【Furukawa Electric Co., Ltd.】Complete Subsidiary Absorption-Type Merger ｜ June 2026

Purpose and Overview of the Merger

Furukawa Electric Co., Ltd. develops optical devices and optical components supporting cutting-edge optical communication networks. To respond swiftly to changing business environments, it will absorb and merge its wholly owned subsidiary Furukawa Fitel Optical Components. The merger was decided on June 9, 2026, with an expected effective date of April 1, 2027. The merger will be conducted with Furukawa Electric as the surviving company, and Furukawa Fitel will be dissolved. There will be no issuance of new shares or monetary payments related to the merger. The purpose is to concentrate management resources and accelerate decision-making.

Future Outlook and Impact

Since this merger is a reorganization between wholly owned subsidiaries, its impact on consolidated performance is expected to be minimal. After the merger, there will be no change to the name or business activities of Furukawa Electric Co., Ltd., and efforts will be made to streamline operations and enhance competitiveness. For the fiscal year 2026, the consolidated financial forecast predicts net sales of 1.46 trillion yen, operating income of 95 billion yen, and net income of 82 billion yen, indicating promising growth prospects.