Which company had the fastest profit growth among the four?

Furukawa Electric, with a 201.1% year-on-year increase to ¥57.6 billion, outpaced Fujikura's 160.6% gain.

Why did Fujikura cut its full-year forecast while profits rose?

The cut reflects a change in assumed exchange rates, and Fujikura's information and communications business remained strong.

What are the three conditions that will separate winners going forward?

The ability to turn production increases into profit, pricing power, and demand durability combined with business diversification are cited.

AI Stocks & MarketsTop Companies' AI MovesAI Business & IndustryTop Companies AI12h agoNov 15, 2026, 06:30 JST

Fujikura's 160.6％ profit gain leads four wire makers

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3 Key Points

What happened
Fujikura's April–September 2026 operating profit rose 160.6% year-on-year to ¥235 billion, ahead of Furukawa Electric's 201.1% gain to ¥57.6 billion, Sumitomo Electric's 43.5% to ¥219.6 billion, and SWCC's 53.6% to ¥17.9 billion.
Why it matters
Fujikura's operating margin of 27.1% far outstripped peers, yet it was the only one of the four to cut its full-year forecast, reflecting a change in assumed exchange rates while its information and communications business stayed strong.

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Context & Analysis

The results arrive against a backdrop of sharp swings in AI-related shares. After Democrats' gains in the November 3 U.S. midterms raised fears of tighter data-center regulation, the Nasdaq fell about 5.5% and the semiconductor index dropped about 12.2% on November 5, followed by a roughly 6% fall in the Nikkei on November 6. Markets are questioning whether massive AI investment will pay back.

The uncertainty deepened on November 11 when reports that Nvidia's board was considering removing CEO Jensen Huang sent the stock down more than 8% after hours. Nvidia confirmed Huang's resignation as CEO and director the next day and named CFO Colette Kress as interim CEO.

Still, falling share prices do not mean fewer orders for AI equipment. Amazon and Alphabet plan heavy data-center and AI capital spending in 2026. Data centers need high-speed optical fiber and connectors, with speeds moving from 800G to 1.6T, and rising server power consumption requires grid and cable investment. The IEA projects global data-center electricity use nearly doubling from 485TWh in 2025 to 950TWh in 2030, though construction progress may be constrained by financing and power equipment.

FAQ

Which company had the fastest profit growth among the four?: Furukawa Electric, with a 201.1% year-on-year increase to ¥57.6 billion, outpaced Fujikura's 160.6% gain.
Why did Fujikura cut its full-year forecast while profits rose?: The cut reflects a change in assumed exchange rates, and Fujikura's information and communications business remained strong.
What are the three conditions that will separate winners going forward?: The ability to turn production increases into profit, pricing power, and demand durability combined with business diversification are cited.

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