Furukawa Electric (5801) Q1 2027 earnings summary

Executive summary

• Achieved record Q1 net sales and profits at all profit levels since FY2001, driven by strong demand for data center-related products.

• Net sales for the first three months ended June 30, 2026, rose 24.3% year-over-year to ¥365,221 million.

• Operating profit surged 205.4% year-over-year to ¥25,457 million, and ordinary profit increased 304.0% to ¥30,953 million.

• Profit attributable to owners of parent jumped 335.0% year-over-year to ¥22,229 million.

• Comprehensive income for the quarter was ¥35,766 million, up 582.2% year-over-year.

Financial highlights

• Net sales reached JPY 365.2 billion, up 24% year-over-year.

• Operating profit was JPY 25.5 billion, a 205% increase year-over-year.

• Ordinary profit rose to JPY 31.0 billion, up 304% year-over-year.

• Profit attributable to owners of parent was JPY 22.2 billion, up 335% year-over-year.

• Basic earnings per share for the quarter was ¥31.60, up from ¥7.25 year-over-year, reflecting a 10-for-1 stock split.

Outlook and guidance

• FY26 net sales forecast revised up to JPY 1,530.0 billion (+5% from previous forecast).

• Operating profit forecast raised to JPY 123.0 billion (+29%).

• Ordinary profit forecast increased to JPY 143.0 billion (+43%).

• Profit attributable to owners of parent forecast at JPY 105.0 billion (+28%).

• Full-year FY27 net sales forecast at ¥1,530,000 million, up 17.0% year-over-year.