Furuno Electric Co., Ltd. revised consolidated earnings guidance for the second quarter of the fiscal year ending February 28, 2026. For the period the company expected Net sales of JPY 68,600 million compared to previous guidance of JPY 64,500 million, Operating profit of JPY 9,300 million compared to previous guidance of JPY 6,500 million, Profit attributable to owners of parent of JPY 10,100 million compared to previous guidance of JPY 5,000 million and Basic earnings per share of JPY 319.61 compared to previous guidance of JPY 158.24. Reasons for revision: The consolidated financial results for the second quarter of the fiscal year ending February 2026 are expected to exceed the previous forecast, primarily due to strong performance in the marine business.
In the merchant vessel market, Chinese shipbuilders have been expanding their construction capacity in response to a high level of outstanding orders. This has led to an overall acceleration in delivery schedules, resulting in increased sales of products. In the pleasure boat market, sales of strategic products launched during the current fiscal year have been favorable.
Additionally, front-loaded demand driven by the U.S. tariff hike policy announced in April contributed to stronger-than-expected performance. Furthermore, tax expenses for the interim period are expected to decrease due to the application of the tax incentive program for wage increases and the impact of tax-effect accounting adjustments. As a result of these factors, net sales, operating income, ordinary profit, and profit attributable to owners of parent are all projected to exceed the previous forecast.
