Fujikura lifts 2026 forecasts and boosts shareholder returns

Fujikura now projects consolidated net sales of JPY 1,109,000 million, operating profit of JPY 179,000 million, and ordinary profit of JPY 184,000 million for the full fiscal year ending March 31, 2026. This is an increase from previous forecasts of JPY 996,000 million, JPY 142,000 million, and JPY 148,000 million, respectively. Profit attributable to owners of parent is also revised up to JPY 132,000 million from JPY 103,000 million, leading to a revised net profit per share of JPY 478.40.

The upward revision is attributed to increased demand for data centers, propelled by the widespread adoption and expansion of generative AI within the Telecommunication Systems Business Division. Strong performance in the first half of the fiscal year, with net sales of JPY 558,994 million and operating profit of JPY 90,171 million, exceeded previous expectations.

In line with the improved outlook and a new payout ratio target of 40% (up from 30%), the company has increased its interim dividend to JPY 95.00 per share (a JPY 20.00 increase) and revised its year-end dividend forecast to JPY 95.00 per share. This results in an expected annual dividend of JPY 190.00 per share for the fiscal year ending March 31, 2026.