Fujikura Ltd (TSE:5803) continues to surge in Tokyo, hitting a new all-time high shortly after completing one of the largest stock splits in Japan this year. The company remains one of the standout performers among Japanese equities, extending a remarkable multi-year rally. Fujikura was one of more than 60 Japanese companies that carried out a stock split in the first quarter of 2026, including 4 Dividend Heroes.

Key Points

Fujikura completed a 6-for-1 stock split, one of the largest in Japan in Q1 2026
Shares quickly rallied to a new all-time high above ¥6,000
Stock is up nearly 100% in 2026, following +174% in 2025 and +500% in 2024
Dividend increased >80% annually for three consecutive years
Dividend yield: ~0.5% due to strong share price gains

From Stock Split to New Highs

Fujikura was one of more than 60 Japanese companies that carried out a stock split in the first quarter of 2026. Among them, Fujikura’s 6-for-1 split stood out as one of the largest.

The split initially brought the share price back to a more accessible level, but that effect proved short-lived. Shortly after the adjustment, the stock resumed its upward momentum, climbing to a new all-time high of over ¥6,000.

Strong Momentum Since 2025

DividendJapan previously highlighted Fujikura in October 2025, when the stock traded at a split-adjusted level of around ¥2,600. Since then, the rally has accelerated significantly.

While not matching the extreme performance of Kioxia, which surged nearly tenfold over a similar period since we wrote about it first in September 2025, Fujikura’s returns remain highly impressive. The stock gained 174% in 2025 and an extraordinary 500% in 2024. In 2026, it is already up nearly 100% year-to-date.

With a market capitalization now approaching $63 billion, Fujikura has rapidly become one of the larger companies in Japan.

Valuation and Growth Expectations

At current levels, Fujikura trades at an estimated price-to-earnings ratio of around 60 for fiscal year 2026, reflecting strong growth expectations.

Analysts forecast 19% revenue growth for FY2026 (ending March) and 15% growth for FY2027. Given the elevated valuation, these growth rates may be seen as relatively modest compared to the recent share price performance.

Dividend Growth Stands Out

Despite the strong rally, Fujikura remains notable for its dividend profile. Unlike some high-growth Japanese stocks, the company does pay a dividend and has increased it aggressively.

Over the past three years, Fujikura has raised its dividend by more than 80% annually, demonstrating a clear focus on shareholder returns. However, due to the sharp rise in the share price, the dividend yield has declined to around 0.5%.

Analyst View

Analyst sentiment remains broadly positive, with 4 strong buy, 8 buy, and 2 hold ratings, and no sell recommendations currently reported.

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Stock Splits Gain Popularity in Japan

Fujikura’s split is part of a broader trend in Japan, where more than 60 companies executed stock splits in Q1 2026. This includes several Japanese banks, four Dividend Heroes, and previously covered Sanrio (TSE: 8136) — the company behind Hello Kitty, whose shares are now accessible at around ¥1,000 following its split.

At DividendJapan, we aim to highlight these opportunities and uncover hidden gems that may not yet be on your radar. Stay tuned as we explore Japan’s dividend growth stories and the next generation of market leaders!

Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.

DividendJapan.com

Fujikura Hits Record High After 6-for-1 Stock…