Furukawa Electric Co., Ltd.'s stock price rose 6.4% from the previous day to 3,844 yen on September 4, with a PBR of 6.19 times. It is still more than 10% below the 4,368 yen level of August 18. The company conducted a 1-for-10 stock split in July 2026, and the stock price is at the level after that. A PBR of 6 times is high for the non-ferrous metals industry, and with an equity ratio of 39.1%, below the industry median of 53.3%, a thin denominator is one factor. According to the first quarter financial results for the fiscal year ending March 2027, sales were 365.2 billion yen, operating profit was 25.4 billion yen, ordinary profit was 30.9 billion yen, and net profit attributable to parent company shareholders was 22.2 billion yen. The full-year plan has been raised from 95 billion yen to 123 billion yen for operating profit, and from 1.46 trillion yen to 1.53 trillion yen for sales. Compared to the previous fiscal year, sales are expected to increase by 17.0% and operating profit by 92.6%, but the first quarter progress is only about 20%, indicating a plan weighted toward the second half. The main reasons for the revenue increase are optical fiber, wire harnesses, and the surge in copper cathode prices. By segment, infrastructure saw a sharp increase in operating profit of 276.1%, and capital investment was also the largest at 25.4 billion yen. On the other hand, the electrical and electronics segment has the largest sales composition ratio at 57.8%, but its profit margin is low at 4.48%, while functional products have a high profit margin of 10.20%.
Furukawa Electric Co., Ltd.Furukawa Electric raised its full-year operating profit plan from 95 billion to 123 billion yen and sales to 1.53 trillion yen, driving the 6.4% share surge.
