Furukawa Electric (TSE: 5801) reported 25.5 billion yen of operating profit for the June quarter. Its entire first half last year was 19.4 billion. Full year guidance went from 95 billion in May to 123 billion in August. Up 92.6 percent on last year's 63.9 billion. This is a cable maker, and the guidance is doing what a semiconductor name usually does. Source: Furukawa Electric, Q1 FY March 2027 results, 6 August 2026.

Nintendo President Shuntaro Furukawa has apologized to customers for the Switch 2 price increase. The adjustment is due to sustained rises in material costs that the company can no longer fully absorb. Furukawa said: “We sincerely apologize to our customers for the considerable inconvenience and trouble this will cause. While we wanted to prioritize wide adoption, it was challenging to bear the rising costs over a long period. The new pricing does not fully account for all cost increases.” The price in the United States will rise from $449.99 to $499.99, with similar increases in Canada, Europe, and Japan. To help justify the higher price, Furukawa promised a strong software response, stating: “We will prepare a robust software lineup to enhance the Switch 2 ownership value. We will work diligently to overcome this barrier.”