Kurihara, currently president of Nagoya Subaru Motors; and Tetsuo Onuki, currently general manager, of the body design department at Subaru Engineering Division - have been appointed new corporate vice-presidents. The existing five corporate vice-presidents - Mitsuru Takada, Tamaki Kamogawa, Yoshio Hirakawa, Tatsuhiko Mukawa, and Tsuyoshi Nakai - are set to retire on 31 March. Effective from 1 April, Yoshio Hirakawa will become president of Subaru Tecnica International and technical adviser at FHI, Tatsuhiko Mukawa will become president of Fuji Techno-Services, and Tsuyoshi Nakai will become adviser at FHI.

Fuji Heavy Industries Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2013; Provides Earnings Guidance for Fiscal 2014

Fuji Heavy Industries Ltd. has reported that net income for the nine months ended December 31, 2013 was JPY 181.54 billion, or JPY 232.62 per basic share, compared to JPY 53.14 billion, or JPY 68.08 per basic share, for the same period ended December 31, 2012. Net sales for the nine months ended December 31, 2013 were JPY 1.71 trillion, compared to JPY 1.37 trillion for the same period ended December 31, 2012. Gross profit for the nine months ended December 31, 2013 was JPY 480.97 billion, compared to JPY 279.28 billion for the same period ended December 31, 2012. Operating income for the nine months ended December 31, 2013 was JPY 233.35 billion, compared to JPY 73.37 billion for the same period ended December 31, 2012. The company expects net sales to be JPY 2.38 trillion for fiscal 2014. For fiscal 2014, the company expects net income to be JPY 221 billion, or JPY 283.19 per basic share, and operating income to be JPY 310 million.


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