Furuno Electric has raised its forecast for the six months ended 31 August 2026, with operating profit now expected at ¥12.8bn against ¥10bn projected in April, a rise of 28.0%. The marine electronics maker revised the figures on 6 October, after the interim period had already closed, so the numbers are a forecast and not final results.
What moved
Sales are now forecast at ¥79.9bn, up 5.1% from the ¥76bn previously guided. Ordinary profit is put at ¥13.7bn, up 37.0% from ¥10bn. Profit attributable to owners of the parent is forecast at ¥9.9bn, up 23.8% from ¥8bn, and interim earnings per share at ¥313.19 against ¥253.09 before.
| Item | April forecast | Revised forecast | Change (%) |
|---|---|---|---|
| Sales | 76,000 | 79,900 | 5.1 |
| Operating profit | 10,000 | 12,800 | 28.0 |
| Ordinary profit | 10,000 | 13,700 | 37.0 |
| Profit attributable to owners of parent | 8,000 | 9,900 | 23.8 |
The comparison with the prior-year interim period is mixed. Furuno's reference figures show sales of ¥68.65bn and operating profit of ¥9.3bn a year earlier, so the new forecast is higher on both lines. Profit attributable to owners of the parent was ¥10.19bn in that period, above the new ¥9.9bn forecast, and earnings per share were ¥322.48, above the new ¥313.19.
Furuno's explanation
Furuno said exchange rates ran broadly as assumed. The upside came mainly from its marine business, where sales to the merchant-ship market exceeded expectations.
The company attributed this to shipbuilders in China, which it said have expanded building capacity on the back of high order backlogs. That, in Furuno's account, brought forward ship construction schedules, and sales of its products progressed faster than first assumed.
On profit, Furuno cited the sales increase, an improved product mix and what it called price optimisation measures taken so far. Together, it said, these lifted gross margin above its assumption. The notice gives no figure for the margin itself.
What is still open
Furuno has not revised its full-year forecast or its dividend forecast. It said both are under review and will be announced with the interim earnings summary due on 9 October 2026. The notice does not say whether the faster schedules shifted sales out of later periods or added to full-year demand, so the interim beat should not be read as a signal for the year.