Consolidated Financial Results for the Fiscal Year Ended March 2026 [Japanese GAAP]

For the fiscal year ended March 2026, the Fujikura Group's net sales amounted to 1,182.4 billion yen (a 20.7% increase year-on-year), operating profit was 188.7 billion yen (a 39.2% increase), ordinary profit was 199.5 billion yen (a 45.4% increase), and profit attributable to owners of parent was 157.2 billion yen (a 72.5% increase).

Regarding the consolidated business forecast for the fiscal year ending March 2027, we forecast net sales of 1,243.0 billion yen (a 5.1% increase year-on-year), operating profit of 211.0 billion yen (an 11.8% increase), ordinary profit of 218.0 billion yen (a 9.3% increase), and profit attributable to owners of parent of 156.0 billion yen (a 0.7% decrease). Although there are concerns that the procurement of some raw materials, such as hydrogen, may not keep up with the steep increase in production of optical cables in the Telecommunications Business Division, and this impact is conservatively estimated, we expect favorable business performance to continue, backed by the refund of Trump tariffs and strong continued demand for data centers.

Furthermore, there is currently logistics stagnation due to the blockade of the Strait of Hormuz, raising concerns about the impact on the supply chain. In particular, against the backdrop of a tight naphtha supply-demand balance, there are concerns about supply shortages and price increases for some raw materials. However, as uncertainty is high at this point and it is difficult to reasonably calculate the financial impact, this has not been factored into the business forecast. We will promptly disclose any significant impact on business performance if it is anticipated in the future.

Total assets at the end of the current consolidated fiscal year increased by 139.1 billion yen from the end of the previous consolidated fiscal year to 969.5 billion yen. This was mainly due to an increase in current assets such as trade receivables and inventories, as well as property, plant and equipment, against the backdrop of increased demand in the Telecommunications Business Division.

Total liabilities decreased by 18.7 billion yen from the end of the previous consolidated fiscal year to 376.3 billion yen. This was mainly due to a decrease in interest-bearing debt.

Total net assets increased by 157.9 billion yen from the end of the previous consolidated fiscal year to 593.2 billion yen. This was mainly due to the recording of profit attributable to owners of parent and an increase in foreign currency translation adjustments due to exchange rate fluctuations, partially offset by a decrease in retained earnings due to dividend payments.

For details, please refer to the press release.

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Furthermore, at the Board of Directors meeting held today (May 14, 2026), Fujikura resolved to propose the year-end dividend for the fiscal year ended March 2026 at the upcoming Annual General Meeting of Shareholders scheduled for June 26, 2026, as follows.

Determined Amount / Most Recent Dividend Forecast (Announced Feb 9, 2026) / Previous Year's Actual (FY ended Mar 2025)
Record Date: March 31, 2026 / Same as left / March 31, 2025
Dividend per Share: 130.00 yen / 120.00 yen / 66.50 yen
Total Dividends: 35,932 million yen / - / 18,381 million yen
Effective Date: June 29, 2026 / - / June 30, 2025
Source of Dividends: Retained Earnings / - / Retained Earnings

Considering the achievement status of profits and cash flows in the 2025 Medium-Term Management Plan and future growth investments, Fujikura has a policy for the fiscal year ended March 2026 to raise the dividend payout ratio from the conventional 30% to a target of 40% for shareholder returns.

For the year-end dividend for the fiscal year ended March 2026, based on the current period's performance, we plan to increase the dividend by 10 yen from the previous forecast to 130 yen per share. This will result in an annual dividend of 225 yen per share (interim dividend of 95 yen, year-end dividend of 130 yen).

For details, please see the 'Notice Concerning Dividend of Surplus (Increase in Dividend)' announced today (May 14, 2026).

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