Furuno Electric raises full-year forecast and interim dividend

Furuno Electric announced a revised full-year consolidated financial forecast for the fiscal year ending February 28, 2026, driven by strong operating trends, particularly in the Marine Business. Net sales are now projected to be JPY 137,500 million (up from JPY 127,500 million), operating profit JPY 16,000 million (up from JPY 11,500 million), ordinary profit JPY 17,500 million (up from JPY 12,500 million), and profit attributable to owners of parent JPY 15,500 million (up from JPY 9,000 million). This represents an increase of 7.8% in net sales and a substantial 72.2% increase in profit attributable to owners of parent from the previous forecast.

The company also resolved to increase the interim dividend for the period ended August 31, 2025, to JPY 75.00 per share (previously JPY 55.00). This decision aligns with the medium-term management plan's goal of achieving a stable consolidated dividend payout ratio of 30% or more. The year-end dividend forecast was also revised upwards by JPY 20 to JPY 75 per share, bringing the total annual dividend to JPY 150 per share.

For the six months ended August 31, 2025, consolidated net sales were JPY 68,653 million (up 9.3% year-on-year) and profit attributable to owners of parent was JPY 10,190 million (up 101.1% year-on-year). This strong performance, particularly in the Marine Business (net sales up 11.4%, segment profit up 37.5%), prompted the revisions. Foreign exchange rate assumptions for the second half of the fiscal year were also updated to USD 1 = JPY 148 and EUR 1 = JPY 166.