Furukawa Electric raised its net profit forecast for the second quarter of the fiscal year ending March 2027 from ¥42.5 billion to ¥58 billion. It expects to record approximately ¥22 billion as an extraordinary gain from the sale of UACJ shares.
Furukawa Electric raised its consolidated net profit forecast for the second quarter of the fiscal year ending March 2027 from ¥42.5 billion to ¥58 billion. It expects to record approximately ¥22 billion as an extraordinary gain from the sale of shares.
The company said it continues to forecast full-year net profit of ¥105 billion, unchanged from its previous forecast. The sale amount is approximately ¥28.6 billion, and the sale is scheduled for the 25th.
The sale is intended to reduce strategic shareholdings and secure funds for growth. The company brought forward the sale, which had been planned for the third quarter onward, to achieve this.