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TYO:5801

4 stories mentioning TYO:5801Updated 21d ago

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Asia

Furukawa Electric's Attributable Profit Jumps 335% in Fiscal Q1

Furukawa Electric (TYO:5801) posted a 335% year-over-year surge in attributable profit for the fiscal first quarter to 22.2 billion yen from 5.1 billion yen.Basic EPS was 31.60 yen, compared with 7.25 yen a year earlier, according to a Tokyo bourse filing on Thursday.Revenue rose 24% to 365.2 billion yen from 293.7 billion yen for the three months ended June 30.In a separate filing, the company raised its full-year attributable profit forecast to 105.0 billion yen from 82.0 billion yen and net sales to 1.530 trillion yen from 1.460 trillion yen, while setting basic EPS at 149.25 yen.The company plans to pay interim and year-end dividends of 11 yen per share each for the current year.Shares of the company fell more than 1% in recent trade.

TYO:5801
Asia

Furukawa Electric to Invest 100 Billion Yen to Double Rollable Ribbon Cables Capacity

Furukawa Electric (TYO:5801) said it will invest about 100 billion yen to double its production capacity for rollable ribbon cables in the United States, Brazil, Japan, and India, according to a Tokyo Stock Exchange filing on Tuesday.The Japan-based manufacturer said that the investments will cover manufacturing equipment for optical fibers and rollable ribbon cables, as well as land and buildings.The company expects mass production from the investments in the second half of fiscal 2028, and the investments are expected to have a minor impact for the fiscal year ending March 31.

TYO:5801
Asia

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
Asia

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

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