Furukawa Co.,Ltd.
Notice of Completion of Fixed Asset Transfer by the Group Consolidated Subsidiary and Recording of Special Profit
Foretwold completion of the transfer of the former Australian smelter site owned by Consolidated subsidiary PKC Properties Pty. Ltd. Expectation of approximately 6.0 billion yen in special profit from the transfer. Transfer contract date: 2026/7/2; transfer completion date: 2026/8/10. Impact on current-term results is being reviewed.
Key Figures
- Gain on transfer (special profit): Approximately 60 billion yen
- Transfer date: August 10, 2026
- Contract signing date: July 2, 2026
AI要約
Section Heading
This is a notice regarding the completion of the transfer of fixed assets held by the consolidated subsidiary PKCP and the special profit expected to be recorded in the fiscal year ending March 2027. The transferee has not been disclosed, but it is stated that there are no notable capital, personnel, or transactional relationships with the transferee. The transfer location is around Port Kembla, New South Wales, Australia, and the transfer price will not be disclosed due to tax treatment considerations. The transferred asset is the site of the former smelter, and it is planned to allocate the proceeds to remediation and decontamination costs for off-site residual pollution surveys. The impact on the FY2027 results is under review, and if revisions are necessary, they will be announced promptly.
Section 2 Heading
This transfer is implemented as part of environmental measures and local business restructuring, and there is no direct disclosure of the future use of the former smelter site. While around 6.0 billion yen is expected as a special profit, the impact on this fiscal year's earnings forecast is undecided, so investors should await further disclosures. Exchange rate information has been disclosed, but its direct impact on this matter is limited.
Furukawa Electric Co., Ltd.
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