Furuno Electric first quarter profit surges, driven by strong sales

Furuno Electric announced its first-quarter results for the fiscal year ending February 2026, reporting a substantial increase in both sales and profit. Revenue rose by 11.0% year-over-year to JPY 31.296 billion, while operating profit increased by 30.8% to JPY 3.438 billion. Net profit attributable to the parent company shareholders saw a remarkable surge of 175.7%, reaching JPY 3.531 billion. The marine business segment was a key driver, with sales up 14.1% to JPY 27.6 billion and segment profit increasing by 43.8% to JPY 3.942 billion, benefiting from strong demand for new shipbuilding and aftermarket services. The industrial segment sales decreased by 5.9%, while wireless LAN and handy terminal decreased by 16.8%. The company maintains its full-year earnings forecast unchanged.