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Earnings5801Furukawa Electric Co.,Ltd.Iron & Steel, Nonferrous Metals

Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated)

For the fiscal year ended March 2026, revenue, operating income and net income all increased, driven by higher sales of data center-related products and automotive components. For the fiscal year ending March 2027, the company expects higher revenue and earnings, and has changed its dividend policy from a target payout ratio to a target DOE.

Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
35.8
Operating profit year-on-year (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales1,307,560¥ millionYear on year +8.8%Progress 89.6%
Operating profit63,856¥ millionYear on year +35.8%Progress 67.2%
Ordinary income75,858¥ millionYear on year +56.4%Progress 75.9%
Net income attributable to owners of the parent72,514¥ millionYear on year +117.4%Progress 88.4%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥1,030.17
Operating Margin4.9%
Financial position at period-end
Total assets1,066,372¥ million
of which net assets 435,231 ¥ millionEquity ratio 39.1%vs. prior year-end +4.5pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+28,116
Investment-47,137
Financials+19,930
Net change+909

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥70,474 million
Segment revenueInfrastructure 3,709 Hundreds of millions of yen (YoY +20.0%), Electrical and Electronics 7,651 Hundreds of millions of yen (YoY +3.9%), Functional Products 1,611 Hundreds of millions of yen (YoY +9.6%), Services, Development and Other 422 Hundreds of millions of yen (YoY +21.2%)
Segment profitInfrastructure 214 Hundreds of millions of yen (YoY +276.1%), Electrical and Electronics 339 Hundreds of millions of yen (YoY +3.9%), Functional Products 154 Hundreds of millions of yen (YoY +8.9%), Services, Development and Other -67 Hundreds of millions of yen
Regional sales6,620 Hundreds of millions of yen (YoY +3.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,460,000 million (YoY +11.7%)
Operating profit¥95,000 million (YoY +48.8%)
Ordinary income¥100,000 million (YoY +31.8%)
Net income¥82,000 million (YoY +13.1%)
Annual Dividend Forecast¥120 → ¥210(+75.0%)
Payout ratio20.4%
Shareholder Return PolicyThrough fiscal 2025, dividends were targeted at 30% of consolidated net income attributable to owners of the parent. From fiscal 2026 through fiscal 2030, the policy has changed to dividends targeting a DOE (dividend on equity) of 3.5%.
Factors Behind Changes in Business Performance

