Furuno Electric raised its full-year earnings outlook and annual dividend forecast and also disclosed its targets for the fiscal year ending February 2031. Revenue is projected at ¥158 billion and operating profit at ¥21 billion, while the annual dividend was raised to ¥210.
Based on its results for the cumulative second quarter announced after the market close on the 9th, Furuno Electric raised its full-year revenue forecast from ¥148.5 billion to ¥158 billion. The operating profit forecast was also raised from ¥17 billion to ¥21 billion, indicating a substantial increase in profit year on year.
The annual dividend forecast, comprising an interim dividend of ¥115 and a year-end dividend of ¥95, is ¥210, an increase of ¥50 from ¥160 in the previous fiscal year.
The assumed exchange rates were revised from ¥153 to ¥159 per US dollar and from ¥183 to ¥184 per euro.
For the interim period ended August, revenue was ¥79.917 billion and operating profit was ¥12.866 billion, with both increasing year on year. In addition, the company set targets of revenue of ¥180 billion and an operating margin of at least 15% for the fiscal year ending February 2031, aiming to achieve them from its current position.