Logistics, Information Processing / Software Development, Real Estate Leasing, Hydroelectric Power Generation, Research & Development of New Products
Results of operations in 2018 (Years ended March 31)
We are supporting the various businesses of the Furukawa Electric Group mainly with distribution and taking on various contract business, renting real estate, generating hydroelectric power, and promoting R&D on new products, etc. Please note that we transferred part of our holdings in Furukawa Information Technology Inc. (currently FITEC Corporation), the subsidiary responsible for the building, operation and maintenance of information systems within the Furukawa Electric Group, to Fujitsu Ltd. on October 1 last year, making the company an equity method affiliate.
The logistics business
The environmental and recycling business
The Furukawa Electric Group utilizes its nationwide network to collect out-of-service power lines and cables and recycle them through its dismantling system and at our plastic recycling plant, which are among Japan's largest. As a result, nearly 100% of conductor materials, such as copper and aluminum are recycled, even as we expand our use of insulation materials such as recycled plastic and fuel.