5801
Furukawa Electric Co., Ltd.
古河電気工業株式会社
Nonferrous Metals
Furukawa Electric Co., Ltd. manufactures and sells communications, energy, automotive and batteries products, and electronic components worldwide. It operates through Infrastructure, Electrical and Electronic, Functional Products, and Services and Developments segments. The company offers telecommunications products, such as broadband systems, routers/network equipment, industrial infrastructure systems, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical active component, and metal communication cables, as well as wiring materials. It also offers energy products, including power cables, cable-related equipment/connection and terminal products, industrial machine-related equipment, fire-prevention products, electrical conductors, power distribution products, and cable conduit materials; and automobile products comprising wire harnesses, connectors, functional products and materials, and interior finishing materials. In addition, the company provides electronics parts materials, fluorescent lamps, LED reflectors, and tapes, as well as healthcare products, such as shape memory/super-elastic alloys; construction products, including water distribution piping and fluid transport piping products, heat insulators, and cable-related equipment/connection and terminal products, as well as power distribution and fire-prevention products; superconducting cables; detection solutions for internal medical devices; and maintenance/inspection support solutions for roadside equipment. Furukawa Electric Co., Ltd. was founded in 1884 and is headquartered in Chiyoda, Japan.
Price
¥52,060
Market Cap
¥3.7T
Ent. Value
¥3.9T
Net Debt
−¥244.7B
Shares Out.
70.5M
P / E
109.9×
EV / EBIT
83.2×
P / Book
10.75×
P / NCAV
N/M
Div. Yield
0.23%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥1,201.8B | ¥1,056.5B | ¥1,066.3B | ¥930.5B |
| Cost of Sales | ¥1,000.0B | ¥897.5B | ¥909.6B | ¥791.8B |
| Gross Profit | ¥201.7B | ¥159.0B | ¥156.7B | ¥138.7B |
| SG&A | ¥154.6B | ¥147.8B | ¥141.3B | ¥127.3B |
| Operating Income | ¥47.1B | ¥11.2B | ¥15.4B | ¥11.4B |
| Non-Operating Income | ¥16.3B | ¥11.9B | ¥13.4B | ¥14.5B |
| Dividend Income | ¥2.2B | ¥1.1B | ¥1.4B | ¥1.6B |
| Interest Income | ¥1.2B | ¥1.9B | ¥1.1B | ¥549M |
| Non-Operating Expenses | ¥14.8B | ¥12.8B | ¥9.2B | ¥6.3B |
| Interest Expense | ¥9.2B | ¥9.2B | ¥6.3B | ¥3.4B |
| Ordinary Income | ¥48.6B | ¥10.3B | ¥19.6B | ¥19.7B |
| Pre-tax Income | ¥54.1B | ¥20.1B | ¥30.3B | ¥20.4B |
| Income Taxes | ¥16.8B | ¥11.6B | ¥10.7B | ¥7.2B |
| Current Tax | ¥18.6B | ¥9.3B | ¥9.5B | ¥5.7B |
| Deferred Tax | ¥-1.8B | ¥2.3B | ¥1.2B | ¥1.5B |
| Net Income (owners) | ¥33.4B | ¥6.5B | ¥17.9B | ¥10.1B |
| Minority Interest | ¥4.0B | ¥2.0B | ¥1.7B | ¥3.1B |
| Comprehensive Income | ¥55.5B | ¥35.0B | ¥30.1B | ¥27.8B |
| EBITDA | ¥88.4B | ¥50.3B | ¥54.9B | ¥45.7B |
| Goodwill Amort. (J-GAAP) | ¥70M | ¥160M | ¥358M | ¥505M |
| EPS | ¥473.49 | ¥92.40 | ¥254.45 | ¥143.40 |
| Shares Outstanding | 70.5M | 70.5M | 70.5M | 70.5M |
| Shares Issued (total) | 70.7M | 70.7M | 70.7M | 70.7M |
| Treasury Shares | 0.1M | 0.1M | 0.1M | 0.1M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥987.0B | ¥985.0B | ¥934.8B | ¥935.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥556.4B | ¥517.8B | ¥486.8B | ¥503.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥60.0B | ¥48.9B | ¥47.4B | ¥65.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥260.6B | ¥245.7B | ¥229.6B | ¥230.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥430.6B | ¥467.2B | ¥448.0B | ¥432.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥277.0B | ¥278.6B | ¥269.3B | ¥260.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥1.5B | ¥50M | ¥211M | ¥573M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥22.9B | ¥20.3B | ¥20.2B | ¥20.