Furukawa Electric : Notice of Transfer of Executives and Directors and New Duties

March 5, 2026

Name of Company Furukawa Electric Co., Ltd. Name of Representative Hideya Moridaira, President

(Code: 5801 Prime Market of the Tokyo Stock Exchange)

Contact Hiroko Takita,

Corporate Vice President and General Manager of Investor Relations Dept.

(TEL +81-3-6281-8540)

At the Board of Directors Meeting held on March 5, a decision was made on the transfer of executives and new duties effective April 1. In addition, a tentative decision was made on the candidates for Director (excluding Directors who are members of the Audit & Supervisory Committee) to be proposed at the Annual Shareholders Meeting scheduled to be held in June. The details of these decisions are as follows along with the organizational changes that will take effect on April 1.

1. As of June 26, 2026

   1. Retiring Directors

      Name	New Position and Duties after Retiring	Current Position and Duties
      Keiichi Kobayashi	Executive Ambassador	Director and Chairman of the Board

      *Will continue to also use "Chairman of the Board" as an unofficial title after retirement

      *It is planned to retire from Director and Chairman of the Board and to appoint an Outside Director as Chairman of the Board at the 204th Annual Shareholders Meeting.

   2. Candidates for Director (excluding Directors who are members of the Audit & 3/5/2026Supervisory Committee)

   Name	New Position and Duties	Position and Duties Prior to Appointment
   Hideya Moridaira	(Position and duties remain unchanged from those prior to appointment)	Representative Director, President and CEO (Chief Executive Officer)
   Satoshi Miyamoto	(Position and duties remain unchanged from those prior to appointment)	Representative Director, Corporate Executive Director and CSO (Chief Strategy Officer)
   Koji Aoshima	(Position and duties remain unchanged from those prior to appointment)	Representative Director, Corporate Senior Vice President and CFO (Chief Financial Officer)
   Takashi Tsukamoto	(Position remains unchanged from that prior to appointment)	Outside Director
   Yukiko Yabu	(Position remains unchanged from that prior to appointment)	Outside Director
   Tamotsu Saito	(Position remains unchanged from that prior to appointment)	Outside Director

   Takeo Hoshino

   (Position remains unchanged from that prior to appointment)

   Outside Director

2. As of April 1, 2026

   1. Retiring Corporate Vice Presidents

      Name	New Position	Current Position and Duties
      Foad Shaikhzadeh	Chairman, Lightera*	Corporate Senior Vice President, Chairman & CEO, Lightera*
      Toshihiko Ota	Advisor, Digital Infrastructure Components Domain	Corporate Senior Vice President, General Manager, Communications Solutions Division and Project Team Leader of the Next Generation Photonics Business Innovation Project Team
      Takaaki Sugii	Advisor of CPO (Chief Productivity Officer)	Corporate Vice President, Deputy General Manager, Strategy Division
      Mami Masuda	Advisor of CFO (Chief Financial Officer)	Corporate Vice President, General Manager, Corporate Sustainability Office and General Manager, Public Relations Department, Strategy Division
      Yukitoshi Sawamoto	Managing Director, Furukawa (Thailand) Co., Ltd.	Corporate Vice President, Managing Director, Furukawa (Thailand) Co., Ltd.

      *Lightera is a global joint venture of the Optical Solutions Division, consisting of Lightera Japan Co., Ltd., Lightera, LLC (U.S.), and Lightera LatAm S.A.

   2. Retiring Senior Fellows

      Name	New Position	Current Position and Duties
      Michio	President, Furukawa Research Inc.	Senior Fellow,
      Okubo		General Manager, Intellectual Property
      		Department, Research & Development
      		Division

   3. New Corporate Vice Presidents

      Name	New Position and Duties	Current Position and Duties
      Tatsuo Shimada	Corporate Vice President, General Manager, Copper & High Performance Material Products Division, Metal Solutions Domain	General Manager, Copper & High Performance Material Products Division, Electronics Component Material Division
      Kenya Kawabata	Corporate Vice President, General Manager, Thermal Management Solution & Products Division, Digital Infrastructure Components Domain	General Manager, Thermal Management Solution & Products Division, Functional Products Division
      Satoshi Oguchi	Corporate Vice President, General Manager, Corporate Planning Department	Senior Fellow, General Manager, Portfolio Management Office, Corporate Planning Department, Strategy Division

   4. New Senior Fellow

      Name	New Position and Duties	Current Position and Duties
      Taeko Shibuta	Senior Fellow, General Manager, Intellectual Property Department	Director, Sustainable Technology Laboratory, Research & Development Division

   5. Promotions

      Name	New Position and Duties	Current Position and Duties
      Toshio Yanagi	Corporate Senior Vice President, CGO (Chief Governance Officer)	Corporate Vice President, General Manager, Risk Management Department
      Akira Fujisaki	Corporate Senior Vice President, CTO (Chief Technology Officer)	Corporate Vice President, General Manager, Research & Development Division
      Shinji Asao	Corporate Senior Vice President, General Manager, Optical Solutions Domain	Corporate Vice President, General Manager, Optical Solutions Division

