Furukawa Electric Co., Ltd.
Notice regarding the expected recording of gains on sale of marketable securities and extraordinary income, and revisions to the consolidated earnings forecast for the second quarter of the fiscal year ending March 2027
Plans to recognize gains on sale of marketable securities through disposal of a portion of listed securities. Revised consolidated earnings forecast for the second quarter of the fiscal year ending March 2027: net sales unchanged at 720,000 million yen, operating income 49,500 million yen, ordinary income 60,500 million yen, and net income attributable to owners of the parent for the interim period raised to 58,000 million yen. Gains from the sale expected to be about 22 billion yen as extraordinary income.
Key Figures
- Net sales: 720,000 million yen
- Operating income: 49,500 million yen
- Ordinary income: 60,500 million yen
- Net income attributable to owners of the parent for the interim period: 58,000 million yen
- Gains on sale of marketable securities: about 22,000 million yen
- Sale proceeds (expected): about 28,600 million yen
AI要約
Performance highlights
In the today-announced notice, gains from the sale of held marketable securities are expected to be recorded as extraordinary income. Accordingly, the consolidated earnings forecast for the second quarter of the fiscal year ending March 2027 has been revised. Net sales, operating income, and ordinary income are left as previously forecast, but interim net income attributable to owners of the parent and earnings per share are expected to rise. Full-year forecast remains unchanged.
Impact on shareholders and outlook
By bringing forward the timing of recording gains on sale of marketable securities, interim profit levels are improved. The sale targets a single asset, UACJ, with expected proceeds of about 28.6 billion yen and gains of about 22 billion yen. There is no impact on the full-year outlook, and the company indicates continued efforts to secure growth funds and reduce policy holdings.
Furukawa Electric Co., Ltd.
Company overview · Stock price · Financial data · All IR
