Furukawa Electric Co., Ltd. TSE:5801

Furukawa Electric : Presentation Materials for the Fiscal Year Ended March 31, 2026

Published

Source: MarketScreener





Furukawa Electric Group FY2025 Financial Results

May 12, 2026

Hideya Moridaira, President, Chief Executive Officer

Koji Aoshima, Representative Director & Senior Executive Officer, Chief Financial Officer Furukawa Electric Co., Ltd.

© FURUKAWA ELECTRIC CO., LTD.

Highlights of the FY25 Financial Results and FY26 Forecasts

  • FY25 Financial Results Highlights

  • FY26 Forecasts Highlights

  • (Reference) Impact of the tense situation in the Middle East

  • Shareholder Returns

    Details of the FY25 Financial Results and FY26 Forecasts

  • FY25 Financial Results -P/L Summary, Breakdown of Changes in Net Sales & Operating Profit, Net Sales & Operating Profit by Segment

    -B/S Summary

  • About the Changes to the Segments

  • FY26 Forecasts -P/L Summary, Breakdown of Changes in Net Sales & Operating Profit, Net Sales &Operating Profit by Segment

  • CAPEX, Depreciation & Amortization and R&D Expenses

In the fiscal year ended March 31, 2026, a determination was made on the provisional accounting treatment concerning business combination, and the details of the determined provisional accounting treatment have been reflected in the figures for the fiscal year ended March 31, 2025.

Appendix

© FURUKAWA ELECTRIC CO., LTD. 3

Agenda





Highlights of the FY25 Financial Results and FY26 Forecasts

© FURUKAWA ELECTRIC CO., LTD.

4





  • Achieved increased profit on higher revenue compared to last year as a result of increased demand for data center related products
  • Operating profit was JPY 63.9 billion (JPY +7.9 billion compared to the previous forecast; all segments exceeded the forecast)
  • Achieved the financial targets in the 2025 Mid-term Plan

    Net sales

    JPY 1,307.6 billion

    YoY ＋9％

    Operating profit

    JPY 63.9 billion

    YoY ＋36％

    Ordinary profit

    JPY 75.9 billion

    YoY ＋56％

    Profit attributable to

    owners of parent

    JPY 72.5 billion

    YoY ＋117％

    ０

    *

    Operating profit: JPY +7.9 billion compared to the previous forecast*



    2025 Mid-term Plan: FY25 financial target and results

    Results

    Target

    (announced May 26, 2022)

    ROIC (after tax)

    12.2％

    More than 6%

    ROE

    19.1%

    More than 11%

    Net D/E ratio

    0.6

    0.8 or below

    Capital ratio

    39.1%

    More than 35%

    Net sales

    JPY 1.3 trillion

    More than JPY 1.1 trillion

    Operating profit

    JPY 63.9 billion

    More than JPY 58.0 billion

    Net income attributable to owners of the parent

    JPY 72.5 billion

    More than JPY 37.0 billion

    • Communications Solutions

    • Energy Infrastructure

    • Automotive Products & Batteries

    • Electronics Component Material

    • Functional Products

    • Service and Developments, etc.

* Announced on February 9, 2026 5

  • Data center related products contributed to profit growth
  • The impact of the situation in the Middle East on economic activities has not been reflected in the forecast at this time (refer to page 7)

Net sales

JPY 1,460.0 billion

YoY ＋12％

Operating profit

JPY 95.0 billion

YoY ＋49％

Ordinary profit

JPY 100.0 billion

YoY ＋32％

Profit attributable to

owners of parent

JPY 82.0 billion

YoY ＋13％

Growth of data center related products

  • Plan to start mass production of water-cooled module products (scheduled in June 2026)

  • Net sales growth (including the benefits from investing in increased production) of rollable ribbon cable, MT ferrules and optical semiconductor products (DFB laser chips, etc.)

