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Furukawa Electric surges to 50,000 yen level with limit-high buy indication on 13% profit growth forecast and 10-for-1 stock split

Tue May 12, 2026 2:33 pm JST Catalyst

Furukawa Electric Co., Ltd. <5801> surged in the afternoon session, hitting a record high at the 50,000 yen level and remaining limit-high with a glut of buy orders. Alongside its fiscal 2025 results released on May 12, the company issued a robust forecast for the year ending March 2027. Furukawa Electric projects sales to rise 11.7% year-on-year to 1.46 trillion yen and net profit to climb 13.1% to 82 billion yen, following better-than-expected performance in the previous year. The company also signaled an effective dividend hike and a 10-for-1 stock split, which fueled the buying momentum.

Sales of related products are expected to grow amid expanding demand from the data center market for the current fiscal year. For the year ended March 2026, sales rose 8.8% year-on-year to 1.31 trillion yen, while net profit more than doubled to 72.51 billion yen. Furukawa Electric raised its year-end dividend for the previous year to 210 yen on a pre-split basis, up 50 yen from its prior forecast, and set the annual dividend forecast for the current year at 220 yen on the same basis. The 10-for-1 stock split will take effect on July 1, with a record date of June 30, resulting in a post-split annual dividend forecast of 22 yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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