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Fujikura's Stock Drops Following Underwhelming Three-Year Financial Forecast
May 19, 2026
AI Summary
Fujikura Ltd. experienced a significant drop in its stock price, falling up to 17% after announcing a three-year forecast that did not meet market expectations regarding demand for optical-fiber networks driven by artificial intelligence.
- Fujikura Ltd. shares declined by as much as 17% following a disappointing financial forecast.
- The company aims for an operating income of ¥315 billion ($2 billion) for the fiscal year starting April 2028.
- This forecast is significantly below the average analyst estimate of ¥455 billion.
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