  • Shift in the product mix of copper foil products

    6

    • As it is currently not possible to reasonably estimate the impact of increases in raw material and transportation costs (primarily synthetic resins), as well as changes in customer demand, these factors have not been reflected in the FY2026 forecast.

      Decreased sales due to a shortage of raw materials

Incorporate the higher costs in the sales price

Switch to alternative materials and suppliers

Including

Plastic materials

Consumable items and secondary materials

Electricity, gas and other energy expenses

Transportation expenses

Increased costs (raw materials and transportation)

Impact Response

Changes in customer demand

Decreased sales

Quickly gather information, and optimize production based on that information

7



  • Planned to issue a dividend of JPY 210 per share in FY25

    （Increase of JPY 50 from the dividend of JPY 160 announced on February 9, 2026)

  • Forecast to issue a dividend of JPY 220 per share in FY26. Also, it is planned to reinstate an interim dividend

    *Annual dividend per share taking into account the impact of the stock split would be JPY 22

    60

    80

    60

    Annual dividend per share (JPY)

    120 210 220

    FY21 FY22 FY23 FY24 FY25

    (planned)

    FY26

    (forecast)

    Profit attributable to owners of parent

    JPY 10.1

    billion

    JPY 15.9

    billion

    JPY 6.5

    billion

    JPY 33.4

    billion

    JPY 72.5

    billion

    JPY 82.0

    billion

    Dividend payout ratio

    41.8%

    35.4%

    64.9%

    25.4％

    20.4％

    18.9％

    DOE

    3.9%

    3.5％

  • Changes to the shareholder return policy The Company's basic policy is to provide stable and continuous returns to shareholders and to link dividend payments to business performance, with a target of 30% of profit attributable to owners of parent.

  • Implementation of a stock split

During the Vision 2030 period (FY2026-FY2030), the Company aims to maintain stable shareholder returns while continuing investments to enhance corporate value, with dividends generally targeting 3.5% of shareholders' equity.

Effective on July 1, 2026, a 10-for-1 split of common shares will be implemented. 8



Details of the FY25 Financial Results and FY26 Forecasts

© FURUKAWA ELECTRIC CO., LTD.







FY25 Financial Results -P/L Summary

（JPY billion）

FY24

Results

FY25

Previous forecasts*

FY25

Results

YoY change

Change from previous forecasts

Breakdown of changes (Full year YoY)

a

b

c

c-a

c-b

Net sales

1,201.8

1,300.0

1,307.6

+105.8

+7.6

See page 11

  • Increased profit on higher revenue in

Operating profit

47.0

56.0

63.9

+16.8

+7.9

See page 12

all segments

  • Impact of soaring copper prices

(Margin)

3.9%

4.3%

4.9%

+1.0

+0.6

Interest income (expenses)

(8.0)

-

(8.0)

+0.0

-

Share of profit (loss) of entities accounted for

using equity method

10.6

-

16.5

+5.9

-

  • Strong results at entities accounted for

using equity method

Foreign exhange gains (losses)

(2.2)

-

0.2

+2.4

-

Ordinary profit

(Margin)

48.5

4.0%

65.0

5.0%

75.9

5.8%

+27.4

+1.8

+10.9

+0.8

Extraordinary income (losses)

5.5

16.5

29.1

+23.6

+12.6

Extraordinary income: +20.4

[19.8 → 40.2]

  • Gain on the revision to the retirement benefit plan

  • Decreased recording of provision for

Income taxes

(16.7)

-

(29.0)

(12.3)

-

Profit attributable to non-controlling interests

(3.9)

-

(3.4)

+0.6

-

Profit attributable to owners of parent

33.4

54.0

72.5

+39.2

+18.5

[ (14.3) → (11.1)]

product warranties

(Margin)

2.8%

4.2%

5.5%

+2.8

+1.4

Average copper price (JPY/kg)

1,478

1,694

1,695

+217

+1

Average exhange rate (JPY/USD)

153

149

151

(2)

+2

* Announced on February 9, 2026 10

-Breakdown of Changes in Net Sales

(JPY billion)

