Furukawa Electric to Sell Entire UACJ Stake, Pulls Forward ¥22bn Gain
Furukawa Electric plans to sell its entire roughly 7% UACJ stake for about ¥28.6bn, moving the sale and its estimated ¥22bn special gain into the current half from a previously expected later booking, lifting half-year profit guidance 36.5% while sales and operating-profit forecasts stay flat.