Fujikura to Double Operating Profit by F2010

Fujikura announced on Tuesday the firm targets 8% of consolidated operating profit rate for sales in fiscal 2010 ending March 2011 under the new mid-term plan to fiscal 2010. The firm tries to expand the sales by 31.6% to 850 billion yen and double the operating profit to 68 billion yen through the better profitability for electronics and auto segment. The firm expends 150 billion yen for the 4 years allocating 60% for electronics and auto unit and 15% for telecom unit. The firm targets 35 billion yen of operating profit for electronics and auto segment in fiscal 2010, of which around 60% is from flexible printed circuit and connector and around 15% from automotive wiring harness. The firm tries to improve the profitability through expansion for flexible printed circuit and connector after the operating profit halved in fiscal 2006 due to lower selling price of flexible printed circuit and connector from 24.7 billion yen in fiscal 2005. The telecom unit tries to meet growing worldwide demand for optical fiber network to household through the main base of America Fujikura. The unit expands America Fujikura’s sales by 80% in 5 years to fiscal 2010 due to growing demand for engineering business in North America. The unit also expands the offshore output base in China, Malaysia and Russia along with original equipment manufacturing. The unit tries to apply the optical fiber technology to medical industry, sensor, automobile and other non-communication industry. The metal cables and system segment will expand the sales in growing electric wire market including China and Middle East. The unit also develops new products including electric wire for magnetic levitation and copper clad aluminium conductor.