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Furuno Electric Surges on Report of Boosting Defense Equipment Sales to \7 Billion by FY2/29

Wed Apr 8, 2026 10:24 am JST Catalyst

Shares of Furuno Electric <6814> are surging today, rallying on a report in this morning's edition of The Nikkei. The article stated that the company plans to boost its defense equipment sales to \7 billion by the fiscal year ending February 2029 (FY2/29), representing a 50% increase (or 1.5 times) from its estimated FY2/26 levels.

According to the report, Furuno Electric will leverage its commercial fishing sonar technology to supply equipment capable of detecting underwater objects in environments where radio wave transmission is limited. The company is also developing products for unmanned underwater vehicles (UUVs) and unmanned surface vehicles (USVs). Furthermore, on the 1st of the month, the company established a new Quality Assurance Department within its Aviation and Defense Division. This move is aimed at strengthening its ability to meet the demands of the expanding defense market, positioning the company to grow this business through a broader product lineup and enhanced quality control.

Source: MINKABU PRESS

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