JPY +105.8 billion

0

Including changes in the scope of consolidation

11







-Breakdown of Changes in Operating Profit

(JPY billion)

JPY +16.8 billion

Depreciation: (1.9)

R&D expenses: (3.0)

Including

personnel expense: (9.0)

Including impact of TWD

appreciation: (0.6)

0

Communications Solutions: +12.1

Energy Infrastructure: +0.8 Automotive Products & Batteries: +0.2 Electronics Component Material: (0.4) Functional Products: +2.9

Others: +0.7

Communications Solutions: (1.1) Electronics Component Material: +0.4 Functional Products: (1.9)

Communications Solutions: +15.5

Energy Infrastructure: (0.3) Automotive Products & Batteries: +2.5 Electronics Component Material: +1.1 Functional Products: +3.8

Others: +0.5

12

  • FY25 results of Operating profit exceeded previous forecast in all segment

FY24

Results

FY25

Previous forecasts*

FY25

Results

YoY change

Change from previous forecasts

FY24

Results

FY25

Previous forecasts*

FY25

Results

YoY change

Change from previous forecasts

a

b

c

c-a

c-b

d

e

ｆ

f-d

f-e

309.1

375.0

370.9

+61.8

(4.1)

5.7

18.0

21.4

+15.7

+3.4

167.0

235.0

229.3

+62.3

(5.7)

(4.1)

10.0

11.8

+15.9

+1.8

142.1

140.0

141.6

(0.5)

+1.6

9.8

8.0

9.6

(0.2)

+1.6

736.4

770.0

765.1

+28.6

(4.9)

32.6

30.0

33.9

+1.3

+3.9

409.5

395.0

397.8

(11.7)

+2.8

27.6

26.0

28.0

+0.4

+2.0

327.0

375.0

367.3

+40.3

(7.7)

5.0

4.0

5.9

+0.9

+1.9

147.0

155.0

161.1

+14.1

+6.1

14.1

15.0

15.4

+1.3

+0.4

34.8

40.0

42.2

+7.4

+2.2

(5.4)

(7.0)

(6.7)

(1.3)

+0.3

(25.6)

(40.0)

(31.7)

(6.1)

+8.3

(0.1)

0.0

(0.1)

(0.1)

(0.1)

1,201.8

1,300.0

1,307.6

+105.8

+7.6

47.0

56.0

63.9

+16.8

+7.9

(JPY billion) Net sales Operating profit

Infrastructure



Communications Solutions Energy infrastructure

Electronics &

Automotive Systems

Automotive Products & Batteries



Electronics Component Materials



Functional Products Service

and Developments, etc.



Elimination of intra-company transactions

Total

*Announced on February 9, 2026 13

Infrastructure

Communications Solutions

(JPY billion)

FY24

Results

FY25

Previous forecasts *

FY25

Results

YoY change

Change from previous forecasts

a

b

c

c-a

c-b

Net sales

167.0

235.0

229.3

+62.3

(5.7)

Operating

profit

(4.1)

10.0

11.8

+15.9

+1.8

Compared to last year: Increased profit on higher revenue (+) Increased sales of data center related products, etc. (±) Impact from new consolidations

Compared to previous forecast: Overperformed

(+) Increased sales of data center related products, etc. (+) Impact of exchange rates

Energy infrastructure

(JPY billion)

FY24

Results

FY25

Previous forecasts *

FY25

Results

YoY change

Change from previous forecasts

a

b

c

c-a

c-b

Net sales

142.1

140.0

141.6

(0.5)

+1.6

Operating

profit

9.8

8.0

9.6

(0.2)

+1.6

Compared to last year: Profit and revenue remain unchanged

Compared to previous forecast: Overperformed

(+) Increased sales of functional power cables and transmission components

(+) Cost reduction

* Announced on February 9, 2026 14

Electronics & Automotive Systems

Automotive Products & Batteries

(JPY billion)

