Furukawa Electric (5801) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 FY2025 rose 11% year-over-year to ¥273.6B, with operating profit at ¥3.5B and profit attributable to owners at ¥4.7B.

• Comprehensive income doubled year-over-year to ¥22.2B for the quarter.

• All business segments performed generally as expected.

Financial highlights

• Net sales: ¥273.6B (+11% YoY); operating profit: ¥3.5B (vs. -¥2.8B YoY); ordinary profit: ¥7.1B (vs. -¥1.8B YoY).

• Operating margin improved to 1.3% from -1.1% YoY.

• Basic earnings per share improved to ¥66.37 from a loss of ¥24.27 YoY.

• Equity capital ratio declined to 31.8% from 33.3% at the end of the previous fiscal year.

• Extraordinary income/loss swung to a loss of ¥1.8B from a gain of ¥2.6B YoY.

Outlook and guidance

• Full-year net sales forecast at ¥1,080B, up 2.2% YoY; operating profit projected at ¥25B, ordinary profit at ¥20.5B, and profit attributable to owners at ¥13B.

• Basic earnings per share forecasted at ¥184.50 for the full year.

• Monitoring demand recovery in each segment and growth in generative AI-related demand.