Fujikura's share price rose on reports of a long-term contract with a US company. Most recently, the closing price rose from the end of September into early October, while trading volume also increased.
Among the key points in the recent price movement, the closing price rose from ¥4,931 on 29 September to ¥5,598 on 2 October, a 13.5% increase in 4 trading days. The 5.94% rise on 30 September and the 57% increase in trading volume marked the starting point of the rebound accompanied by a wider trading range.
A reported long-term supply agreement with US-based CFS for high-temperature superconducting wire on 30 September was cited as a catalyst, and the expansion of operations appears to have supported the share-price rebound.
From a technical perspective, it was reported on 1 October that a mini golden cross between the 5-day and 25-day moving averages was within reach. On 2 October, the stock joined the group showing a golden cross, a break above the Ichimoku cloud and a bullish alignment of the three Ichimoku indicators, with multiple catalysts emerging during the rebound.
In earnings and performance information, the first quarter of the fiscal year ending March 2027 achieved revenue of ¥402.0 billion and operating profit of ¥104.8 billion, representing substantial year-on-year increases in both revenue and profit. The full-year forecasts are revenue of ¥1.755 trillion, operating profit of ¥432.0 billion and net profit of ¥326.0 billion, while the dividend forecast remains unchanged at ¥38 per share.