Furuno Electric raises first-half profit forecast on strong marine sales

Furuno Electric announced a substantial upward revision to its consolidated financial forecasts for the first half of the fiscal year ending February 28, 2026, primarily due to strong sales in its marine business. Net sales are now projected at JPY 68,600 million, up from JPY 64,500 million. Operating profit is expected to reach JPY 9,300 million, a significant increase from the previous JPY 6,500 million. Ordinary profit is forecasted at JPY 10,100 million, compared to the earlier JPY 7,000 million.

Profit attributable to owners of parent is expected to more than double to JPY 10,100 million, up from JPY 5,000 million, increasing consolidated earnings per share to JPY 319.61 from JPY 158.24. This performance is attributed to accelerated delivery schedules in the merchant vessel market and strong sales of strategic products for pleasure boats, boosted by front-loaded demand due to US tariff policy. Additionally, tax expenses are expected to decrease due to a tax incentive program for wage increases and tax-effect accounting adjustments.

The company stated that full-year consolidated financial results and dividend forecasts are currently under review and will be announced with the consolidated financial results for the second quarter on October 10, 2025. These forecasts are forward-looking statements based on available information, and actual results may vary.