On 7 August, Fujikura raised its operating profit forecast for FY2026 to more than double the initial forecast. The AI data center boom is believed to be the driving factor, and the share price rose by nearly 40% at one point on 18 August.
Fujikura, a major cable manufacturer, revised its operating profit forecast for FY2026 from ¥211 billion to ¥432 billion on 7 August. The share price subsequently surged from that day onward in response to the market’s positive reaction.
The share price then became highly volatile and is currently trading around ¥5,000, compared with the year-to-date high of ¥7,933. On 18 August, it reached ¥6,433, representing a roughly 40% increase based on the closing price.
With the market increasingly focused on whether the AI data center boom can continue, Fujikura’s release of its earnings outlook had a major impact on investor sentiment. The prevailing view is that the expansion in data center demand is driving the trend.
The company’s announcements and comments from its top executives have brought renewed market attention to changes in demand associated with the AI data center boom and to the company’s strengths.