FURUNO ELECTRIC CO.,LTD. traded at a price in overnight PTS trading and posted a modest gain in daytime trading. According to the earnings report, the first quarter of the fiscal year ending February 2027 saw substantial increases in revenue and profit, while the full-year forecast was maintained and the possibility of an upward revision was suggested.
FURUNO ELECTRIC CO.,LTD.'s share price moved around ¥7,640 in the afternoon session after closing at ¥7,530 in the morning session, while overnight PTS trading was at ¥7,620 (as of 20:41, down 0.26%). Trading volume in the overnight session fluctuated modestly.
According to the earnings release, revenue for the first quarter of the fiscal year ending February 2027 was ¥38.115 billion, up 21.8% year on year, while operating profit was ¥5.681 billion, up 65.3%, indicating a substantial improvement in earnings. The full-year forecast remains unchanged, although an upward revision was also considered possible in light of the strong results.
An analyst at a major Japanese securities firm maintained a bullish view in early September, and information emerged that the price target had been raised to ¥11,300. Factors prompting reviews of the recent share price have been emerging intermittently.
The analysis reflects summaries of the earnings release and analyst forecasts based on multiple information sources, including Buffett Code and IFIS Japan. Attention is focused on whether the improvement in the marine and industrial businesses' performance will continue.