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Producer Manufacturing

Furukawa Electric Co., Ltd.

Business Summary

Furukawa Electric Co., Ltd. engages in the business development of transmission infrastructure and functional materials businesses. It operates through the following segments: Infrastructure, Electronics and Automotive Systems, Functional Products, and Service and Developments. The Infrastructure segment manufactures and sells optic fiber, optic fiber cable, light related parts, optical semiconductor device, metal communication cable, optical fiber fusion splicer, network equipment, CATV system, and wireless products power cables. The Electronics and Automotive Systems segment provides automobile parts, automobile and industrial use batteries, copper and aluminum wires, processed electronic parts, functional surface products, superconductive and special metal materials. The Functional Products segment offers cable pipe materials, water supply pipe materials, tapes used for semiconductor products, electronic parts, aluminum substrate for hard disk and electrolytic copper foils. The Service and Developments segment include logistics, information processing services, software development, real estate leasing, water-power generation, and new product research and development. The company was founded in 1884 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue991,590M8,941.72M
Gross Profit168,327M1,517.89M
Operating income40,843M368.30M
Income before tax35,757M322.44M
Net income29,108M262.48M
EBITDA67,702M610.50M
Diluted EPS412.963.72
Dividends Per Share850.76
Total Assets818,021M7,390.53M
Total liabilities538,106M4,861.59M
Total equity247,659M2,237.51M
Operating cash flow46,460M418.95M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 867,817M 874,879M 843,344M 967,333M 991,590M
Gross Profit 126,338M 140,844M 155,230M 167,362M 168,327M
Operating income 17,873M 28,224M 38,624M 44,805M 40,843M
Income before tax 16,168M 21,380M 27,965M 40,466M 35,757M
Net income 7,355M 10,007M 17,570M 28,547M 29,108M
EBITDA 41,008M 52,064M 62,613M 70,510M 67,702M
Diluted EPS 104.20 141.70 249.15 405.04 412.96
Dividends Per Share 30 40 55 80 85
Total Assets 734,125M 705,725M 750,126M 808,632M 818,021M
Total liabilities 519,382M 507,138M 513,073M 536,560M 538,106M
Total equity 190,742M 173,163M 206,713M 236,519M 247,659M
Operating cash flow 41,489M 41,569M 40,402M 38,429M 46,460M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 7,899.55M 7,285.54M 7,788.00M 8,727.88M 8,941.72M
Gross Profit 1,150.02M 1,172.87M 1,433.49M 1,510.04M 1,517.89M
Operating income 162.69M 235.03M 356.68M 404.25M 368.30M
Income before tax 147.17M 178.04M 258.24M 365.10M 322.44M
Net income 66.95M 83.33M 162.25M 257.56M 262.48M
EBITDA 373.28M 433.56M 578.21M 636.18M 610.50M
Diluted EPS 0.94 1.18 2.30 3.65 3.72
Dividends Per Share 0.27 0.33 0.50 0.72 0.76
Total Assets 6,121.53M 6,278.97M 6,731.81M 7,603.49M 7,390.53M
Total liabilities 4,330.88M 4,512.10M 4,604.44M 5,045.22M 4,861.59M
Total equity 1,590.51M 1,540.66M 1,855.09M 2,223.96M 2,237.51M
Operating cash flow 377.66M 346.16M 373.09M 346.73M 418.95M

Valuation Measures

Mar 2019
PER6.75
ROA3.57%
ROE12.02%
Operating margin4.11%
Profit margin2.93%

Key executives

  • President & Representative Director: Keiichi Kobayashi
  • Director, Executive Officer & GM-Finance: Akihiro Fukunaga
  • Managing Executive Officer, General Manager-R&D: Hisaharu Yanagawa
  • General Manager-Research & Development: Tetsuro Ijichi
  • Representative Director, EVP & GM-Group Innovation: Hiroyuki Ogiwara

Shareholders

  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (5.3%)
  • Nomura Asset Management Co., Ltd. (4.7%)
  • Asset Management One Co., Ltd. (4.0%)
  • Mizuho Bank Pension Fund (3.4%)
  • JPMorgan Asset Management (Japan) Ltd. (3.1%)
  • The Vanguard Group, Inc. (2.2%)
  • Asahi Mutual Life Insurance Co. (1.9%)
  • Furukawa Co., Ltd. (1.8%)
  • Dimensional Fund Advisors LP (1.8%)
  • Daiwa Asset Management Co. Ltd. (1.6%)

Contact Details

  • Website:http://www.furukawa.co.jp
  • Address: Marunouchi Nakadori Building, 5/F, 2-2-3 Marunouchi, Tokyo, 100-8322, Japan
  • Phone: +81.3.3286.3001

Related Companies

  • Furukawa Minda Electric Pvt Ltd.
  • VISCAS Corp. /Submarine Transmission Line Bus/
  • Superconductor Technologies & Superpower
  • Kanzacc Co., Ltd.
  • Furukawa (Thailand) Co. Ltd.
  • Furukawa Electric Board Benefit Trust
  • Furukawa Sangyo Kaisha Philippines, Inc.
  • PT Furukawa Automotive System Indonesia
  • Furukawa Sangyo Kaisha (Thailand) Ltd.
  • Furukawa Electric HK Ltd.
  • Furukawa Industrial SA
  • Furukawa Sistemas Automotivos do Brasil Ltda.
  • Furukawa FITEL Optical Products (Shanghai) Co., Ltd.
  • Furukawa Sangyo Kaisha (HK) Ltd.
  • Furukawa Electric Mexico S de RL de CV
  • Furukawa Electric Power Systems (Thailand) Co. Ltd.
  • SHINDO KOGYO Manufacturing Co. Ltd.
  • Furukawa Auto Parts (Huizhou) Ltd.
  • Furukawa Electric Copper Foil Taiwan Co. Ltd.
  • Tianjin Furukawa Power Component Co. Ltd.
  • Shanghai Furukawa Electric Power Systems Co. Ltd.
  • Furukawa Thai Holdings Co. Ltd.
  • Furukawa Automotive Systems Vietnam, Inc.
  • Furukawa Automotive Parts (Dongguan) Ltd.
  • Tianjin Jinhe Electric Engineering Co. Ltd.
  • PT Furukawa Permintex Autoparts Indonesia
  • Furukawa Electric (Shenzhen) Co. Ltd.
  • Furukawa Automotive Parts (Vietnam), Inc.
  • Leoni Furukawa Wiring Systems SAS
  • Furukawa Electric Trust

Competitors

  • Prysmian S.p.A.
  • Lumentum Holdings, Inc.
  • EMCORE Corporation
  • Clearfield, Inc.
  • Superconductor Technologies, Inc.
  • Doosan Corporation
  • Bruker Corporation
  • Iljin Materials Co., Ltd.
Last Updated on 20 Sep, 2019

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