A summary of Furukawa Electric Co.,Ltd.’s earnings report for the second quarter of the fiscal year ending March 2027 was released. Revenue rose 20.8% year on year to ¥737.6 billion, while operating profit increased 201.1% to ¥57.61 billion.
Against a backdrop of recovering demand, Furukawa Electric Co.,Ltd. reported revenue of ¥737.6 billion for the second quarter of the fiscal year ending March 2027, up 20.8% year on year, and operating profit of ¥57.61 billion, up 201.1%. Ordinary profit was ¥64.94 billion, up 220.3%, while interim net income attributable to owners of the parent was ¥58.78 billion, up 357.3%.
The main business segments are Optical Solutions, Information Components, Energy Infrastructure, Automotive Electrical Systems, Metal Solutions, and Services and Development, among others. Optical Solutions benefited from higher sales volumes of data center-related products, price revisions and changes in the product mix. The operating loss in Services and Development, among others, narrowed from the same period of the previous year.
On the balance sheet, total assets increased to ¥1.145 trillion, net assets expanded to ¥473.4 billion, and the equity ratio rose to 39.7%. In cash flows, cash inflows from operating activities increased, and cash and cash equivalents at the end of the period totaled ¥78.83 billion.
For the full fiscal year ending March 2027, the company expects revenue of ¥1.57 trillion, operating profit of ¥136.0 billion, ordinary profit of ¥155.0 billion, and net income attributable to owners of the parent of ¥118.0 billion, all above its previous outlook. Annual dividends are expected to be ¥22 per share on a post-split basis.