An update from Furukawa Electric Co ( (JP:5801) ) is now available.
Furukawa Electric Co., Ltd. has announced an expected extraordinary income for the fiscal year ending March 31, 2025, due to a share exchange with FUJI ELECTRIC CO., LTD. This transaction will result in a gain of approximately JPY12.0 billion in non-consolidated results and JPY5.0 billion in consolidated results, impacting the company’s financial outlook and earnings forecast. This financial adjustment has been incorporated into their current earnings forecast, with any revisions to be disclosed promptly.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. operates in the electronics and telecommunications industry, focusing predominantly on producing electrical equipment, cables, and fiber optics. The company plays a significant role in providing essential infrastructure components for modern telecommunications and electrical systems.
YTD Price Performance: 9.65%
Average Trading Volume: 1,250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.23B
For a thorough assessment of 5801 stock, go to TipRanks’ Stock Analysis page.