FY24

Results

FY25

Previous forecasts *1

FY25

Results

YoY change*2

Change from previous forecasts

a

b

c

c-a

c-b

Net sales

409.5

395.0

397.8

(11.7)

+2.8

Operating

profit

27.6

26.0

28.0

+0.4

+2.0

Compared to last year: Increased profit on lower revenue

(+)Slightly increased sales for Japan and price optimization (-) Decreased sales of batteries, and deconsolidation of the

battery business from Q4 onward

Compared to previous forecast: Overperformed (+) Price optimization

Electronics Component Material

(JPY billion)

FY24

Results

FY25

Previous forecasts *1

FY25

Results

YoY change

Change from previous forecasts

a

b

c

c-a

c-b

Net sales

327.0

375.0

367.3

+40.3 *3

(7.7)

Operating

profit

5.0

4.0

5.9

+0.9

+1.9

Compared to last year: Increased profit on higher revenue

(+)Gradual recovery in demand

(+) Improvement in the product mix

Compared to previous forecast: Overperformed (+) Profit recovered due to stable copper prices

FY24

FY25Q4

previous forecast

FY25Q4

result

FY25

Average copper price (JPY/kg)

1,478

2,100

2,106

1,695

Average exchange rate

(JPY/USD)

153

150

157

151

*1 Announced on February 9, 2026

*2 Impact of the deconsolidation of the batteries business Net sales: Approximately JPY (21.0) billion Operating profit: Approximately JPY (2.0) billion

*3 Including the impact of changes in copper prices and

foreign currency exchange (Approximately JPY 30.0 billion) 15

Functional Products

(JPY billion)

FY24

Results

FY25

Previous forecasts *

FY25

Results

YoY change

Change from previous forecasts

a

b

c

c-a

c-b

Net sales

147.0

155.0

161.1

+14.1

+6.1

Operating

profit

14.1

15.0

15.4

+1.3

+0.4

Compared to last year: Increased profit on higher revenue (+) Increased sales of data center related products

Compared to previous forecast: Generally unchanged

Service and Developments, etc.

(JPY billion)

FY24

Results

FY25

Previous forecasts *

FY25

Results

YoY change

Change from previous forecasts

a

b

c

c-a

c-b

Net sales

34.8

40.0

42.2

+7.4

+2.2

Operating

profit

(5.4)

(7.0)

(6.7)

(1.3)

+0.3

Compared to last year: Decreased profit on higher revenue

(-) Increased expenses incurred for launching new businesses (+) Increased revenue from sales companies

* Announced on February 9, 2026 16



FY25 Financial Results -B/S Summary

(JPY billion)

a b b-a

End of FY24Q4

End of FY25Q4

Change

Total assets: Increased by JPY 78.3 billion

Impact of reorganization of

・The Furukawa Battery Co., Ltd.

・Shenyang Furukawa Cable Co., Ltd.: JPY (75.0) billion Cash and deposits: JPY +13.0 billion

Notes and accounts receivable -trade,

and contract assets: JPY +36.0 billion Total inventories: JPY +28.0 billion

No-current assets: JPY +30.0 billion

Investment securities: JPY +35.0 billion Impact of change in scope of consolidation: JPY +13.0 billion

FY24

FY25

Free cash flow

JPY +52.6

billion

JPY (19.0)

billion

Operating cash flow

JPY +59.8 billion

JPY +28.1 billion

Investing cash flow

JPY (7.2) billion

JPY (47.1) billion



Increase working capital: JPY 54.0 billion

Current assets

556.4

595.5

+39.1

Cash and deposits

60.0

69.2

+9.2

Notes and accounts receivable - trade,

and contract assets

260.6

266.5

+5.9

Total inventories

195.0

210.9

+15.9

Non-current assets

431.6

470.9

+39.3

Property, plant and equipment

277.0

276.9

(0.1)

