Furukawa Electric (5801) Q4 2026 earnings summary

Executive summary

• FY25 net sales rose to JPY 1,307.6 billion, up 36% YoY, with profit attributable to owners surging 117% YoY, driven by strong demand for data center-related products and all segments exceeding forecasts.

• Operating profit increased 36% YoY to JPY 63.9 billion, surpassing forecasts and achieving 2025 Mid-term Plan targets.

• Comprehensive income grew 53.8% YoY to JPY 85.4 billion.

• FY26 forecasts anticipate continued growth, especially from data center products, with mass production of new modules planned.

Financial highlights

• FY25 net sales: JPY 1,307.6 billion (+36% YoY); operating profit: JPY 63.9 billion (+36% YoY); profit attributable to owners: JPY 72.5 billion (+117% YoY).

• FY26 net sales forecast: JPY 1,460.0 billion (+12% YoY); operating profit: JPY 95.0 billion (+49% YoY); profit attributable to owners: JPY 82.0 billion (+13% YoY).

• Ordinary profit rose 56.4% YoY to JPY 75.9 billion.

• Basic earnings per share increased to JPY 1,030.17; FY26 forecast post-stock split: JPY 116.56.

• Return on equity improved to 19.1% from 10.0% YoY.

Outlook and guidance

• FY26 expects robust demand for data center products, with new water-cooled modules entering mass production.

• FY26 guidance excludes potential impacts from Middle East tensions due to uncertainty in raw material and transportation costs.

• Forecasts are based on current assumptions and may differ materially due to future factors.