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TYO:5803

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Asia

Fujikura's Attributable Profit Jumps 157% in Fiscal Q1; Shares Rise 10%

Fujikura (TYO:5803) posted a 157% year-over-year surge in attributable profit for the fiscal first quarter to 80.4 billion yen from 31.3 billion yen.Net profit per share was 48.58 yen, compared with 18.92 yen a year earlier, according to a Tokyo bourse filing on Friday.Net sales rose 50% to 402.0 billion yen from 267.9 billion yen for the three months ended June 30.In a separate release, the electrical equipment manufacturer raised its full-year attributable profit forecast to 326.0 billion yen from 229.0 billion yen, net profit per share to 196.88 yen from 138.31 yen and net sales to 1.755 trillion yen from 1.462 trillion yen.The revision was due to better visibility of large optical component orders for the second half.The company plans to pay interim and year-end dividends of 19 yen per share each for the current year, which is lower from the year-ago period.Shares of the company jumped more than 10% in recent trade.

TYO:5803
Asia

Fujikura Signs Share Purchase Deal to Sell 60% Stake in Chinese JV

Fujikura (TYO:5803) said it signed a share purchase agreement to sell its entire 60% equity interest in its China-based joint venture, Fujikura FiberHome Opto-Electronics Material Technology Co., to FiberHome Telecommunication Technologies for 11.96 billion yen.The company said that the transaction includes its 40% direct holding in the company and 20% stake held through its wholly owned subsidiary, Fujikura (China) Co., according to a Tokyo bourse filing on Friday.The transaction is planned to be concluded by late September.

TYO:5803
Asia

Jefferies Adjusts Fujikura's Price Target to 9,300 Yen from 8,100 Yen, Keeps at Buy

Fujikura (TYO:5803) has an average rating of overweight and mean price target of 6,288 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TYO:5803
Asia

Fujikura Lifts Full-Year Profit Forecast on Strong Hyperscaler Demand

Telecommunications firm Fujikura (TYO:5803) raised its full-year attributable profit forecast for the fiscal year ending March 31, 2027, to 229 billion yen from 156 billion yen, according to a Tokyo bourse filing on Thursday.Net profit per share estimates were adjusted to 138.31 yen from 94.22 yen previously, while the net sales forecast was also lifted to 1.462 trillion yen from 1.243 trillion yen, reflecting stronger-than-expected orders.For the fiscal first half, attributable profit is now expected to be 128 billion yen, nearly double the previous 67 billion yen estimate, while net sales target jumped to 778 billion yen from 594 billion yen.The higher projections were driven by unexpected orders for optical components from hyperscalers, price increases, and an easing of earlier hydrogen supply shortages that had weighed on production.Management expects these positive trends to continue into the second half of the fiscal year.The company is also benefiting from a recent 6-for-1 share split, though per-share figures are calculated as if the split occurred at the start of the prior year.

TYO:5803
Asia

Market Chatter: Fujikura Earmarks Up to JPY 260 Billion in US Fiber Optic Cable Expansion

Japanese cable maker Fujikura (TYO:5803) plans to invest up to 260 billion yen to expand its fiber optic cable production in the U.S., betting on continued growth in data centers fueled by the rise of artificial intelligence, Nikkei Asia reported Wednesday, citing a top offical.The company will also allocate 40 billion yen to domestic investments in Japan, bringing the total capital spending unveiled in March to as much as 300 billion yen, with the regional breakdown previously undisclosed, the news daily said.Fujikura President Naoki Okada described the demand for fiber optic cables as "enormous," adding that the company aims to secure a solid competitive advantage by expanding production capacity while simultaneously introducing innovative manufacturing technologies, the publication said.In a midterm business plan released Tuesday, the company set a revenue target of 1.6 trillion yen for the year ending March 2029, representing a 35% increase from the previous fiscal year, the report said.Operating profit is projected to reach 315 billion yen over the same period, marking a 67% gain, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5803
Asia

Fujikura's Profit Soars 73% in Fiscal Year 2025

Fujikura's (TYO:5803) profit attributable to owners of the parent surged 73% to 157.2 billion yen in fiscal year 2025 from 91.1 billion yen a year earlier.The telecommunications company's basic net profit per share increased to 94.93 yen from 55.05 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales climbed 21% to 1.182 trillion yen in the year ended March 31 from 979.4 billion yen in the prior year.Fujikura raised its final dividend to 130 yen per share from the initially planned 120 yen, payable from June 29.For fiscal year 2026, the company expects attributable profit of 156 billion yen, net profit per share of 94.22 yen, and net sales of 1.243 trillion yen.Fujikura plans to pay interim and year-end dividends of 19 yen per share each for the year, totalling 38 yen per share, which is lower than the 225 yen per share in the year-ago period on a pre-split basis.

TYO:5803

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