5741.JP
Furukawa Electric Raises First-Half Net Profit Forecast to 58 Billion Yen, Booking 22 Billion Yen Gain on UACJ Share Sale
Furukawa Electric said on the 24th that it has revised up its consolidated net profit forecast for the second quarter of the fiscal year ending March 2027, covering April to September, to 58 billion yen, 4.51 times the year-earlier figure, from its previous estimate of 42.5 billion yen. The revision reflects an expected gain of about 22 billion yen on the sale of investment securities, booked as an extraordinary profit, from selling its stake in UACJ as part of efforts to reduce cross-shareholdings. The sale is valued at about 28.6 billion yen and is scheduled for the 25th, aimed at cutting policy shareholdings and securing growth capital. The company had initially planned the sale for the third quarter of the fiscal year ending March 2027 or later, but moved it forward to the second quarter after comprehensively weighing market conditions and share price trends. Its full-year earnings forecast remains unchanged, with net profit projected at 105 billion yen.
5801.JP · Capital · Positive Raises first-half net profit forecast to 58 billion yen, boosted by a ~22 billion yen gain on selling its UACJ stake.
5741.JP · · Neutral Mentioned only as the stake Furukawa Electric is selling; no standalone impact on UACJ is described.