Latest Tokyo Brief coverage on Furukawa Electric Co., Ltd., tracking filings, financial news, and market signals from Japan.
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Furukawa Electric sold part of its UACJ stake for about ¥28.3bn on September 25, booking a ¥21.7bn gain that was already priced into the previous day's revised interim forecast, leaving full-year guidance unchanged.
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.
Optical-cable and connector demand tied to data-center buildouts pushed Furukawa Electric to raise its full-year operating profit target by ¥28.0bn, to ¥123.0bn, and its interim profit forecast by ¥14.5bn.
Furukawa Electric will spend roughly ¥100bn in the US, Brazil, Japan and India to nearly double its rollable ribbon-cable capacity for hyperscale data centers, with customer purchase commitments already in hand but revenue and profit impact not showing up until production ramps from late 2028.
Current holdings disclosed by tracked funds.