Furukawa Electric's (TYO:5801) profit attributable to owners of the parent soared 117% to 72.5 billion yen for the fiscal year ended March 31 from 33.4 billion yen a year earlier.
The company's shares jumped nearly 8% in early-morning trade in Tokyo on Wednesday.
The battery manufacturer's basic earnings per share increased to 1,030.17 yen from 473.36 yen a year ago, according to a Tokyo bourse filing on Tuesday.
Net sales jumped 8.8% to 1.308 trillion yen from 1.202 trillion yen in the prior year.
Furukawa Electric declared a final dividend of 210 yen per share, payable from June 29.
For the fiscal year ending March 31, 2027, the company expects attributable profit of 82 billion yen, up 13.1%, while basic EPS is forecast to reach 116.56 yen. Net sales/revenue are forecast to jump 11.7% to 1.460 trillion yen.
Furukawa Electric plans to pay interim and year-end dividends of 11.00 yen per share, each, for the next fiscal year.