Furuno Electric Co., Ltd. · TSE:6814
Furuno Electric — Q2 FY2026 Earnings Presentation
28 slides from Furuno Electric's earnings presentation, Oct 9, 2026
Slide 1: Financial Result Briefing Materials
2nd Quarter of Fiscal Year 2026 (Ending February 28, 2027) Financial Result Briefing Materials October 9, 2026 FURUNO ELECTRIC CO., LTD. Cautions: This document is a translation of the Japanese original, which is authoritative. The information listed in these materials regarding the Company’s foreca
Slide 2: Summary of 2nd Quarter of FY2026
Summary of 2nd Quarter of FY2026 ◆Net Sales: Increase ➢ In Marine business, sales continue to grow, primarily driven by the Chinese market ➢ In Industrial business, sales of ITS, GNSS, and Defense equipment are growing ➢ In Wireless LAN systems business, sales increase with rise in projects for educ
Slide 3: Consolidated Income Statement
Consolidated Income Statement Strong demand in Marine business, sales increase in Industrial business and Wireless LAN. Higher gross profit drove operating profit growth despite increased R&D and HR investments. FY2025 FY2026 Year-over-Year Year-over-Year (Unit: Millions of yen) 2nd Quarter 2nd Quar
Slide 4: Variation Analysis of Net Sales
Variation Analysis of Net Sales Marine business revenue increased on forex and higher equipment sales, particularly in China. Industrial business revenue increased on higher sales of ITS, GNSS, and Defense equipment. 85 (Unit: Billions of Yen) Other Business Industrial Marine Business Business -0.0
Slide 5: Variation Analysis of Gross Profit
Variation Analysis of Gross Profit Marine business profit increased on sales growth and favorable foreign exchange. Industrial business profit increased on higher sales of ITS, GNSS, and defense equipment. 40 (Unit: Billions of Yen) Others +0.0 35 Healthcare Wireless ITS, GNSS Defense Sales LAN Syst
Slide 6: Variation Analysis of Operating Profit
Variation Analysis of Operating Profit Operating profit increased significantly as revenue growth across all businesses outweighed higher SG&A expenses from growth investments 20 (Unit: Billions of Yen) 15 Others Wireless Industrial Gross Profit Personnel LAN Business Increase Expenses Other Systems
Slide 7: Overview of Marine Business
Overview of Marine Business “B” stands for Billion Marine Business Consolidated Sales (by Region) Marine Business (Unit: Billions of Yen) Net Sales 67.8B yen (+13.0% year-over-year) Japan ■Japan ■AmericasAmericas ■Europe ■AsiaEurope ■Other 80 Segment Profit 12.2B yen (+2.7B yen) ⚫ Strong demand for
Slide 8: Overview of Industrial Business
Overview of Industrial Business “B” stands for Billion Industrial Business Consolidated Sales (by Product) Industrial Business (Unit: Billions of Yen) Net Sales 9.3B yen (+34.3% year-over-year) 15 ■ITS, GNSS ■Healthcare Segment Profit 0.8B yen (+0.6B yen) ■Defense Equipment ■Wireless LAN Systems ⚫ S
Slide 9: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet (Unit: Millions of yen) FY2025 2nd Quarter FY2026 Current assets 102,496 109,945 (Cash and deposits) (24,283) (26,458) (Inventories) (45,056) (48,212) Fixed assets 38,868 39,608 (Tangible fixed assets) (17,957) (18,400) (Intangible fixed assets) (6,644) (6,453) (
Slide 10: Forecast for FY 2026: Upward Revision
Forecast for FY 2026: Upward Revision Strong market conditions expected to drive sales growth, led by Marine business. Higher sales expected to offset rising component costs, driving record-high revenue and profit. (Unit: Millions of yen) FY 2025 FY 2026 FY 2026 Revision Result Previous Forecast Rev
Slide 11: Forecast Revision of Net Sales
Forecast Revision of Net Sales Marine business revenue expected to increase significantly on solid demand and revised FX assumptions. Full-year forecasts for Industrial and Wireless LAN businesses raised on first-half outperformance, while second-half performance expected to remain in line with init
Slide 12: Forecast Revision of Operating Profit
Forecast Revision of Operating Profit Operating profit expected to reach JPY 21 billion, as sales growth, led by Marine business. Favorable FX effects more than offset higher component costs and SG&A expenses. 25 (Unit: Billions of Yen) 2nd half: Gap due to revision of forecast +1.1 1st half: Gap be
Slide 13: Appendix: Trends in Financial Condition
Appendix: Trends in Financial Condition (Millions of yen) (*: yen) FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Net Sales 78,674 79,050 82,108 83,066 82,255 84,783 91,325 114,850 126,953 140,616 Operating Profit 1,534 1,992 4,771 2,411 3,740 2,532 1,523 6,521 13,181 16,246 O
