Completed conversion of MFOPTEX Co., Ltd. into a consolidated subsidiary
Furukawa Electric Co., Ltd. has acquired an additional 40% of the shares in MFOPTEX Co., Ltd. (hereinafter “MFO”), which was established as a joint venture with Mitsubishi Cable Industries, Ltd. As a result of the additional acquisition, Furukawa Electric now holds 80% of outstanding shares, and MFO has become a consolidated subsidiary.
Going forward, while maintaining MFO’s existing businesses, we will make the necessary investments in the growth domains targeted by MFO with the aim of expanding the businesses. In addition, by launching unique products that leverage the technology possessed by MFO, we will accelerate the development of new businesses directed at the life sciences domain and industrial equipment.
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MFOPTEX Co., Ltd. to become our consolidated subsidiary