Fujikura stock: Proxima HTS study stays preliminary as quote slips

Fujikura and Proxima Fusion are exploring a European supply platform for high-temperature superconducting tape, giving Fujikura a potential role in the fusion industry's future supply chain. The memorandum of understanding was signed on Thursday, October 29, 2026, and does not establish a confirmed order, production capacity or factory investment.

Fujikura's press release says the companies will conduct a phased assessment of the technical, commercial and economic feasibility of stable HTS tape supply and local production, primarily in Germany. The work combines Fujikura's manufacturing expertise with Proxima's projected demand for fusion power plants.

A feasibility study, not an order

HTS tape is used in superconducting magnets that generate the strong magnetic fields needed by compact, high-field stellarators. Proxima expects its Alpha demonstration device, targeted for the early 2030s, to require approximately 20,000 kilometres of tape. Each planned Stellaris commercial plant is expected to require approximately 40,000 kilometres.

Those volumes indicate potential long-term demand, but they are project requirements rather than contracted deliveries. The next investment-relevant milestones are the outcome of the joint study, a possible production decision in Germany and any future agreement covering capacity, funding or deliveries.

Quote moves below the morning level

Fujikura stock traded at 22.02 euros on Lang & Schwarz at 15:13 CET on Friday, October 30. Compared with the 22.28-euro quote cited in the October 30 morning report, the stock was down 1.17 percent. Investors can follow the real-time quote of Fujikura stock.

The Nikkei 225 provides the relevant market backdrop for Japan-listed Fujikura.

More news and analyses on Fujikura stock will track the study's progress and any move toward a concrete European manufacturing plan.