Furukawa Electric (5801) Q3 2026 earnings summary

Executive summary

• Net sales for the first nine months rose 7.6% year-over-year to JPY 948.9 billion, with operating profit up 11.9% and profit attributable to owners of parent up 117.0% to JPY 35.5 billion, driven by strong infrastructure and automotive segments and gains from strategic shareholdings sales.

• Comprehensive income for the period was JPY 44.0 billion, a 2.4% increase year-over-year.

• Full-year forecasts for net sales and profits have been revised upward, reflecting robust demand in data center and automotive products, and higher copper prices.

Financial highlights

• Q3 FY25 net sales rose to JPY 948.9 billion, up JPY 66.9 billion year-over-year, with operating profit at JPY 35.1 billion and profit attributable to owners of parent at JPY 35.5 billion.

• Basic earnings per share for the nine months reached JPY 504.31, up from JPY 232.17 year-over-year.

• Total assets increased to JPY 1,027.9 billion, and net assets to JPY 394.1 billion, with an equity capital ratio of 36.7%.

• Dividend per share forecast for the year is JPY 160.00, up from JPY 120.00 previously.

• Extraordinary income increased significantly due to a gain on revision of the retirement benefit plan.

Outlook and guidance

• FY25 full-year net sales forecast raised to JPY 1,300.0 billion, up JPY 100.0 billion from previous guidance, with operating profit expected to rise 19.1% and profit attributable to owners of parent to increase 61.9%.

• Basic earnings per share for the full year is projected at JPY 767.00.

• Dividend forecast revised upward, reflecting improved earnings outlook.

• Strong sales expected in data center-related products and automotive business; copper price assumptions raised for Q4.