Intangible assets

24.0

25.4

+1.4

Investments and other assets

130.6

168.5

+37.9

Total assets

988.1

1,066.4

+78.3

Current liabilities

394.5

428.7

+34.2

Non-current liabilities

219.8

202.5

(17.4)

Total liabilities

614.3

631.1

+16.9

Shareholders' equity

291.5

356.2

+64.7

Accumulated other

comprehensive income

49.9

60.9

+10.9

Non-controlling interests

32.3

18.2

(14.2)

Total net assets

373.8

435.2

+61.5

Total liabilities and net

assets

988.1

1,066.4

+78.3

Equity capital ratio

34.6%



39.1%

+4.5

Net interest-bearing debt

246.2

247.5

+1.3

Net D/E ratio

0.72

0.59

(0.13)

ROE

10.0%

19.1%

+9.1

17



FY26 Forecasts

© FURUKAWA ELECTRIC CO., LTD.







About the Changes to the Segments

  • From FY2026, the organization has been reorganized into 6 new segments (reorganized with a market-based structure)

  • Strengthen the management structure, and accelerate growth in the data center domain

Communications

Solutions

Lightera,

FITEL Products,

Broadband Solutions

Energy Infrastructure Power Cable, Industrial Cable &

Power Cable Accessories

Automotive Products Automotive Products, Batteries＊

& Batteries

Metal Solutions

Automotive Systems

Energy Infrastructure

Electronics Electric Conductor, Copper & High- Performance Material

Component Material Products

Digital Infrastructure Components

Previous segments

Infrastructure

New segments

Optical Solutions

Integrated Lightera (optical fiber & cable products business) and the Broadband Solutions business

Integrated the Functional Products business and FITEL Products business

Electronics

& Automotive Systems

Functional Products

Service and Developments, etc.

AT & Functional Plastics, Thermal Management Solutions & Products

Memory Disk, Copper Foil

Hydroelectric Power Generation, Research & Development of New Products (including Superconducting business), Real Estate Leasing, etc.

Service and Developments, etc.

Integrated the Electronics Component Material business and Superconductor business

Transferred the specialty metals business within the copper & High-Performance Material Products business

* Battery business had been consolidated until FY25Q3 19





FY26 Forecasts -P/L Summary

(JPY billion)

FY25

FY26

YoY change

Breakdown of changes

H1

H2

Results

H1

H2

Forecasts

H1

H2

(Full year YoY)

a

b

b-a

Net sales

610.7

696.9

1307.6

700.0

760.0

1460.0

+89.3

+63.1 +152.4

See page 21

Operating profit

19.1

44.7

63.9

35.0

60.0

95.0

+15.9

+15.3 +31.1

See page 22

(Margin)

3.1%

6.4%

4.9%

5.0%

7.9%

6.5%

+1.9

+1.5 +1.6

Interest income (expenses)

(3.9)

(4.1)

(8.0)

-

-

-

-

－ －

Share of profit (loss) of entities

accounted for using equity method

5.1

11.5

16.5

-

-

-

-

－ －

Foreign exhange gains (losses)

(2.0)

2.1

0.2

-

-

-

-

－ －

Ordinary profit

20.3

55.6

75.9

37.0

63.0

100.0

+16.7

+7.4 +24.1

(Margin)

3.3%

8.0%

5.8%

5.3%

8.3%

6.8%

+2.0

+0.3 +1.0

Extraordinary income (losses)

0.4

28.7

29.1

0.5

20.5

21.0

+0.2

(8.2) (8.0)

Income taxes

(6.2)

(22.8)

(29.0)

-

-

-

-

－ －

Profit attributable to non-controlling

interests

(1.5)

(1.8)

(3.4)

-

-

-

-

－ －

Profit attributable to

owners of parent

12.9

59.7

72.5

25.0

57.0

82.0

+12.1

(2.7) +9.5

（Margin）

2.1%

8.6%

5.5%

3.6%

7.5%

5.6%

+1.5

(1.1) +0.1

Average copper price (JPY/kg)

