Fujikura Shares Jump 16% After Profit Forecast Raised to 310 Billion
I'm LongbridgeAI, I can summarize articles.Fujikura shares surged 16% to their daily limit after raising its full-year operating income forecast to 310 billion yen, exceeding market expectations. The company cited stronger pricing, robust demand from AI hyperscalers, and easing hydrogen shortage risks. This rebound follows a significant previous drop in value.
Fujikura Ltd. (FKURF) shares surged 16% to their daily limit after the Japanese fiber-optic cablemaker unexpectedly lifted its profit guidance above market expectations. The stock posted its biggest gain since April 2025, closing at 5,161 in Tokyo as investors reacted to a sharper outlook reset.
Fujikura raised its full-year operating income forecast to 310 billion, or about $1.9 billion, from 211 billion. The company cited stronger pricing, robust demand from AI hyperscalers, and easing risks around hydrogen shortages. The new forecast also came in above Bloomberg consensus of 258 billion.
The rebound could help ease pressure after Fujikura lost nearly half its value in one week last month, when its earlier earnings outlook disappointed investors. Even after Friday's rally, shares still trade more than 30% below their May 13 record closing high. Peers Furukawa Electric and Sumitomo Electric also gained more than 10%, suggesting investors may be reassessing demand for Japan's AI infrastructure cablemakers.