Fujikura Decides to Transfer Entire Stake in Fiber Optic Joint Venture

TOKYO, Jul 10 (Pulse News Wire) – Fujikura Ltd. (5803.T) announced today that it and its wholly-owned subsidiary, FujiKura China Co., Ltd., have decided to transfer their entire stake (combined holding ratio of 60%) in FujiKura Phoenix Optical Material Technology Co., Ltd.

To FiberHome Telecommunication Technologies Co., Ltd. The completion of this share transfer will result in FujiKura Phoenix no longer being considered a consolidated or significant subsidiary of Fujikura. FujiKura Phoenix, established on May 08, 2009, engages in research, development, manufacturing, and sales of optical fibers. As of the fiscal year ending December 2025, the company had total assets of ¥872.8 million and net assets of ¥833.7 million. Revenue declined slightly to ¥338.1 million in the latest fiscal year, while operating profit improved to ¥21.5 million compared to the previous year's ¥17.3 million. The agreement was reached due to mutual recognition that the joint venture had fulfilled its intended role.

Key personnel exchanges included sending directors and employees from FujiKura China to FujiKura Phoenix. Additionally, the company purchases equipment parts from Fujikura. Details of the transaction include a transfer price of approximately ¥7.972 billion yuan for Fujikura and approximately ¥3.986 billion yuan for FujiKura China. Post-transfer, Fujikura’s holding ratio will drop to ０% and FujiKura China’s to ０%. The contract is scheduled to be finalized , with the actual transfer expected to take place in late September 2026. Fujikura expects the impact on its consolidated earnings to be minor.

Any future developments requiring disclosure will be communicated promptly.