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The latest announcement is out from Furukawa Electric Co ( (JP:5801) ).
Furukawa Electric Co., Ltd. has revised its full-year earnings and dividend forecasts for the fiscal year ending March 31, 2025, reflecting positive trends in business performance. The company anticipates higher net sales and profits due to favorable developments in the automotive and energy infrastructure sectors, alongside strategic shareholding sales and improved foreign exchange gains. Consequently, Furukawa Electric has increased its year-end dividend forecast to JPY120 per share from the previous JPY90 to enhance shareholder returns, in line with its medium-term management plan focusing on growth and corporate value enhancement.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. operates in the electric and electronic equipment industry, focusing on the development and manufacturing of products such as automotive components, power cables, and energy infrastructure solutions. The company primarily targets markets in automotive and energy sectors.
YTD Price Performance: 18.44%
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.47B
Learn more about 5801 stock on TipRanks’ Stock Analysis page.
