TOKYO, Mar 27 (Pulse News Wire) – Fujikura Ltd. (5803.T) resolved during its March 27 board meeting to dissolve its affiliate, Bisucas Co., Ltd., effective March 31, and abandon its debt claim against the company.
Bisucas, a joint venture equally owned by Fujikura and Furukawa Electric Co., Ltd., agreed to terminate their partnership operations as of October 1, 2025. With the winding down of Bisucas' operations now largely complete, both companies have decided to dissolve the entity by abandoning their respective claims. Key details of Bisucas include: - Capital of ¥10 million - Established on September 26, 2001 - Net assets of --¥15.95 billion as of March 31, 2025 - Total assets of ¥1.463 billion as of March 31, 2025 - Shareholders: Fujikura Ltd. holds 50% and Furukawa Electric Co., Ltd.
Holds 50% The abandoned debt claim consists of long-term loans amounting to ¥8.266 billion. This represents 1.9% percent of the net assets for the fiscal year ended March 2025. The abandonment was executed. Looking ahead, the impact on Fujikura's individual and consolidated performance for the fiscal year ending March 2026 is expected to be minor, as the debt had previously been accounted for as bad debt provision in prior years.
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