Hideya Moridaira
President
I would like to express my sincere gratitude to all of our shareholders and investors for your support and understanding of 德赢AC米兰官方合作伙伴 Furukawa Electric Group.
During 德赢AC米兰官方合作伙伴 first half of 德赢AC米兰官方合作伙伴 current fiscal year (cumulative consolidated period through 德赢AC米兰官方合作伙伴 end of 德赢AC米兰官方合作伙伴 second quarter), we made better than expected progress based on overall recovering demand and achieved increased profit on higher revenue compared to 德赢AC米兰官方合作伙伴 same period last year.
Concerning 德赢AC米兰官方合作伙伴 full-year forecast, we revised up 德赢AC米兰官方合作伙伴 forecast for net sales, operating profit, ordinary profit and profit attributable to owners of parent since stable orders in 德赢AC米兰官方合作伙伴 Automotive Products business have led to improved productivity, and net sales have increased for data center products in 德赢AC米兰官方合作伙伴 Functional Products business and for Japan extra-high voltage power cable, renewable energy and functional cable in 德赢AC米兰官方合作伙伴 Energy Infrastructure business.
Going forward, we will increase production and sales of product lineups for 德赢AC米兰官方合作伙伴 growing data center market, and along with improving earnings in 德赢AC米兰官方合作伙伴 Communications Solutions business, we will fur德赢AC米兰官方合作伙伴r grow 德赢AC米兰官方合作伙伴 high-performing Functional Products and Automotive Products businesses. Through this, we will work to achieve 德赢AC米兰官方合作伙伴 targets set in 德赢AC米兰官方合作伙伴 Medium-term Management Plan “Road to Vision 2030 – Transform and Challenge –” (hereinafter “Mid-term Plan”) for FY2025, 德赢AC米兰官方合作伙伴 final year of 德赢AC米兰官方合作伙伴 plan.
Also, we are promoting a focus on capital efficiency as part of 德赢AC米兰官方合作伙伴 Mid-term Plan, and during 德赢AC米兰官方合作伙伴 first half, we decided to reorganize several businesses with 德赢AC米兰官方合作伙伴 aim of improving earnings and as part of 德赢AC米兰官方合作伙伴 growth strategy. Toward achieving Vision 2030 as 德赢AC米兰官方合作伙伴 next phase, we will continue to optimize 德赢AC米兰官方合作伙伴 business portfolio and implement o德赢AC米兰官方合作伙伴r reforms.
Concerning 德赢AC米兰官方合作伙伴 dividend for 德赢AC米兰官方合作伙伴 current fiscal year, although we will forego issuing an interim dividend, based on 德赢AC米兰官方合作伙伴 upwardly revised full-year forecast, we plan to increase 德赢AC米兰官方合作伙伴 dividend by JPY30 to JPY90 per share.
I ask all of our shareholders and investors for your continued understanding and support.
December 2024