Furukawa Denki Kogyo KK

5801

Equity

ISIN JP3827200001 / Valor 761866

Tokyo Stock Exchange (2024-11-21)

JPY 6,225.00+2.81%

Furukawa Denki Kogyo KK
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About company

Furukawa Denki Kogyo KK, originally established as a manufacturer of electrical cables and non-ferrous metals, has diversified its business operations to include telecommunications, electronics, new materials, and automotive parts and components. The company has evolved to meet contemporary demands, leveraging its expertise in these areas to provide a wide range of products and services. This strategic expansion reflects Furukawa Denki Kogyo KK's commitment to innovation and adaptation in a rapidly changing technological landscape.

Summarized from source with an LLMView SourceSector: Technology

Income Growth

Furukawa Denki Kogyo KK reported a significant increase in income for Q1 of FY2024. The net sales reached JPY273.6 billion, marking a year-over-year (YoY) increase. This growth in income is attributed to higher sales across all segments, except for the Service and Developments segment.

Operating Profit

For Q1 of FY2024, Furukawa Denki Kogyo KK achieved an operating profit of JPY3.5 billion. This represents a positive shift from the previous year, with improvements noted in most segments. The increase in operating profit was driven by higher sales and favorable foreign exchange effects due to yen depreciation.

Ordinary Profit

Furukawa Denki Kogyo KK's ordinary profit for Q1 of FY2024 was JPY7.1 billion. This increase was mainly due to a higher share of profit from entities accounted for using the equity method, particularly related to UACJ. The ordinary profit also benefited from the overall rise in operating profit.

Profit Attributable to Owners

The profit attributable to owners of the parent company for Q1 of FY2024 was JPY4.7 billion. This figure reflects a YoY increase, supported by the overall growth in net sales and operating profit. The recognition of deferred tax assets from tax effect accounting also contributed to the increase in profit.

Full-Year Forecast

Furukawa Denki Kogyo KK has maintained its full-year operating profit forecast for FY2024 at JPY25.0 billion. The company expects H1 to account for 30% of the total annual profit and H2 to account for 70%. The Q1 results have been favorable, with progress aligning well with the full-year forecast.

Summarized from source with an LLMView Source

Key figures

160%1Y

150%3Y

112%5Y

Performance

51.8%1Y

36.1%3Y

34.5%5Y

Volatility