Furukawa Electric (5801) Q3 2025 earnings summary

Executive summary

• Achieved significant profit growth on higher revenue year-over-year in FY24 Q3, with net sales up JPY 116.7 billion and operating profit up JPY 32.0 billion compared to the same quarter last year.

• Net sales for the first nine months rose 15.3% year-over-year to 882,015 million yen, with operating profit at 31,400 million yen and profit attributable to owners at 16,360 million yen.

• Comprehensive income surged 484.1% year-over-year to 42,995 million yen for the nine-month period.

• Revenue and profit increased across all segments except Service and Development.

Financial highlights

• FY24 Q3 net sales: JPY 882.0 billion (+116.7 billion YoY); operating profit: JPY 31.4 billion (vs. -0.6 billion YoY); ordinary profit: JPY 36.1 billion (vs. -3.0 billion YoY); profit attributable to owners: JPY 16.4 billion (vs. -6.5 billion YoY).

• Operating margin improved to 3.6% from -0.1% YoY; ordinary margin rose to 4.1% from -0.4%.

• Basic earnings per share improved to 232.17 yen from a loss of 92.65 yen year-over-year.

• Total assets reached 1,011,809 million yen, up from 985,007 million yen at the previous fiscal year-end.

• Extraordinary losses increased due to higher provisions and losses, partially offset by extraordinary income.

Outlook and guidance

• Full-year FY24 forecasts revised upward: net sales JPY 1,190.0 billion (+133.5 billion YoY), operating profit JPY 42.0 billion (+30.8 billion YoY), profit attributable to owners JPY 30.0 billion (+23.5 billion YoY).

• Operating profit projected at 42,000 million yen, ordinary profit at 46,000 million yen, and profit attributable to owners at 30,000 million yen, all showing significant increases.

• Basic earnings per share forecasted at 425.72 yen for the full year.

• Dividend forecast revised upward to 120 yen per share for the year.

• FY25 outlook expects continued demand, especially in data center and renewable energy markets, with attention to political/economic uncertainties.