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥98.8B | ¥131.7B | ¥120.9B | ¥116.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥6.7B | ¥8.6B | ¥9.4B | ¥7.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥613.7B | ¥627.0B | ¥603.8B | ¥621.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥394.5B | ¥400.9B | ¥381.0B | ¥379.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥136.7B | ¥128.8B | ¥125.4B | ¥128.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥153.3B | ¥137.4B | ¥141.3B | ¥115.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥13.3B | ¥4.5B | ¥4.7B | ¥2.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥219.2B | ¥226.1B | ¥222.8B | ¥242.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥151.4B | ¥160.2B | ¥154.5B | ¥173.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥31.6B | ¥29.2B | ¥38.2B | ¥43.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥373.3B | ¥358.0B | ¥331.0B | ¥314.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥69.4B | ¥69.4B | ¥69.4B | ¥69.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥23.9B | ¥23.2B | ¥23.2B | ¥23.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥198.8B | ¥192.9B | ¥188.8B | ¥174.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-651M | ¥-691M | ¥-871M | ¥-901M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥49.9B | ¥43.4B | ¥23.0B | ¥13.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥291.5B | ¥284.7B | ¥280.6B | ¥266.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥31.9B | ¥29.9B | ¥27.4B | ¥34.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥304.6B | ¥297.5B | ¥295.8B | ¥288.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-244.7B | ¥-248.6B | ¥-248.4B | ¥-223.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-57.2B | ¥-109.2B | ¥-117.0B | ¥-118.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-811 | ¥-1,548 | ¥-1,659 | ¥-1,685 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥4,132 | ¥4,036 | ¥3,977 | ¥3,771 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥59.8B | ¥31.9B | ¥36.5B | ¥-13.3B |
| Taxes Paid | ¥-8.9B | ¥-11.1B | ¥-6.5B | ¥-6.9B |
| Interest Paid | ¥-8.9B | ¥-9.3B | ¥-6.4B | ¥-3.4B |
| Interest Received | ¥6.1B | ¥6.5B | ¥5.3B | ¥2.5B |
| D&A | ¥41.3B | ¥39.0B | ¥39.1B | ¥33.7B |
| Goodwill Amort. | ¥70M | ¥160M | ¥358M | ¥505M |
| Investing CF | ¥-7.2B | ¥-24.8B | ¥-21.7B | ¥-40.1B |
| CapEx | ¥36.7B | ¥36.4B | ¥35.9B | ¥36.5B |
| Purchase Investments | ¥-9.5B | ¥-691M | ¥-1.2B | ¥-2.4B |
| Financing CF | ¥-44.1B | ¥-9.3B | ¥-34.5B | ¥35.0B |
| Dividends Paid | ¥-4.2B | ¥-5.6B | ¥-4.2B | ¥-4.2B |
| Share Buybacks | — | — | ¥-1M | ¥-359M |
| LT Debt Repaid | ¥-59.5B | ¥-25.4B | ¥-13.0B | ¥-24.8B |
| Free Cash Flow | ¥23.1B | ¥-4.5B | ¥638M | ¥-49.8B |
| Net Change in Cash | ¥11.7B | ¥798M | ¥-16.9B | ¥-20.1B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 10.0% | 2.1% | 6.2% | 3.7% |
| ROA | 3.4% | 0.7% | 1.9% | 1.1% |
| EPS | ¥473.49 | ¥92.40 | ¥254.45 | ¥143.40 |
| DPS | ¥120.00 | ¥60.00 | ¥80.00 | ¥60.00 |
| BPS | ¥4,844.96 | ¥4,656.93 | ¥4,312.07 | ¥3,967.08 |
| FCF/Share | ¥327 | ¥-64 | ¥9 | ¥-705 |
| NCAV/Share | ¥-811 | ¥-1,548 | ¥-1,659 | ¥-1,685 |
| Payout Ratio | 25.3% | 64.9% | 31.4% | 41.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 47
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-12
14:00
|
Div Increase | ¥14.8B ¥210.0/sh +75% | Furukawa Electric announced FY2026 (ending Mar 31, 2026) full-year dividend increase of 210 yen per share, up 50 yen fro… | |
|
Summary
Furukawa Electric announced FY2026 (ending Mar 31, 2026) full-year dividend increase of 210 yen per share, up 50 yen from prior forecast of 160 yen, representing a 31% increase versus prior year's 120 yen. The company simultaneously introduced a new dividend policy using DOE (Dividend on Equity) targeting 3.5% for FY2026-FY2030, representing a shift from the prior 30% payout ratio guideline.
