Furukawa Electric Co., Ltd. <5801>
Announced a revision of the earnings forecasts for the fiscal year ending March 2025. The revenue was revised upward from 1.080 trillion yen to 1.140 trillion yen, and the operating profit was revised from 25 billion yen to 38 billion yen. The improvement in productivity has progressed against the background of stable orders in the auto parts business. In addition, sales exceeded previous estimates due to increased sales of data center-related products in the functional products business and domestic ultra high pressure, renewable energy-related, and functional line sales in the energy infrastructure business. Also announced a revision of the dividend forecast, with the year-end dividend increasing from the previously estimated 60 yen per share to 30 yen per share, and a total of 90 yen per share.
Nikkote Ceramics Co., Ltd. <5334>
After the earnings reports, the rebound trend has been strengthening, recovering to levels not seen since mid-July. In the weekly Ichimoku chart, the rebound from the lower cloud boundary continues, and it is starting to break above the upper cloud boundary. The lagging span is approaching a crossover with the solid line, indicating an upcoming bullish signal. While there is caution regarding short-term overheating, the year-to-date high of 5362 yen set on April 12 is within reach, indicating that the rebound trend is likely to strengthen further.