Implementation of absorption-type merger between subsidiaries and change of the succeeding company’s trade name for the reorganization of the metal wire business
March 6, 2025
Furukawa Elctric Industrial Cable Co., Ltd. (Head Office: 6-48-10 Higashi-Nippori, Arakawa-ku, Tokyo; Representative: Shigeru Tokuda), a wholly owned subsidiary of Furukawa Electric Co., Ltd. (Head office: 2-6-4 Otemachi, Chiyoda-ku, Tokyo; President: Hideya Moridaira), will change its trade name to Furukawa Electric Metal Cable Co., Ltd.™ on April 1 in connection with an absorption-type merger between the Furukawa Electric’s subsidiaries to be done as a part of the reorganization of the metal wire business.
Background
While the metal wire market in Japan has been changing, our Group has moved forward with the selection and concentration and produced differentiated products and promising products leveraging its technological advantage, along with making a shift in the portfolio. There are, however, emerging challenges such as the lack of talents and aging facilities.
Under such circumstances, in order to solve such challenges and promptly address increasingly diverse and sophisticated needs, the Group decided to integrate divisions engaged in the metal wire business.
Under such circumstances, in order to solve such challenges and promptly address increasingly diverse and sophisticated needs, the Group decided to integrate divisions engaged in the metal wire business.
Details
In association with the absorption-type merger effective on April 1, where KANZACC Co., Ltd., our wholly owned subsidiary, disappears and Furukawa Electric Industrial Cable Co., Ltd. survives as an integrated company, Furukawa Electric Industrial Cable Co., Ltd. will change its trade name to Furukawa Electric Metal Cable Co., Ltd. With this integration, we will maximize synergy effects such as expanding sales channels by utilizing trade areas/commercial distribution, solving issues facing customers by leveraging each company’s technological advantage, and increasing competitiveness through efficient resource allocation, aiming at increasing corporate value of the entire Group. There is no change in the current sales/production bases and e-mail addresses of Furukawa Electric Industrial Cable and KANZACC.
Overview of Furukawa Electric Metal Cable Co., Ltd.
| Company name | Furukawa Electric Metal Cable Co., Ltd. |
|---|---|
| Representative | Shigeru Tokuda |
| Date of establishment | April 1, 2025 |
| Address | 6-48-10 Higashi Nippori, Arakawa-ku, Tokyo |
| Business outline | Manufacturing and sales of various types of electric wires, electric machinery/apparatus, plated processed goods, and metallic pipes & corrugated cables/tubes |
| Capital stock | 450 million yen |
| Major shareholder and shareholding ratio | Furukawa Electric Co., Ltd. 100％ |
Schedule going forward
Effective on October 1, 2025 (projected), through an absorption-type company split where the Company is the splitting company and Furukawa Electric Metal Cable is the successor company, the successor company will succeed to the business related to development, manufacturing and sales of metal wires in the Company’s Optical Fiber and Cable Products business division. Effective on the same day, through an absorption-type company split where Riken Electric Wire and Okano Cable, our wholly-owned subsidiaries, are the splitting companies and Furukawa Electric Metal Cable is the successor company, the successor company will succeed to Riken Electric Wire’s metal wire business, as well as shares of subsidiaries of Riken Electric Wire and Okano Cable, which operate metal wire business, held by these splitting companies respectively. For more details, please see below.
While the Company plans a transition to a new corporate identify including the brand logo and brand slogan on the right by 2026, Furukawa Electric Metal Cable Co., Ltd. will start using the brand logo and brand slogan prior to the Company’s use.
As for Furukawa Electric Group’s brand logo and brand slogan, Furukawa Electric Co., Ltd. filed for trademark registration (currently pending).
As for Furukawa Electric Group’s brand logo and brand slogan, Furukawa Electric Co., Ltd. filed for trademark registration (currently pending).
Furukawa Electric Group’s brand logo/slogan
（Note）As for the name “Furukawa Electric Metal Cable Co., Ltd.”, Furukawa Electric Co., Ltd. filed for trademark registration (currently pending).
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Furukawa Electric Group's approach to the SDGs
Considering the United Nations' Sustainable Development Goals (SDGs), the Furukawa Electric Group has established the Furukawa Electric Group Vision 2030, with the year 2030 as its target. This initiative aims to "establish a social infrastructure that integrates information, energy, and mobility to safeguard the global environment and facilitate safe, secure, and comfortable living." We are currently working towards this objective. To achieve our Vision 2030, we will contribute to the achievement of the SDGs by promoting Open, Agile, and Innovative ESG management that aims to enhance our corporate value over the medium to long term.
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