FURUNO ELECTRIC CO., LTD. (6814) Stock Price

Furuno Electric manufactures and sells marine electronic equipment and industrial electronic equipment, leveraging sensor technology based on ultrasonic and electromagnetic waves. The company operates as a corporate group consisting of 35 consolidated subsidiaries, 1 non-consolidated subsidiary, and 2 affiliated companies.

In the marine business, the company provides navigation equipment, fishing equipment, and wireless communication devices. These products are manufactured by Furuno Electric, FURUNO FINLAND OY, ELECTRONIC NAVIGATION LIMITED, and Furuno Hong Kong Limited, and are sold through overseas bases including FURUNO U.S.A., INC. and FURUNO (UK) LTD.

In the industrial business, the company handles medical devices, ITS equipment, GPS equipment, and aircraft electronic equipment. These products are manufactured and sold by Furuno Electric and Furuno Technology (Dalian) Limited.

In the wireless LAN and handheld terminal business, Furuno Systems Inc. manufactures and sells wireless LAN access points and handheld terminals, supporting the construction of communication infrastructure.

As other operations, Labotech International Inc. conducts electromagnetic environment testing services, providing verification services for product electromagnetic compatibility.

Furuno Electric has established "FURUNO GLOBAL VISION 'NAVI NEXT 2030'" to guide growth through 2030. This vision is built on two pillars: a business vision and a human resources and corporate culture vision, both aimed at sustained improvement in customer value and corporate value.

The business vision focuses on "realizing safe, secure, and comfortable environments for people and nature in society and maritime operations." Furuno Electric aims to provide safe and comfortable environments across both maritime and land-based sectors while building a society that is considerate of people and the environment. Through this approach, the company is expanding the value of existing businesses and promoting the development of new business areas.

The human resources and corporate culture vision emphasizes "VALUE through GLOBALIZATION and SPEED," prioritizing global expansion and swift action. This enables the company to create greater value for society and pursue growth alongside its stakeholders.

Furuno Electric is executing a phased growth strategy across three phases. Phase 1 focuses on structural improvement, Phase 2 on building technology and business pillars, and Phase 3 on achieving corporate scale and profitability.

The medium-term management plan designates 2024 to 2026 as Phase 2, targeting improved profit levels and expanded sales scale. By the final year, the company aims for a return on equity of 10% or higher and plans to achieve a stable dividend payout ratio.

Through its marine equipment, industrial equipment, and wireless LAN and handheld terminal businesses, Furuno Electric is pursuing growth in global markets. Particularly in the marine equipment business, the company is strengthening lifecycle support and advancing digital transformation.

To realize sustainable management, Furuno Electric is making strategic investments and pursuing early commercialization of new businesses. The company is also promoting diversity and working to develop and secure diverse talent.

Furuno Electric is strengthening corporate governance to pursue sustained growth and enhanced corporate value. Through dialogue with shareholders and investors, the company is working to reduce its cost of capital.