This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
October 10, 2025 Company Name: FURUNO ELECTRIC CO., LTD.
Representative: Yukio Furuno, President and CEO (Code: 6814 Tokyo Stock Exchange Prime Market)
Contact: Yutaka Wada, Director, Managing Executive Officer, and CFO
(Telephone: ＋81-7-9863-1017)
Notice Concerning Revisions to the Consolidated Financial Results Forecast and the Dividend Forecast (Increase in Dividends)FURUNO ELECTRIC CO., LTD. (hereinafter "the Company") hereby announces that, considering the most recent operating trends, has decided to revise the consolidated financial results forecasts for the fiscal year ending February 28, 2026, which were disclosed on April 9, 2025, as outlined below.
The Company also hereby announces that, at a meeting of the Board of Directors held on October 10, 2025, it has resolved to implement and revise upward the dividend of surplus with a record date of August 31, 2025, and to revise the year-end dividend forecast for the fiscal year ending February 2026.
Revisions to the full-year consolidated financial results forecast
(1) Revisions to the full-year consolidated financial results forecast for the fiscal year ending February 28, 2026
Net sales
Operating
profit
Ordinary
profit
Profit attributable
to owners of parent
Consolidated
earnings per share
Previous forecast (A)
(¥ million)
127,500
(¥ million)
11,500
(¥ million)
12,500
(¥ million)
9,000
(¥)
284.86
Revised forecast (B)
137,500
16,000
17,500
15,500
490.49
Change (B-A)
10,000
4,500
5,000
6,500
-
Change (%)
7.8
39.1
40.0
72.2
-
(Ref.) Consolidated results for the previous fiscal year (ended February 28,
2025)
126,953
13,181
14,158
11,457
362.64
As announced on October 3, 2025, the consolidated financial results for the second quarter of the fiscal year ending February 2026 exceeded the previously disclosed forecast. Although a portion of SG&A expenses is expected to be deferred to the second half of the fiscal year, demand in the merchant vessel market within the Marine Business is projected to remain strong. Considering these factors, the Company has revised its full-year consolidated financial forecast as stated above.
In addition, the foreign exchange rate assumptions for the second quarter onward, which form the basis of the financial forecast, have been revised to ¥148=$1 (previously ¥145) and ¥166=€1 (previously ¥157).
Details of dividends (Interim Dividend) and revision of the year-end dividend forecast
Determination of Dividends (Interim Dividend)
Determined amount (Fiscal year 2025)
Most recent dividend forecast (announced on
April 9, 2025)
Actual results for the previous fiscal year
(Fiscal year 2024)
Record date
August 31, 2025
August 31, 2025
August 31, 2024
Dividend per share
¥75.00
¥55.00
¥35.00
Total amount of
dividends
¥2,370 million
-
¥1,105million
Effective date
November 11, 2025
-
November 13, 2024
Source of dividends
Retained earnings
-
Retained earnings
Revision of Year-end Dividend Forecast
Dividends per share | |||
Interim | Year-end | Full-year | |
Previous forecast (announced April 9, 2025) | ¥55.00 | ¥55.00 | ¥110.00 |
Revised forecast | - | ¥75.00 | ¥150.00 |
Fiscal 2025 actual (ending February 28, 2026) | ¥75.00 | - | - |
Fiscal 2024 actual (ended February 28, 2025) | ¥35.00 | ¥75.00 | ¥110.00 |
Regarding the profit distribution, the Company has set a target in its medium-term management plan (for the fiscal years 2023 through 2025) to build a management foundation capable of achieving a stable consolidated dividend payout ratio of 30% or more.
Based on this target, the Company has increased its year-end dividend forecast by 20 yen to 75 yen per share, taking into consideration the profit level and financial situation. This will bring the annual dividend per share to 150 yen, including the interim dividend of 75 yen per share.
Note: The forecasts presented above are forward-looking statements based on information available to the Company's management at the time of disclosure. These statements involve potential risks and uncertainties, and actual results may differ materially from the forecasts due to various factors. We kindly ask for your understanding in this regard.
(End of document)