Deadline: 2026-06-29
YoY: +75%
Source (JP)
2026年3月期の期末配当金につきましては、当期の業績等を踏まえ、従来予想の1株当たり160円から50円増配し、1株当たり210円の配当を行うことといたしました。
2026 年3月期 通期業績予想と実績との差異、剰余金の配当および配当方針の変更に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
12,293,400 | 17.41% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
5,004,150 | 7.09% |
| 3 |
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
|
1,697,600 | 2.40% |
| 4 | JPモルガン証券株式会社 | 1,524,557 | 2.16% |
| 5 |
Asahi Mutual Life Insurance
朝日生命保険相互会社
|
1,365,050 | 1.93% |
| 6 | 株式会社みずほ銀行 | 1,206,873 | 1.71% |
| 7 |
Custody Bank of Japan, Ltd. (Trust Account)
みずほ信託銀行株式会社 退職給付信託 みずほ銀行口 再信託受託者 株式会社日本カストディ銀行
|
1,206,800 | 1.71% |
| 8 | モルガン・スタンレーMUFG証券株式会社 | 1,149,780 | 1.63% |
| 9 |
Custody Bank of Japan, Ltd. (Trust Account)
みずほ信託銀行株式会社 退職給付信託 朝日生命保険口 再信託受託者 株式会社日本カストディ銀行
|
1,050,000 | 1.49% |
| 10 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505223
|
951,307 | 1.35% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
27.7%
-6.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.4%
+1.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
9.8%
-1.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 38.9% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 16.75% | 16.40% | 17.41% +1.01% | |
| Japan Custody Bank 日本カストディ銀行 | 15.57% | 17.32% | 10.29% -7.03% | |
| Nomura Trust & Banking 野村信託銀行株式会社(投信口) ↑ | 1.52% | 1.73% | 2.40% +0.67% | |
| JPモルガン証券 NEW ENTRY | — | — | — | 2.16% NEW |
| Asahi Mutual Life Insurance 朝日生命保険相互会社 | 1.93% | 1.93% | 1.93% | |
| みずほ銀行 NEW ENTRY | — | — | — | 1.71% NEW |
| Morgan Stanley NEW ENTRY | — | — | — | 1.63% NEW |
| State Street NEW ENTRY | — | — | — | 1.35% NEW |
| BNYMSANV AS AGENT/ CLIENTS LUX UCITS NON TREATY 1 last seen 2024 | Exited Top 10 | 4.47% | 5.30% | — |
| FURUKAWA CO.,LTD. 古河機械金属 last seen 2024 | Exited Top 10 | 1.88% | 1.88% | — |
| DFA INTL SMALL CAP VALUE PORTFOLIO last seen 2023 | Exited Top 10 | 1.83% | — | — |
| Concentration (HHI) ⓘ | 556 | 607 | 431 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥48,454M
+152% since 2023
Holdings
17
+3 new
5 exited
Trend
5 unwinding
vs 2023
| Held Company | FY2025 ¥48,454M total | FY2023 ¥19,199M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
UACJ Corporation
㈱UACJ
|
30,702 |
NEW
New
6,436,500
|
— | ||
|
AICHI ELECTRIC CO.,LTD.
愛知電機㈱
|
2,420 |
565,540
|
2,041 | 565,540 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
2,330 |
575,200
|
1,080 | 575,200 | M |
|
The Yokohama Rubber Company,Limited
横浜ゴム㈱
|
1,942 |
564,366
|
1,578 | 564,366 | M |
| PT SUPREME CABLE MANUFACTURING COMMERCE Tbk | 1,811 |
+300.0%
↑
97,102,560
|
1,814 | 24,275,640 | |
|
ADEKA CORPORATION
㈱ADEKA
|
1,376 |
511,792
|
1,155 | 511,792 | M |
|
FURUKAWA CO.,LTD.
古河機械金属㈱
|
1,284 |
-30.0%
↓
614,727
|
1,120 | 877,727 | M |
|
ZEON CORPORATION
日本ゼオン㈱
|
1,243 |
-54.6%
↓
831,500
|
2,562 | 1,831,500 | M |
|
East Japan Railway Company
東日本旅客鉄道 ㈱ (注)
|
1,107 |
NEW
New
375,000
|
— | ||
|
Inaba Denki Sangyo Co., Ltd.
因幡電機産業㈱
|
1,045 |
275,200
|
795 | 275,200 | M |
|
Asahi Seiki Kogyo Co., Ltd.
旭精機工業㈱
|
926 |
455,800
|
1,094 | 455,800 | |
|
The Shibusawa Warehouse Co.,Ltd.
澁澤倉庫㈱
|
658 |
-9.0%
↓
203,360
|
496 | 223,360 | M |
|
NIPPON DENSETSU KOGYO CO.,LTD
日本電設工業㈱
|
646 |
307,871
|
487 | 307,871 | M |
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業㈱
|
543 |
-16.7%
↓
625,000
|
773 | 750,000 | M |
|
TOKAI Holdings Corporation
㈱TOKAIホールディングス
|
373 |
-58.7%
↓
380,000
|
803 | 920,000 | M |
|
Aidemy Inc.
㈱アイデミー
|
48 |
NEW
New
76,900
|
— | ||
| Nuburu Inc | — | — | |||
| Transphorm Inc | — |
−100%
Exit
—
|
68 | 129,132 | |
|
East Japan Railway Company
東日本旅客鉄道 ㈱
|
— |
−100%
Exit
—
|
1,833 | 250,000 | |
|
FUJI ELECTRIC CO., LTD.
富士電機㈱
|
— |
−100%
Exit
—
|
1,080 | 207,775 | M |
| LONGWELL COMPANY | — |
−100%
Exit
—
|
252 | 839,678 | |
|
FUJITSU LIMITED
富士通㈱
|
— |
−100%
Exit
—
|
168 | 9,466 | M |
| Portfolio total | 48,454 | 19,199 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding