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An update from Furukawa Electric Co ( (JP:5801) ) is now available.
Furukawa Electric Co., Ltd. reported an extraordinary loss in its Q3 financial results due to a defect in a large electrical power project involving a subsidiary. An agreement was reached with the customer to replace the defective cable and cover part of the expenses, resulting in a JPY 4.17 billion provision for product warranties. This financial impact is incorporated into the company’s consolidated results for the fiscal year ending March 31, 2025.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. operates in the electrical equipment industry, specializing in products like cables and wiring solutions. The company is listed on the Tokyo Stock Exchange and focuses on delivering electrical power solutions globally.
YTD Price Performance: 18.44%
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.47B
See more data about 5801 stock on TipRanks’ Stock Analysis page.
