SWCC to fully acquire SFCC, ending joint venture with Furukawa Electric

SWCC Corporation will acquire all shares of Showa Furukawa Cable Co., Ltd. (SFCC) held by Furukawa Electric Co., Ltd. on March 31, 2026, terminating their joint venture agreement. This move will make SFCC a wholly-owned subsidiary of SWCC. The acquisition aims to enhance SFCC's competitiveness by consolidating management resources and accelerating business decisions amidst ongoing challenges in the domestic construction and electrical equipment markets.

SFCC, established on April 1, 2020, as a joint sales company, later integrated manufacturing businesses from both parties on July 1, 2022, to boost efficiency and competitiveness. Despite achieving results beyond initial expectations, SWCC believes full ownership is necessary for SFCC's continued growth. Following the termination, SFCC products will be rebranded from "SWCC・FURUKAWA" to "SFCC," although SFCC will continue selling "Rakuraku Aluminum Cable" manufactured by FEMC.

The acquisition price for the 20.0% stake held by Furukawa Electric is yet to be determined, with the resolution made by SWCC's Board of Directors on November 27, 2025. The signing of a memorandum for the termination is planned for February 27, 2026. The impact on SWCC's consolidated results for the current fiscal year is expected to be insignificant.