TYO:5801

2 stories mentioning TYO:5801Updated 26d ago

Every FINWIRES story that references TYO:5801, newest first.

Furukawa Electric to Merge Unit in Absorption-Type Merger

Furukawa Electric (TYO:5801) agreed to merge with its wholly owned subsidiary Furukawa FITEL Optical Components Co. in an absorption-type merger, according to a Tokyo bourse filing on Tuesday.The Japan-based manufacturer said that following the merger, to be executed on July 31, FFOC will be absorbed within Furukawa Electric, which shall operate as the surviving company.The merger, which involves no new share issue or cash consideration, is scheduled to be effective April 1, 2027, and is aimed at maximizing the use of resources and enhancing decision-making.

TYO:5801

Asia54d ago

Furukawa Electric's FY2026 Profit Surges 117%; Shares Jump 8%

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.

TYO:5801

Track with the FINWIRES app suite

FolioX

Track TYO:5801 in your portfolio

WheelAI

Analyze TYO:5801 options with the wheel strategy

StockInsider

See market sentiment on TYO:5801