Fujikura is on a track to beat its outlook thanks to sustained demand for fiber-optic cables essential for AI data centers and a plan to raise prices, according to its top executive.
The Tokyo-based company, whose disappointing forecast triggered a broad selloff of Japanese tech stocks last month, is fielding orders from almost all U.S. hyperscalers for fiber-optic cables, CEO Naoki Okada said. That¡¯s keeping supplies tight and prompting some customers to agree to higher prices for Fujikura¡¯s topline products, he said.
¡°We supply a valuable product,¡± Okada said in an interview, adding that the company can offset constraints on production capacity with higher unit prices. ¡°We will raise prices a little more.¡±
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