Fujikura Lifts Its Outlook as AI-Driven Fiber Demand Keeps Building
Published on 08/12/2026 at 18:13 | Redaktion boerse-global.de
Fujikura is leaning harder into the global race to build out AI infrastructure, and investors are rewarding that shift. The Japanese technology group raised its full-year operating profit forecast to 432 billion Yen, while also lifting its net income outlook to 326 billion Yen. Its shares advanced sharply in Tokyo on Wednesday, with one report putting the gain at 11.0 % to 32,20 Euro and another at 8,86 % to 31,57 €.
The upgrade follows a first quarter that ended on 30 June and came in far ahead of expectations. Revenue climbed 50,1 % to 402,01 billion Yen, while net profit surged 156,8 % to 80,43 billion Yen. Fujikura said the momentum reflects robust demand for optical components, especially as investment in data centres tied to artificial intelligence accelerates worldwide.
The company’s revised guidance also extends beyond the headline profit figures. For the full year to March 2027, Fujikura now expects net sales of 1,755 trillion Yen and earnings per share of 196,88 Yen, up from 138,31 Yen previously. For the first half, it is forecasting net sales of 821 billion Yen, operating profit of 198 billion Yen and net profit of 149 billion Yen.
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Capacity expansion is a major part of that story. Fujikura plans to build a new plant in Sakura, Chiba prefecture, to produce ultra-high-density optical fibre cables, with an estimated investment of around 40 billion Yen. The site is scheduled to start operating in December 2030. The broader capital spending plan runs to as much as 300 billion Yen in Japan and the US, supported by a newly established Delaware subsidiary to coordinate American activities.
At the same time, the group is trimming parts of its portfolio. On 7 August, Fujikura disclosed an agreement to sell its entire 60 % stake in Fujikura Fiber Optics (China) Ltd. to partner YOFC. The deal is valued at 500,24 million RMB and is expected to close at the end of September.
Market reaction has been positive, though valuation remains a sticking point. Media reports said analysts raised the consensus price target on Friday from 5.799 Yen to 6.324 Yen. The stock’s price-to-earnings ratio is currently put at 44,8, well above the sector average of 13,7. Even so, Fujikura’s market capitalisation stands at 46,70 billion €, underscoring how central the company has become to the supply chain for high-speed networks.
Shareholders are also set to receive a 19,00 Yen dividend for the current year after the 1 April stock split of 6 for 1. Separately, the board decided on Friday to issue up to 150.000 employee shares to the staff shareholding association, with allocation planned for the end of November.
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