Furukawa Electric Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 76%, Dividend Revised Upward by 30 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 7, 2024 3:30 pm JST Earnings

5801 Furukawa Electric Co., Ltd. 【J-GAAP】

Earnings Report

Furukawa Electric Co., Ltd. <5801> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 18.9 billion yen (compared to a loss of 3.61 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward by 75.6%, from the previous forecast of 20.5 billion yen to 36 billion yen (compared to 10.2 billion yen in the previous period), increasing the growth rate from 99.7% to 3.5 times.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 22.5% from the same period last year, reaching 17 billion yen.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 60 yen to 90 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 11.9 billion yen (compared to a loss of 1.81 billion yen in the same period last year). The operating profit/loss margin drastically improved from -0.7% in the same period last year to 4.7%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	524,527	4,585	12,106	6,326	89.9	70.1	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	503,110	-4,612	-3,616	-4,146	-58.9	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	570,366	17,545	18,989	11,194	158.9	52.7	Nov 7, 2024	J-GAAP
YoY	+13.4%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	570,366	17,545	18,989	11,194	158.9	0	Nov 7, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,080,000	25,000	20,500	13,000	184.5	60	May 13, 2024	J-GAAP
Mar, 2025 New	1,140,000	38,000	36,000	22,000	312.2	90	Nov 7, 2024	J-GAAP
Revision Rate	+5.6%	+52.0%	+75.6%	+69.2%	+69.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	553,418	15,783	13,883	10,654	151.3	60	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	569,634	20,455	17,011	10,806	153.3	90	Nov 7, 2024	J-GAAP
YoY	+2.9%	+29.6%	+22.5%	+1.4%	+1.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,066,326	15,441	17,258	15,894	225.8	80	May 11, 2023	J-GAAP
Mar, 2024	1,056,528	11,171	10,267	6,508	92.4	60	May 13, 2024	J-GAAP
Mar, 2025 Guidance	1,140,000	38,000	36,000	22,000	312.2	90	Nov 7, 2024	J-GAAP
YoY	+7.9%	+240.2%	+250.6%	+238.0%	+237.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	256,696	-1,833	-1,814	-2,438	-34.6	-0.7	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	262,189	4,057	659	-2,379	-33.8	1.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	291,229	11,726	13,224	13,033	185.0	4.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	273,561	3,522	7,051	4,676	66.4	1.3	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	296,805	14,023	11,938	6,518	92.5	4.7	Nov 7, 2024	J-GAAP
YoY	+15.6%	－	－	－	－