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Fujikura falls further in afternoon session as new mid-term plan fails to attract buyers

Tue May 19, 2026 3:03 pm JST Catalyst

Fujikura Ltd. <5803> extended losses in afternoon trading, falling below the 5,000 yen mark after announcing its three-year mid-term management plan on May 19. The plan targets sales of 1.6 trillion yen for the fiscal year ending March 2029 (compared with a 1.243 trillion yen forecast for the fiscal year ending March 2027) and operating profit of 315 billion yen (compared with 211 billion yen). Fujikura also set a return on equity (ROE) target of 28.5% and a dividend payout ratio of about 40%. However, buying interest following the announcement remained limited. A sharp sell-off in U.S. industry peer Corning the previous day also weighed on the stock, fueling profit-taking. Among cable peers, Furukawa Electric Co., Ltd. <5801> also announced its mid-term policy but traded lower.

Source: MINKABU PRESS

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

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