FURUNO ELECTRIC CO.,LTD.'s share price rose from ¥7,530 to ¥8,050 between 9/29 and 10/6, while trading volume was approximately 50% higher than the previous day on 10/1 and 10/5. Meanwhile, the company's first-quarter results and overseas sales ratio are reported to be factors to watch going forward.
FURUNO ELECTRIC CO.,LTD.'s share price rose from ¥7,530 to ¥8,050 from the end of September into early October, and trading volume also increased during the period. Market interest rose particularly on 1 October and 5 October, when trading activity intensified intermittently.
Around the same time, the stock was featured as having broken above the Ichimoku cloud. The technical catalyst was seen as adding to the positive factors, prompting observations that the strength of its short-term price movement had been reaffirmed.
For the first quarter of the fiscal year ending February 2027, revenue was ¥38.115 billion and operating profit was ¥5.681 billion, while the company's forecast was reportedly left unchanged. Equipment for commercial vessels, defense equipment and wireless LAN projects for the education sector are cited as drivers of performance.
The marine equipment business accounts for the core of the sales mix, and the overseas sales ratio is reported to be 71%. The recent improvement in performance is attributed mainly to sales of equipment for commercial vessels, and the performance of the core business is viewed as likely to become a driver of the share price.