1,461

1,929

1,695

2,000

2,000

2,000

+539

+71 +305

Average exhange rate (USD/JPY)

146

155

151

150

150

150

+4

(5) (1)

20

-Breakdown of Changes in Net Sales

(JPY billion)

JPY +152.4 billion

0

Including changes in the scope of consolidation

21







-Breakdown of Changes in Operating Profit

(JPY billion)

JPY +31.1 billion

Depreciation: (2.8)

R&D expenses: (1.6)

Including

Personal expense: (12.0)

0

Optical Solutions: +15.5

Digital Infrastructure Components: +35.1 Energy Infrastructure: (1.9)

Automotive Systems: +1.1

Metal Solutions: +1.5

Others: (0.8)

Optical Solutions: +8.1

Digital Infrastructure Components: +2.1 Energy Infrastructure: +0.4

Automotive Systems: +0.6

Metal Solutions: +1.1

Others: (1.8)

22

(JPY billion)

Net sales

FY25

FY26 Forecasts

YoY change

H1

H2

H1

H2

H1

H2

a

b

b-a

Optical Solutions

91.0

105.9

196.9

115.0

125.0

240.0

+24.0

+19.1

+43.1

Digital Infrastructure Components

96.5

101.4

198.0

130.0

180.0

310.0

+33.5

+78.6

+112.0

Energy Infrastructure

67.2

71.7

138.8

65.0

65.0

130.0

(2.2)

(6.7)

(8.8)

Automotive Systems

167.1

190.4

357.5

180.0

180.0

360.0

+12.9

(10.4)

+2.5

Metal Solutions

160.4

212.6

372.9

220.0

225.0

445.0

+59.6

+12.4

+72.1

Service and Developments, etc. *

58.4

47.5

105.8

25.0

25.0

50.0

(33.4)

(22.5)

(55.8)

Elimination of intra-company transactions

(29.9)

(32.6)

(62.5)

(35.0)

(40.0)

(75.0)

(5.1)

(7.4)

(12.5)

Total

610.7

696.9

1,307.6

700.0

760.0

1,460.0

+89.3

+63.1

+152.4

Operating profit

FY25

FY26 Forecasts

YoY change

H1

H2

H1

H2

H1

H2

c

d

d-c

0.7

10.0

10.7

11.0

16.0

27.0

+10.3

+6.0

+16.3

6.3

9.7

15.9

10.0

29.0

39.0

+3.7

+19.3

+23.0

2.8

7.2

10.0

4.0

3.0

7.0

+1.2

(4.2)

(3.0)

10.3

16.0

26.4

12.0

11.0

23.0

+1.7

(5.0)

(3.4)

1.6

1.8

3.4

1.0

3.0

4.0

(0.6)

+1.2

+0.6

(2.5)

0.1

(2.4)

(3.0)

(2.0)

(5.0)

(0.5)

(2.1)

(2.6)

(0.1)

(0.1)

(0.2)

0.0

0.0

0.0

+0.1

+0.1

+0.2

19.1

44.7

63.9

35.0

60.0

95.0

+15.9

+15.3

+31.1

* FY2025 financial results of the Battery business have been included in Service and Developments, etc. (consolidated until FY2025 Q3)

Impact of the deconsolidation of the batteries business Net sales: Approximately JPY (59.0) billion Operating profit: Approximately JPY (1.8) billion

23



FY26 Forecasts

-Net Sales & Operating Profit By Segment
  • Demand for data center related products is expected to remain robust

(JPY billion) FY25 FY26 Forecasts YoY

Segment H1

Q3 Q4

H2 H1 H2

change Breakdown of changes

10.7 11.0

16.0

15.9 10.0

29.0

10.0 4.0

3.0

26.4 12.0

11.0

3.4 1.0

3.0

63.9 35.0

60.0

0.7 2.0 8.0 10.0

Optical Solutions

Increased sales of data center related products

27.0

+16.3

39.0

+23.1

7.0

(3.0)

