Fukuda Denshi Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2024. For the fiscal year ending March 2024, the company expects to report JPY 130 billion in net sales, a decrease of JPY 4.6 billion at 3.5%. Operating profit expected to be JPY 20 billion, a decrease of JPY 4 billion at 17%.

Ordinary profit expected to be JPY 20 billion, a decrease of JPY 5 billion at 20.3%. Net profit attributable to shareholders of the parent company expected to be JPY 14 billion, a decrease of JPY 3.2 billion at 19%.