Fujikura Ltd.
Notice of Change of a Specific Subsidiary (Transfer of Equity Interest)
Announces plans to transfer 100% ownership of Fujiwaki Fireworks Photoelectric Materials Technology Co., Ltd., a group subsidiary, to Firefly Communications Technology Co., Ltd. After the transfer, the target company is not expected to be a consolidated subsidiary or a specific subsidiary. Transfer date is July 10, 2026 (contract signing), transfer execution date is late September 2026 (planned). The impact on consolidated earnings is expected to be minor.
Key Figures
- Transfer consideration: 333.49 million RMB
- Post-transfer stake ratio: 0%
- Contract signing date: July 10, 2026
AI要約
Background and Overview
Today, our company and a joint investor decided to transfer 60% of the equity stake in Fujiwaki Fireworks Photoelectric Materials Technology Co., Ltd. The acquirer is Firefly Communications Technology Co., Ltd., and the final ownership ratio was 40% for our company, 20% for Fujiwara (China) Co., Ltd., and 40% for Firefly Communications Technology Co., Ltd. After the transfer, the target company is not expected to be a consolidated subsidiary or a specific subsidiary.
Outlook and Impact
The completion of this stake transfer is expected to have a minor impact on our consolidated earnings, and we will disclose any further information as it becomes available. The contract signing date is July 10, 2026, and the transfer execution is planned for late September 2026.
Fuji Electric Co., Ltd.
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