First Read: Furukawa Electric "Holds IR Day, displays confidence in..."

Research evidence excerpt

First Read: Furukawa Electric "Holds IR Day, displays confidence in..."

Global Research

4 June 2026ab

First Read

EquitiesFurukawa Electric

Holds IR Day, displays confidence in achieving Japan

2030 Vision targets Non-Ferrous Metals

12-month rating Neutral

12m price target ¥52,900

Holds IR Day event (Day 1) on 4 June. Energy infrastructure and digital

infrastructure components

The IR event being held as usual included the presentation of strategies for two Price (04 Jun 2026) ¥51,100

segments based on Vision 2030, which was released in May 2026. In both segments the RIC: 5801.T BBG: 5801 JP

company is working to expand capacity through large-scale investment (already

Trading data and key metrics

announced), with the primary objective of capturing rapidly growing demand.

Management emphasized that, given industry-wide supply shortages, enhancing its 52-wk range ¥60,140-6,559

own supply capacity is more important than focusing on competitive relationships, as Market cap. ¥3,595b/US$22.5b

increased production would directly lead to higher sales and OP. The market for the time Shares o/s 70.3m (ORD)

being appears likely to price in earnings growth based on the plan for expanding Free float 92%

capacity. Confirmation of quarterly progress in the thermal operations, where the Avg. daily volume ('000) 7,033

company is working to drive an unprecedented rapid expansion in scale, appears likely Avg. daily value (m) ¥282,774.6

to become a factor impacting swings in expectations. Common s/h equity (03/27E) ¥485b

P/BV (03/27E) 7.4x

Digital infrastructure components: a comprehensive expansion strategy for Net debt to EBITDA (03/27E) 2.1x

AIDC

EPS (reported, basic) (¥)

The company plans FY3/27 OP in the digital infrastructure components segment rising

UBS Cons.