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Furukawa Electric Co ( (JP:5801) ) has issued an announcement.
Furukawa Electric Co., Ltd. announced the sale of a portion of its investment securities, expecting to record a gain of approximately 16 billion yen as extraordinary income in the third quarter of the fiscal year ending March 31, 2026. This strategic move aims to enhance asset efficiency and improve the company’s financial position, with the gain already factored into the financial forecasts for the fiscal year.
The most recent analyst rating on (JP:5801) stock is a Buy with a Yen12092.00 price target. To see the full list of analyst forecasts on Furukawa Electric Co stock, see the JP:5801 Stock Forecast page.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. operates in the electrical and electronics industry, focusing on the production and sale of electrical components and systems. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its innovation in electrical solutions.
Average Trading Volume: 7,929,305
Technical Sentiment Signal: Buy
Current Market Cap: Yen698.8B
See more insights into 5801 stock on TipRanks’ Stock Analysis page.