FURUNO ELECTRIC, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 24% Increase, Raises Record High Profit, Dividend Revised Upward by 40 Yen

FURUNO ELECTRIC CO., LTD. <6814> [TSE Prime] announced its financial results after the market closed on October 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) expanded 10.1 billion yen, an increase 35.3% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 40.0%, from the previous forecast of 12.5 billion yen to 17.5 billion yen (compared to 14.1 billion yen in the previous period), record profits reach three consecutive terms, turning to a 23.6% increase in the consolidated ordinary profit outlook.

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 September to February period (second half) is expected to grow 10.3% from the same period last year, reaching 7.33 billion yen.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 110 yen to 150 yen (compared to 110 yen in the previous period).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased 42.8% from the same period last year, reaching 6.25 billion yen. The operating profit margin rose from 13.5% in the same period last year to 15.7%.

Kabutan News