Furuno Electric Co., Ltd.

After the market close, several companies including Furuno Electric, Hoden Seimitsu, Axelspace, and Alpha announced earnings revisions. Furuno Electric raised its interim ordinary profit for the February-ending fiscal year by 37%, from 10 billion yen to 13.7 billion yen, while Hoden Seimitsu lifted its net profit for the February-ending year by 33%, from 866 million yen to 1.151 billion yen. On the other hand, Axelspace cut its net loss forecast for the May-ending fiscal year to a loss of 3.65 billion yen from a loss of 240 million yen, a change of minus 1421%. Alpha lowered its net profit for the August-ending fiscal year by 75%, from 130 million yen to 32 million yen, and TWOSTONE reduced its operating profit for the August-ending year by 39%, from 1.324 billion yen to 810 million yen. Value Creation revised up its interim net profit for the March-ending fiscal year by 85%, from 65 million yen to 120 million yen.

Furuno Electric Co., Ltd. has announced the SOLION-100, a new maritime safety terminal built on Iridium Certus 100 technology that integrates GMDSS, Ship Security Alert System, and Long-Range Identification and Tracking capabilities into a single platform for newbuild and retrofit vessels. The terminal, announced alongside Iridium Communications Inc., leverages Iridium's low-Earth orbit satellite network, which has provided GMDSS services since 2020 and offers global coverage including polar regions. The SOLION-100 is expected to be commercially available for retrofit applications in late 2026, with newbuild availability following in 2027. Furuno's Kiyoshi Furuno emphasized the company's commitment to maritime safety, while Iridium's Wouter Deknopper highlighted the partnership's benefit to shipowners and shipyards.