23.0

(3.4)

4.0

+0.6

3.7

5.9

3.0

4.2

6.9

9.1

(0.3)

2.1

15.9

28.9

・Rollable ribbon cable, MT ferrules

Digital Infrastructure Components

Energy Infrastructure

Automotive Systems

6.3

2.8

10.3

9.7

7.2

16.0

Increased sales of data center related products

・Water-cooled modules, copper foil for high frequency printed wiring boards, optical semiconductor related products

Generally firm demand environment is expected to remain ongoing (in line with expectations given the characteristics of the business)

Increased fixed expenses, and fiercer competition in China

1.6

Metal Solutions

1.8

Generally unchanged from FY2025

Total

（Including Service and Developments, etc., elimination of intra-company transactions) *

19.1

44.7

95.0

+31.1

* FY2025 financial results of the Battery business have been included in Service and Developments, etc. (consolidated until FY2025 Q3) 24





Optical Solutions

FY26_Forecasts

(JPY billion)

FY25

Results

FY26

Forecasts

YoY change

a

b

b-a

Net sales

196.9

240.0

+43.1

Operating

profit

10.7

27.0

+16.3

Recognition of the business environment

Increased demand for data center related products

(Data center operators, dark fiber and communication system providers)

【Factors affecting profits】

(+) Increased sales of data center related products, etc.

MT ferrules

and solution

  • Develop, increase production and expand sales of data center

related products

Rollable ribbon cables

Key points

25





Digital Infrastructure Components

FY26_Forecasts

(JPY billion)

FY25

Results

FY26

Forecasts

YoY change

a

b

b-a

Net sales

198.0

310.0

+112.0

Operating

profit

15.9

39.0

+23.1

Recognition of the business environment

【Factors affecting profits】

  • Increase production and sales of high-value-added products for data

    center

    • Start mass production of water-cooled modules

    • Shift the product mix of copper foil products (copper foil for high frequency printed wiring boards)

    • Increased production of optical semiconductor related products

Optical semiconductor

related products

  • DFB laser chips*1

  • Light source for Raman amplifiers

  • SOA*2

26

Key points

Thin aluminum blanks for HDD

High performance foam products

Copper foil for high frequency circuit boards

High performance heat dissipation and cooling products

Tapes for semiconductor process

Increased demand for data center related products

(+) Increased sales of data center related products

*1 Distributed Feedback Laser

*2 Semiconductor Optical Amplifier





Energy Infrastructure

FY26_Forecasts

(JPY billion)

FY25

Results

FY26

Forecasts

YoY change

a

b

b-a

Net sales

138.8

130.0

(8.8)

Operating

profit

10.0

7.0

(3.0)

Recognition of the business environment

Domestic extra-high voltage

Submarine lines

Functional power cable/ components

Steady demand

Steady demand in Japan for renewal of underground power cables and renewable energy projects

  • Generally firm demand environment is expected to remain ongoing (in line with expectations given the characteristics of the business)

    • Increase cable manufacturing and installation capacity

      Renewable energy projects

    • Increase sales by promoting marketing activities

    Rakuraku aluminum cable®

    Key points

Transmission and distribution components

Functional power cables

HVDC*

Domestic extra-high voltage and submarine cables

＊High Voltage Direct Current 27





Automotive Systems

FY26_Forecasts

(JPY billion)

FY25

Results

FY26

Forecasts

YoY change

a

b

b-a

Net sales

357.5

360.0

+2.5

Operating

profit

26.4

23.0

(3.4)

Customer's vehicle production volumes is expected to be generally unchanged from FY2025.

