Furukawa Electric reports strong first-half earnings growth

For the first half of the fiscal year ending March 31, 2026, Furukawa Electric recorded consolidated net sales of JPY610,658 million, a 7.1% increase year-on-year. Operating profit rose by 10.3% to JPY19,357 million, while ordinary profit increased by 8.0% to JPY20,501 million. Profit attributable to owners of parent saw a significant jump of 15.7% to JPY12,947 million, resulting in basic earnings per share of JPY183.83.

The company's financial position also strengthened, with total assets reaching JPY1,031,933 million and net assets at JPY384,967 million. The equity capital ratio stood at 34.2%. Furukawa Electric also announced a full-year dividend forecast of JPY120.00 per share for the fiscal year ending March 31, 2026.

Notably, the company expanded its scope of consolidation by adding six new companies, including Furukawa FITEL Optical Components Co., Ltd., and excluded one company, KANZACC Co., Ltd., during the term. The full-year forecast for the fiscal year ending March 31, 2026, projects net sales of JPY1,200,000 million, operating profit of JPY53,000 million, and profit attributable to owners of parent of JPY36,000 million.