Furukawa Electric : Financial Summary for First Half of the Fiscal Year Ending March 31, 2026

[Japanese Accounting Standards] (Consolidated)

November 10, 2025

(Figures are rounded down to the nearest one million yen.)

1. Consolidated earnings for first half of the fiscal year ending March 31, 2026 (April 1, 2025 through September 30, 2025)

   1. Consolidated business results (cumulative) (Figures in percentages denote the year-on-year change.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      	Million yen	％	Million yen	％	Million yen	％	Million yen	％
      1sthalf of the fiscal year ending March 31, 2026	610,658	7.1	19,357	10.3	20,501	8.0	12,947	15.7
      1sthalf of the fiscal year ending March 31, 2025	570,366	13.4	17,545	-	18,989	-	11,194	-

      (Note) Comprehensive income:

      1sthalf of the fiscal year ending March 31, 2026: 21,628 Million yen [(41.6%)] 1sthalf of the fiscal year ending March 31, 2025: 37,049 Million yen [ 189.9% ]

      	Basic earnings per share	Diluted earnings per share
      	Yen	Yen
      1sthalf of the fiscal year ending March 31, 2026	183.83	-
      1sthalf of the fiscal year ending March 31, 2025	158.87	-

   2. Consolidated financial status

   	Total assets	Net assets	Equity capital ratio
   1sthalf of the fiscal year ending March 31, 2026	Million yen	Million yen	％
   	1,031,933	384,967	34.2
   Fiscal year ended March 31, 2025	987,016	373,336	34.6

   (Reference) Equity capital:

   1sthalf of the fiscal year ending March 31, 2026: 352,940 million yen Fiscal year ended March 31, 2025: 341,439 million yen

2. Dividends

   	Dividend per share
   	End of 1st Quarter	End of 2nd quarter	End of 3rd quarter	End of year	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended March 31, 2025	-	0.00	-	120.00	120.00
   Fiscal year ending March 31, 2026	-	0.00
   Fiscal year ending March 31, 2026 (forecast)			-	120.00	120.00

   (Note) Revision of forecast dividends in the quarter under review: No

3. Financial forecasts of consolidated operating results for fiscal year ending March 31, 2026 (April 1, 2025 to March 31, 2026)

   (Percentages indicate the rate of increase or decrease from the previous year.)

   	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent		Basic earnings per share
   Full year	Million yen	％	Million yen	％	Million yen	％	Million yen	％	Yen
   	1,200,000	(0.1)	53,000	12.5	52,000	7.1	36,000	7.9	511.13

   (Note) Revision of forecast in the quarter under review: No

   • Noted items

     (1) Any important change in the scope of consolidation during the term: Yes
     Newly consolidated: 6 companies (company name: Furukawa FITEL Optical Components Co., Ltd., Furukawa FITEL Optical Components America, Inc., Furukawa FITEL Optical Components Italy S.p.A., Furukawa FITEL Optical Components Thailand Ltd., Furukawa Electric Submarine Cable Co., Ltd., Riken Huatong (Tangshan) Cable Co.,Ltd) Excluded: 1 company (company name: KANZACC Co., Ltd.)
     (2) Adoption of accounting methods unique to the preparation of interim consolidated financial statements: No
     (3) Any changes in accounting policy or accounting estimates, and restatements
     1) Changes in accounting policy associated with revisions to accounting standards:	No
     2) Changes in accounting policy other than the changes in item 1):	No
     3) Changes in accounting estimates:	No
     4) Restatements:	No
     (4) Number of shares issued (common stock)
     1) Number of shares issued at the end of the term (including treasury stock)
     First half of the fiscal year ending March 31, 2026:	70,666,917 shares
     Fiscal year ended March 31, 2025:	70,666,917 shares
     2) Number of treasury stock at the end of the term
     First half of the fiscal year ending March 31, 2026:	318,728 shares
     Fiscal year ended March 31, 2025:	193,628 shares
     3) Average number of shares outstanding during the term (first half of the fiscal year)
     First half of the fiscal year ending March 31, 2026:	70,431,575 shares
     First half of the fiscal year ended March 31, 2025:	70,465,472 shares

     (Note) The number of treasury shares at the end of the term and the number of treasury shares deducted in calculating the average number of shares during the year include the Company's stock held in the trust account relating to Board Benefit Trust (BBT).

   • This financial summary is not subject to auditing procedures

   • Explanation about the proper use of financial forecasts and other special remarks

The above forecasts have been prepared based on information available at the time of the announcement and assumptions at the time of the announcement associated with uncertain factors that may affect the Company's performance in the future. Actual results may differ materially from the forecasts presented in this document, depending on various factors in the future.