Furukawa Electric Co.

FUWAY

Electrical Equipment & Parts · Industrials

Price

$11.73

-0.13 (-1.10%)

Market Cap

$16.53B

Exchange

Other OTC

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Sep 4, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Exceptional

Cash Flow

Weak

Stability

Strong

Valuation

Good

Dividends

Exceptional

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Winston Score History

The full picture

Furukawa Electric is a Japanese industrial company that makes cables, wires, and other materials used to carry electricity and data. Its products include fiber optic cables, power cables, automotive wiring harnesses, and copper and aluminum materials. Founded in 1884, it is one of Japan's oldest and largest cable manufacturers.

The company earns revenue by selling these products to telecom operators, utilities, automakers, and electronics companies. It operates mainly in Japan but also has factories and sales across Asia, the Americas, and Europe, with a market cap around $16.5 billion. Its long history, broad product range, and deep relationships with major manufacturers give it a strong position in the cable industry. Growth depends on rising demand for data center infrastructure and electric vehicle wiring, though the business is exposed to swings in copper prices and global economic cycles.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+26.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+337.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

¥0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

51.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

¥227.6B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Furukawa Electric Co. grew revenue 26% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 1.41B (2022) → 1.41B (2026)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

18.4%

Thin — 18.4% gross margin

Profit after running costs

Operating Margin

7.0%

Modest — 7.0% operating margin

Return on the money invested

ROCE

10.5%

Below par — 10.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+19.7%

Fast-growing sales (+19.7% YoY)

Profit growth

EPS YoY

+178.9%

Earnings growing fast (+178.9% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

Weak — only 0% of profit becomes cash

Spare cash per sale

FCF Margin

0.0%

Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.81

Moderate — manageable debt (0.81)

Covers its interest

Interest Cover

8.74x

Comfortably covers interest (8.7x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

30.2x

Pricey — P/E 30.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+15.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (30.2 → 15.2)

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Dividends

Dividend

Dividend Yield

5.52%

Healthy income — 5.52% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+18.8%

Dividend growing fast (18.8% YoY)

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