Furukawa Electric Reports Profitable First Quarter

Furukawa Electric Co (JP:5801) has released an update.

Furukawa Electric Co., LTD. reports a positive first quarter with net sales up by 11% from the previous year, reaching 273,561 million yen, and a significant turnaround in profits with profit attributable to owners at 4,676 million yen. The company maintained a steady equity capital ratio of 31.8% and forecasted a consistent yearly dividend of 60 yen per share. No major changes in accounting policies were noted, except for the adoption of new tax accounting standards.

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