Fujikura (5803) investor relations material

Executive summary

• Achieved record first-quarter profit at every level, with net sales for the quarter ended June 30, 2026, rising 50.1% year-over-year to ¥402,009 million.

• Operating profit surged 155.1% year-over-year to ¥104,828 million, driven by robust data center demand, especially in Telecommunication Systems.

• Profit attributable to owners of parent increased 156.8% year-over-year to ¥80,434 million.

• Hydrogen procurement risk eased, with minimal impact due to inventory utilization.

• Comprehensive income grew 190.5% year-over-year to ¥86,296 million.

Financial highlights

• Net sales reached ¥402.0 billion, up ¥134.1 billion (150%) year-over-year.

• Operating profit rose to ¥104.8 billion, up ¥63.7 billion (255%) year-over-year.

• Profit attributable to owners of parent was ¥80.4 billion, up ¥49.1 billion (257%) year-over-year.

• Gross profit for the quarter was ¥148,960 million, up from ¥73,384 million a year earlier.

• Net profit per share increased to ¥48.58 from ¥18.92 year-over-year, reflecting a 6-for-1 share split.

Outlook and guidance

• Full-year net sales forecast raised to ¥1,755.0 billion and operating profit to ¥432.0 billion, up 48.4% and 128.9% year-over-year, respectively.

• Profit attributable to owners of parent is forecast at ¥326,000 million, up 107.4% year-over-year.

• Net profit per share for the full year is expected to be ¥196.88.

• Forecasts revised upward due to strong order intake and improved visibility for large optical component projects.

• Exchange rate assumption for FY2026 Q2 onward set at ¥160/USD; a ¥1 change impacts operating profit by ¥2.7 billion.