Slide 14: Appendix: Trends in Financial Condition
Appendix: Trends in Financial Condition (Millions Net Sales OP Margin ROE ROIC of yen) 160,000 16% 25% 20% 120,000 12% 15% 80,000 8% 10% 40,000 4% 5% 0 0% 0% FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Equity Ratio (Yen) EPS Dividend per Share
Slide 15: Topics
Topics FURUNO ELECTRIC CO., LTD. All Rights Reserved. 15
Slide 16: Topics: KENKO Investment for Health certification
Topics Certified as a KENKO Investment for Health stock and for 8 consecutive years as a “Health and Productivity Management Organization (White 500)” Under its management philosophy, FURUNO promotes initiatives to enhance employee health awareness and foster a workplace environment where every empl
Slide 17: Topics: MoU signed with Icom
Topics MoU signed with Icom to launch Radio and Radar collaboration FURUNO and Icom Incorporated signed a Memorandum of Understanding (MoU) on May 13, 2026, regarding the commencement of collaboration in the fields of radio communication equipment and radar. The purpose of this MoU is to facilitate
Slide 18: Topics: Blue Carbon Creation collaboration
Topics Asahi Tanker Co., Ltd. and the Yamaguchi Prefecture Fisheries Cooperative Association have begun collaborating to promote “Blue Carbon Creation” Promoting the visualization of the marine environment through the use of ultrasound technology FURUNO has recently launched a partnership with Asahi
Slide 19: Topics: Autonomous ships certified in MEGURI2040 Stage 2
Topics Four demonstration vessels obtain Japanese government certification as autonomous ships in MEGURI2040 Stage 2 FURUNO announced that, in Stage 2 of the Fully Autonomous Ship Project “MEGURI2040”, promoted by The Nippon Foundation, all four demonstration vessels passed ship inspections conducte
Slide 20: Topics: Llamarine maritime language model
Topics Research findings on “Llamarine,” an open-source large language model specialized for the maritime industry, were presented at the “Japan Society of Naval Architecture and Ocean Engineering Autumn Conference” [DX] New AI Platform Supporting Digital Transformation in the Maritime Industry Unve
Slide 21: Topics: RCB-100 GNSS Receiver launch
Topics RCB-100 GNSS Receiver for Industry-Standard Time Synchronization to Be Launched Making Base-Station-Grade GNSS Time Synchronization More Accessible FURUNO plans to launch the RCB-100 in November 2026. The RCB-100 is a new GNSS receiver for time synchronization that adopts an industry-standard
Slide 22: Topics: Live LEO PNT signal reception from Xona Pulsar
Topics Japan’s First*¹ Reception of Live LEO PNT Signals from Xona’s Pulsar Satellite Pulsar Signal Reception Confirmed Even in a GNSS Spoofing Test Environment In June 2026, FURUNO successfully received signals in Nishinomiya, Japan, transmitted from a satellite of Pulsar, a next- generation low Ea
Slide 23: Topics: Sea to the Future Project
Topics ❝Sea to the Future❞ Project FURUNO promotes ocean awareness and conservation through educational activities and technology under its “Sea to the Future” Project. Ocean City Yokohama Umi Expo 2026 Osakana School: Summer 2026 As part of the “Sea to the From July 22 to September 6, 2026, Future”
Slide 24: FURUNO's Business Outline
FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 24
Slide 25: Appendix: Corporate Outline
Appendix: Corporate Outline Since commercializing the world's first Fish Finder in 1948, FURUNO has supplied many types of products for the marine electronics market. By using its exclusive knowledge of ultrasonic and electronics technologies, FURUNO has developed a wide array of products that have
Slide 26: Appendix: FURUNO's Business Domains
Appendix: FURUNO’s Business Domains FURUNO ELECTRIC CO., LTD. All Rights Reserved. 26
Slide 27: Appendix: FURUNO's Marine Business
Appendix: FURUNO’s Marine Business For Merchant For Fishing Vessels Vessels Radar Sonar Fish Finder ECDIS Satellite (Electronic Chart Display Communications Current Radiotelephone and Information System) Equipment Indicator For Pleasure For Work Boats Boats Multi-Function Multi-Function Radar Radar
Slide 28: Appendix: FURUNO's Industrial Business
Appendix: FURUNO’s Industrial Business ITS・GNSS Healthcare ETC, Vehicle Clinical Chemistry ETC2.0 / ETC * Management Analyzer & Reagent Solution* GPS / GNSS Chips & Modules Ultrasound Bone Densitometer Defense Wireless LAN Equipment Systems Wireless LAN Access Point* Multi-beam Sonar Fathometer Wire