Fujikura Ltd TSE:5803

Fujikura : Notice Concerning Waiver of Claims against VISCAS Corporation

Published

Source: MarketScreener



Dear All

Company Name: Fujikura Ltd

27-Mar-26

Representative: Naoki Okada, President & CEO

(Code: 5803 Prime market of TSE) Inquiries: Toru Hamasuna, Executive Officer

General Manager of

Corporate Strategy Planning Division (TEL +81 -3-5606-1112)

Notice Concerning Waiver of Claims against VISCAS Corporation

Fujikura Ltd. hereby announces that, upon the dissolution of VISCAS Corporation ("VISCAS"), an equity -method company of Fujikura Ltd. ("the Company"), on March 31, 2026, the Board of Directors resolved today to waive the Company's claims against VISCAS.

Notice

  1. Background

    Regarding VISCAS, a 50/50 joint venture between the Company and Furukawa Electric Co., Ltd. ("Furukawa Electric"), both parties agreed to terminate the joint venture as of October 1, 2016, and had been working toward its termination. As the end of VISCAS' s remaining operation has been in sight, both parties have agreed to dissolve VISCAS by waiving their claims against VISCAS.

  2. Overview of the equity-method company

    (1) Name

    VISCAS Corporation

    (2) Location

    1-8-8 Haneda Airport, Ota-ku, Tokyo

    (3) Title and name of the representative

    President Ichiro Ishigaki

    (4) Business content

    Manufacture and sale of wires, cables, etc. Design, construction, and supervision of the construction

    (5) Capital

    10 million yen

    (6) Date of establishment

    September 26, 2001

    (7) Net assets

    -15,951 million yen (as of March 31, 2025)

    (8) Total assets

    1,463 million yen (as of March 31, 2025)

    (9) Shareholders and

    shareholding ratios

    the Company 50%, Furukawa Electric 50%

    (10) With listed companies

    Relationship with the Company

    Capital

    Relations

    Equity-method company of the Company

    Relationships

    Two people from our company are its officers

    Business

    relationship

    There are funds to be lent from the Company

    Applicable

    status to related parties

    Equity method company of the Company an d related party

  3. Contents of the waiver

    (1) Types of receivables

    Long-term loans

    (2) Amount of receivables

    Ratio to Consolidated Net Assets for the Fiscal Year Ended March 2025

    8,266 million yen

    1.9％

    (3) Date

    March 27, 2026

  4. Future outlook

The amount of 8,266 million yen was recorded as an allowance for bad debts in the previous fiscal year, and the impact on individual and consolidated results for the fiscal year ended March 2026 was minor.