*Monitoring for changes in vehicle production volumes due to the tense situation in the Middle East

Recognition of the business environment

【 Factors affecting profits 】

・Generally firm demand environment

(-) Increased fixed expenses

(-) Fiercer competition in China

  • Respond to changes in the North America tariff scheme

    (USMCA)

  • Automation of assembly

  • Develop products for the EV market

Aluminum wire harnesses and high-voltage products

Key points

28





Metal Solutions

FY26_Forecasts

(JPY billion)

FY25

Results

FY26

Forecasts

YoY change

a

b

b-a

Net sales

372.9

445.0

*

+72.1

Operating

profit

3.4

4.0

+0.6

FY25

FY26 forecast

Average copper price (JPY/kg)

1,695

2,000

Average exchange rate

(JPY/USD)

151

150

Recognition of the business environment

Gradual recovery of demand for electronics related products

Key points

  • Improved product mix by expanding sales of high-value-added products

    Oxygen-free copper product lineup Ribbon cables &Square cables High performance (for power semiconductors (for high performance resistance materials

    and heat dissipation products) inductors and memory) (for smartphones and xEV)

  • Optimize sales prices and withdraw from low-margin products

  • Generally unchanged from FY25

* Including the impact of changes in copper prices and

foreign currency exchange (Approximately JPY 50.0 billion) 29





CAPEX, Depreciation & Amortization and R&D Expenses
  • Continue the activities aimed at increasing business profits and future growth

YoY change

FY26

Forecasts

(JPY billion)

FY24

Results

FY25

Previous Forecasts*¹

FY25

Results

YoY change

Change from previous forecasts

FY26

Forecasts

YoY change

a

b

c

c-a

c-b

d

d-c

CAPEX

38.6

60.0

56.7

+18.1

(3.3)

150.0

+93.3

Depreciation and amortization

41.3

42.0

43.2

+1.9

+1.2

46.0

+2.8

FY24

Results

FY25

Previous Forecasts*¹

FY25

Results

YoY change

Change from previous forecasts

(JPY billion)

30.0



R&D expenses 25.4 29.0

28.4

+3.0 (0.6)

a b c c-a c-b d d-c

+1.6

FY25*²

FY26 Forecasts

JPY

56.7

billion

JPY

150.0

billion

Heat dissipation and cooling products: About JPY 45.0 billion

DFB laser related: About JPY 7.0 billion

HVDC related: About JPY 16.0 billion



CAPEX R&D Expenses





FY25*² FY26 Forecasts

JPY

28.4

billion

JPY

30.0

billion

  • Optical Solutions

  • Digital Infrastructure Components

  • Energy Infrastructure

    *¹ Announced on February 9, 2026

    *² Reorganized based on new segments

    • Automotive Systems ●Metal Solutions

    • Service and Developments, etc. 30

Thank You

FURUKAWA ELECTRIC GROUP PURPOSE





Appendix

・Segments and Business Divisions

© FURUKAWA ELECTRIC CO., LTD.

32





Appendix．Segments and Business Divisions

Until FY25

Segment

Sub-segment

Business Division

Infrastructure

Communications Solutions

Optical Solutions (Fiber & Cables)

FITEL Products

Broadband Solutions Business

Energy Infrastructure

Power Cable

Industrial Cable & Power Cable Accessories

Electronics & Automotive Systems

Automotive Products & Batteries

Automotive Products

Batteries

Electronics Component Material

Electric Conductor

Copper & High Performance Material Products

Functional Products

AT & Functional Plastics

Thermal Management Solution & Products

Memory Disk

Copper Foil

Service and Developments, etc.

*1 High Voltage Direct Current

*2 Furukawa Electric Power Systems Co., Ltd.

*3 Furukawa Electric Metal Cable Co., Ltd.

After FY26

Segment

Business Division

Optical Solutions

Lightera

Broadband and Network Business

Digital Infrastructure Components

AT & Functionl Plastics

Thermal Management Solutions & Products

Memory Disk

Copper Foil

FITEL Products

Photonics-Electronics Convergence Devices

Energy Infrastructure

Power Cable

HVDC*1

FEMC*2、FEPS*3

Automotive Systems

Metal Solutions

Copper & High Performance Material Products

Electric Conductor

Superconducting Business

Service and Developments

33

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