Revenue increased due to higher sales of data center-related products and automotive components and surging copper bullion prices. Profit increased due to higher sales, productivity improvements and the optimization of selling prices.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 6 / Company name 古河フィテルオプティカルコンポーネンツ(株), Furukawa FITEL Optical Components America, Inc., Furukawa FITEL Optical Components Italy S.p.A., Furukawa FITEL Optical Components Thailand Ltd., 古河電工サブマリンケーブル(株), 理研華通(唐山)線纜有限公司 / Excluded Number of companies 7 / Company name (株)KANZACC, 古河電池(株), 本多電機(株), SIAM FURUKAWA CO.,LTD., SIAM FURUKAWA TRADING CO.,LTD., PT.FURUKAWA INDOMOBIL BATTERY MANUFACTURING, 瀋陽古河電纜有限公司
Material subsequent eventsThe CATV business is scheduled to be transferred to ミハル通信株式会社 through a company split on 1 October 2026, after which that company is scheduled to change its corporate name to 古河ミハルソリューション株式会社.
Impairment loss¥1,583 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on disposal of fixed assets ¥787 million, Gain on sale of investment securities ¥19,294 million, Gain on revision of retirement benefit plans ¥19,437 million, Other ¥639 million / Extraordinary loss Losses on disposal of fixed assets ¥1,494 million, Impairment Losses ¥1,583 million, Provision for allowance for doubtful accounts ¥4,149 million, Other ¥3,845 million
Depreciation and amortization¥43,218 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (for institutional investors, analysts and the media)
Issued Shares at Period-End70,666,917
Treasury Shares at Period-End317,112
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥1,307,560 million (YoY +8.8%)
Operating profit¥63,856 million (YoY +35.8%)
Ordinary income¥75,858 million (YoY +56.4%)
Profit attributable to owners of the parent¥72,514 million (YoY +117.4%)
Net income per share¥1,030.17
Operating Margin4.9%
Equity ratioEnd of the current fiscal period 39.1% / End of previous period 34.6%
Total assets¥1,066,372 million
Net assets¥435,231 million
Cash flows from operating activities¥28,116 million
Cash flows from investing activities¥-47,137 million
Cash flows from financing activities¥19,930 million
Cash and cash equivalents at end of period¥70,474 million
Full-year earnings forecastNet Sales ¥1,460,000 million (YoY +11.7%) / Operating profit ¥95,000 million (YoY +48.8%) / Ordinary income ¥100,000 million (YoY +31.8%) / Net income ¥82,000 million (YoY +13.1%)
Annual Dividend Forecast¥120 → ¥210(+75.0%)
Payout ratio20.4%
Shareholder Return PolicyThrough fiscal 2025, dividends were targeted at 30% of consolidated net income attributable to owners of the parent. From fiscal 2026 through fiscal 2030, the policy has changed to dividends targeting a DOE (dividend on equity) of 3.5%.
Segment revenueInfrastructure 3,709 Hundreds of millions of yen (YoY +20.0%), Electrical and Electronics 7,651 Hundreds of millions of yen (YoY +3.9%), Functional Products 1,611 Hundreds of millions of yen (YoY +9.6%), Services, Development and Other 422 Hundreds of millions of yen (YoY +21.2%)
Segment profitInfrastructure 214 Hundreds of millions of yen (YoY +276.1%), Electrical and Electronics 339 Hundreds of millions of yen (YoY +3.9%), Functional Products 154 Hundreds of millions of yen (YoY +8.9%), Services, Development and Other -67 Hundreds of millions of yen
Regional sales6,620 Hundreds of millions of yen (YoY +3.8%)
Depreciation and amortization¥43,218 million
Impairment loss¥1,583 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on disposal of fixed assets ¥787 million, Gain on sale of investment securities ¥19,294 million, Gain on revision of retirement benefit plans ¥19,437 million, Other ¥639 million / Extraordinary loss Losses on disposal of fixed assets ¥1,494 million, Impairment Losses ¥1,583 million, Provision for allowance for doubtful accounts ¥4,149 million, Other ¥3,845 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 6 / Company name 古河フィテルオプティカルコンポーネンツ(株), Furukawa FITEL Optical Components America, Inc., Furukawa FITEL Optical Components Italy S.p.A., Furukawa FITEL Optical Components Thailand Ltd., 古河電工サブマリンケーブル(株), 理研華通(唐山)線纜有限公司 / Excluded Number of companies 7 / Company name (株)KANZACC, 古河電池(株), 本多電機(株), SIAM FURUKAWA CO.,LTD., SIAM FURUKAWA TRADING CO.,LTD., PT.FURUKAWA INDOMOBIL BATTERY MANUFACTURING, 瀋陽古河電纜有限公司
Material subsequent eventsThe CATV business is scheduled to be transferred to ミハル通信株式会社 through a company split on 1 October 2026, after which that company is scheduled to change its corporate name to 古河ミハルソリューション株式会社.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (for institutional investors, analysts and the media)
Issued Shares at Period-End70,666,917
Treasury Shares at Period-End317,112
Factors Behind Changes in Business PerformanceRevenue increased due to higher sales of data center-related products and automotive components and surging copper bullion prices. Profit increased due to higher sales, productivity improvements and the optimization of selling prices.
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased due to higher sales of data center-related products, including fiber-optic cables, and automotive components, including wire harnesses, as well as surging copper bullion prices. On the earnings side, higher sales, productivity improvements and efforts to optimize selling prices contributed to the increase in profit.

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Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated) | Furukawa Electric Co.,Ltd. (5801) timely disclosure | Komori