Furukawa's FY25 profit rises despite dip in ordinary income

Furukawa Co., Ltd. (TSE: 5715) announced its consolidated financial results for the fiscal year ended March 31, 2025, showcasing a rise in net sales to JPY 201.216 billion, a 6.9% increase year-over-year, and profit attributable to owners of parent rose 15.7% to JPY 18.619 billion. Operating profit climbed 14.5% to JPY 9.763 billion, boosted by the Industrial Machinery segment and the Metals and Chemicals segments. However, ordinary profit saw a 6.5% decline to JPY 9.705 billion primarily due to deteriorated foreign exchange gains/losses. The company forecasts consolidated net sales of JPY 193.000 billion and operating profit of JPY 7.000 billion for the fiscal year ending March 31, 2026, driven by expansion into new fields. Additionally, the company intends to purchase approximately JPY 13.0 billion in treasury shares over a three year period.