   6. Changes to the Duties of Executives

      Name	Position and New Duties	Current Position and Duties
      Hideya Moridaira	Representative Director and President, CEO (Chief Executive Officer)	Representative Director and President
      Satoshi Miyamoto	Representative Director and Corporate Executive Vice President, CSO (Chief Strategy Officer)	Representative Director and Corporate Executive Vice President, General Manager, the Strategy Division
      Koji Aoshima	Representative Director and Corporate Senior Vice President, CFO (Chief Financial Officer)	Representative Director and Corporate Senior Vice President, General Manager, Finance & Accounting Division
      Ryoji Ono	Corporate Executive Vice President, General Manager, Digital Infrastructure Components Domain	Corporate Executive Vice President, General Manager, Functional Products Division and General Manager, FITEL Products Division
      Yoshio Masutani	Corporate Senior Vice President, General Manager, New Business Development Division and CMO (Chief Marketing Officer)	Corporate Senior Vice President, General Manager, Global Marketing Sales Division
      Takashi Yamamoto	Corporate Senior Vice President, General Manager, Metal Solutions Domain	Corporate Senior Vice President, General Manager, Electronics Component Material Division
      Teruyoshi Uchida	Corporate Senior Vice President, General Manager, Automotive Systems Domain	Corporate Senior Vice President, General Manager, Automotive Products Division
      Eiichi Nishimura	Corporate Senior Vice President, General Manager, Energy Infrastructure Domain	Corporate Senior Vice President, General Manager, Energy Infrastructure Division and General Manager, Industrial Cable & Power Cable Accessories Division, Energy Infrastructure Division
      Gyula Besztercey	Corporate Vice President, Director, Furukawa Electric Institute of Technology Ltd. and Global R&D Integration	Corporate Vice President, Director, Furukawa Electric Institute of Technology Ltd. and Deputy General Manager , Research & Development Division
      Keiichiro Urakami	Corporate Vice President, General Manager, Central Japan Division	Corporate Vice President, General Manager, Chubu Branch, Global Marketing Sales Division
      Kazunori Saka	Corporate Vice President, General Manager, Western Japan Division	Corporate Vice President, General Manager, Kansai Branch, Global Sales Marketing Division
      Katashi Hanaya	Corporate Vice President, CPO (Chief Productivity Officer)	Corporate Vice President, President, Furukawa Techno Material Co., Ltd.

      Shozo Yano	Corporate Vice President, General Manager, AT & Functional Plastics Division, Digital Infrastructure Components Domain	Corporate Vice President, General Manager, AT & Functional Plastics Division, Functional Products Division
      Koji Kawano	Corporate Vice President, General Manager, Sales Department	Corporate Vice President, General Manager, Sales Department, Global Sales Marketing Division
      Takeshi Ogamino	Corporate Vice President, General Manager, FITEL Products Division, Digital Infrastructure Components Domain	Corporate Vice President, General Manager, FITEL Products Division
      Akifumi Nakajima	Corporate Vice President, CSCO (Chief Supply Chain Officer)	Corporate Vice President, General Manager, MONOZUKURI Innovation Division
      Keiichi Nishimura	Corporate Vice President, Deputy General Manager, Automotive Systems Domain	Corporate Vice President, Deputy General Manager, Automotive Products Division
      Hiroko Takita	Corporate Vice President, CHRO (Chief Human Resource Officer)	Corporate Vice President, General Manager, Investor Relations Department, Finance & Accounting Division
      Shigeru Tokuda	Corporate Vice President, President, Furukawa Electric Metal Cable Co., Ltd.	Corporate Vice President, President, Furukawa Electric Metal Cable Co., Ltd. and Deputy General Manager, Industrial Cable & Power Cable Accessories Division, Energy Infrastructure Division
      Holly Hulse	Corporate Vice President, CEO, Lightera*	Corporate Vice President, President & COO, Lightera

      *Lightera is a global joint venture of the Optical Solutions Division, consisting of Lightera Japan Co., Ltd., Lightera, LLC (U.S.), and Lightera LatAm S.A.

   7. Changes to the Duties of Senior Fellows

   Name	Position and New Duties	Current Position and Duties
   Hiromi Ohashi	Senior Fellow, Deputy General Manager, Photonic- Electronics Convergence Devices Division, Digital Infrastructure Components Domain	Senior Fellow, Deputy General Manager, Next Generation Photonics Business Innovation Project Team, Communications Solutions Division
   Kazutaka Nara	Senior Fellow, General Manager, Social Design & New Business Development Department, New Business Development Division	Senior Fellow, General Manager, Social Design & New Business Development Department, Global Marketing Sales Division

3. Organizational Revisions as of April 1, 2026

1. Abolish the Business and Process Transformation Team directly reporting to the president.

2. Abolish the Strategy Division, Risk Management Division, Finance & Accounting Division, Research &

   Development Division, MONOZUKURI Innovation Division and Global Marketing Sales Division, and appoint a CSO (Chief Strategy Officer), CFO (Chief Financial Officer), CTO (Chief Technology Officer), CMO (Chief Marketing Officer), CHRO (Chief Human Resource Officer), CPO (Chief Productivity Officer), CSCO (Chief

   Supply Chain Officer) and CGO (Chief Governance Officer).

3. Abolish the Communications Solutions Division, Energy Infrastructure Division, Electronics Component Material Division, Functional Products Division and Automotive Products Division.

4. Newly establish the Optical Solutions Domain, and within that domain, establish the Broadband and Network Business Division.

5. Newly establish the Digital Infrastructure Components Domain, and within that domain, establish the Thermal Management Solution & Products Division, AT & Functional Plastics Division, Memory Disk Division, FITEL Products Division, Copper Foil Division and Photonics-Electronics Convergence Devices Division.

6. Newly establish the Energy Infrastructure Domain, and within that domain, establish the Power Cable Division and HVDC Cable Division.

7. Newly establish the Automotive Systems Domain.

8. Newly establish the Metal Solutions Domain, and within that domain, establish the Copper & High

   Performance Material Products Division, Conductor Material Business Division and Superconducting Business Division.

9. Newly establish the New Business Development Division.