Furukawa Electric Co., Ltd. (5801) said on Sept. 24 it will sell shares in UACJ Corp., booking an expected gain of about ¥22.0 billion, and raised its first-half net profit forecast for the fiscal year ending March 2027 to ¥58.0 billion from ¥42.5 billion.
The company, listed on the Tokyo Stock Exchange Prime Market, said it will sell a portion of its listed securities, consisting of shares in one company, UACJ Corp., on Sept. 25, 2026, for an estimated ¥28.6 billion. The sale is aimed at reducing strategic shareholdings and securing funds for growth. The roughly ¥22.0 billion gain on sale of investment securities will be booked as an extraordinary gain.
Furukawa Electric had originally planned to book the gain in the third quarter or later, but brought the sale forward to the second quarter after considering market conditions and share price trends, prompting a revision of the first-half forecast announced on Aug. 6. The net profit forecast was raised by ¥15.5 billion, or 36.5%. Forecasts for net sales, operating profit and ordinary profit were unchanged, and the full-year forecast was not revised.
| Item (¥ million) | Previous | Revised | H1 FY3/2026 actual |
|---|---|---|---|
| Net sales | 720,000 | 720,000 | 610,658 |
| Operating profit | 49,500 | 49,500 | 19,134 |
| Ordinary profit | 60,500 | 60,500 | 20,279 |
| Net profit attributable to owners of parent | 42,500 | 58,000 | 12,852 |
| EPS (yen) | 60.41 | 82.45 | 18.25 |
Prior-year figures reflect the finalization of provisional accounting for a business combination. EPS is calculated assuming a 10-for-1 stock split, effective July 1, 2026, took place at the start of the previous fiscal year.
The UACJ share sale is scheduled for Sept. 25, 2026, with the gain to be booked in the second quarter of the fiscal year ending March 2027.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
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