Business & Finance
Fujikura Shares Set to Soar as Outlook Hike Calms Market Jitters
Key Points
Fujikura Shares Set to Soar as Outlook Hike Calms Market Jitters Japanese fiber-optic cablemaker Fujikura Ltd.’s shares are set to surge to their daily limit after the firm unexpectedly raised its profit guidance above market estimates. Fujikura’s shares were untraded on a glut of buy orders but poised to rise after the company lifted its full-year operating income outlook to ¥310 billion ($1.9 billion) from ¥211 billion, citing a boost from price increases and strong demand from AI...
Fujikura Shares Set to Soar as Outlook Hike Calms Market Jitters
Japanese fiber-optic cablemaker Fujikura Ltd.’s shares are set to surge to their daily limit after the firm unexpectedly raised its profit guidance above market estimates.
Fujikura’s shares were untraded on a glut of buy orders but poised to rise after the company lifted its full-year operating income outlook to ¥310 billion ($1.9 billion) from ¥211 billion, citing a boost from price increases and strong demand from AI hyperscalers. The firm also said that the risk of hydrogen shortages has eased.
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