Furuno Electric achieves record sales, profit; boosts dividend

Furuno Electric (TSE:6814) announced record consolidated net sales of JPY126.95 billion for the fiscal year ending February 2025, a 10.5% increase year-over-year, and record operating profit of JPY13.181 billion, up 102.1%, due to demand for GHG reduction in new merchant vessel building projects. Building on this success, the company is increasing its year-end dividend to JPY75 per share, bringing the total annual dividend to JPY110, a significant increase from the previous year's JPY60. Looking ahead, Furuno anticipates maintaining this dividend level for the fiscal year ending February 2026. The company’s strong balance sheet, with an equity ratio of 58.4% and ROE of 17.2%, will continue driving investments in R&D for autonomous navigation and allocating resources for defense equipment and time synchronization products to drive sustainable growth.