On 24 September, Furukawa Electric revised its first-half consolidated net income forecast upward by 36.5%, changing it from ¥42.5 billion to ¥58 billion. The full-year net income forecast was left unchanged at ¥105 billion.
Furukawa Electric raised its consolidated net income forecast for the cumulative second quarter of the fiscal year ending March 2027 (April-September) from ¥42.5 billion to ¥58 billion. Net income for the same period of the previous year was ¥12.8 billion.
The revised forecast is expected to represent a year-on-year increase of 4.5 times, compared with 3.3 times previously, while the full-year net income forecast was left unchanged at ¥105 billion.
The revised forecast for the current first half shows revenue of ¥720 billion, operating profit of ¥49.5 billion, ordinary profit of ¥60.5 billion, net income of ¥58 billion and adjusted earnings per share of ¥82.5.