Notice of Copper Wire Prices Revision

October 24, 2014

Furukawa Electric Co., Ltd. Electric Conductor Division will revise the selling prices of copper wire products as follows

Applicable products: The price revision applies to all types of copper wire products (copper wire rods, copper drawn wire)
Rate of increase: 5 yen/kg
Effective Date The new price will be effective from the deliveries on November 1, 2014
Reason for revision:

The product cost has continued to rise due to increase of energy costs such as electricity rates and fuel costs especially since the Great East Japan Earthquake Disaster. In addition, the rise in fuel prices leads to increases in transportation costs, and together with shortage of labor and transportation vehicle in the logistics industry, it is forced to approve increase of transportation vehicle procurement costs in order to ensure stable distribution.
Furukawa Electric has been building up efforts to improve costs through a variety of measures to improve productivity, including consolidation of production sites, but it is difficult to absorb all of the cost increases solely through our own efforts. Accordingly, Furukawa Electric concluded that we have to pass some of the cost increase on to product prices.

Furukawa Electric certainly does not wish to inconvenience any of our valued customers who use the products concerned, and Furukawa Electric would be most grateful for your understanding in light of these circumstances.

About Furukawa Electric Group

Furukawa Electric (TSE; 5801, ISIN; JP3827200001) Group started business in 1884, when its copper-smelting facility and wire manufacturing factory was established. Since then Furukawa Electric has become pioneers in the latest technologies by addressing diverse technological issues. Furukawa Electric has released products in a number of areas, including telecommunications, electronics, automobiles, and construction, with the three types of materials it works with at their core, namely, optics, plastics, and metals. Many of these products have attained the top global market share, and all of its products have contributed to society in numerous business areas. Furukawa Electric reported consolidated revenues of JPY 931.8 billion (approximately USD 9.3B) for the fiscal year ended March 31, 2014.