Furukawa Electric (5801) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 rose to JPY 293.7 billion, up 7.4% year-over-year, with all profit levels increasing.

• Operating profit increased 139.8% year-over-year to JPY 8.4 billion, with margin improving from 1.3% to 2.9%.

• Profit attributable to owners of parent grew 10.3% year-over-year to JPY 5.2 billion.

• Comprehensive income for the quarter was JPY 5.3 billion, down 76.0% year-over-year.

Financial highlights

• Ordinary profit reached JPY 7.8 billion, up JPY 0.7 billion year-over-year, with margin stable at 2.6%.

• Extraordinary income improved by JPY 1.7 billion, while extraordinary loss decreased by JPY 2.3 billion.

• Basic earnings per share for the quarter were JPY 73.18, up from JPY 66.37 year-over-year.

• Total assets at quarter-end were JPY 974.0 billion, with an equity capital ratio of 34.8%.

• Net assets stood at JPY 369.8 billion at quarter-end.

Outlook and guidance

• Full-year forecast for FY25 remains unchanged, with net sales projected at JPY 1,200.0 billion and operating profit at JPY 53.0 billion.

• Profit attributable to owners expected to increase 7.9% to JPY 36.0 billion.

• Full-year basic earnings per share forecast at JPY 510.83.

• Dividend forecast maintained at JPY 120 per share for the year.

• Measures to address US tariff impacts are progressing as expected, with cost increases being recovered.