Fuji Electric published FY2023 1H Financial Results. In the semiconductor business, the company’s net sales increased year on year due to growth in demand for power semiconductors for electrified vehicles (xEVs).

The growth in sales led to operating results being relatively unchanged year on year, despite the rise in expenses for bolstering power semiconductor production capacity and the increases in material costs.

  • Net sales: ¥51.1 billion (up 11% year on year)
  • Operating profit: ¥7.1 billion (unchanged year on year)

Original – Fuji Electric