2025 New Year’s Greeting from President Hideya Moridaira

To all employees of Furukawa Electric Group, Happy New Year!
I would like to thank you all for your dedication and hard work.
With one year and three months until the end of the Furukawa Electric Group Medium-term Management Plan 2022-2025 (2025 Mid-term Plan) “Road to Vision 2030 – Transform and Challenge –”, we are making steady progress toward the targets set in this plan. I ask all employees to think, use your knowledge and take the initiative to further accelerate our activities and achieve the targets by strengthening the teams and group. We can do it. Keep up your strong efforts until we reach the goal.

A number of major elections occurred around the world last year. In particular, following the presidential election in the United States in November, there has been increased attention on the international implications of the results, including acceleration of nationalism in the country and changes to the military balance around the world. In addition, following the elections in Japan, the ruling party lost its majority in the House of Representatives. In terms of the economy, a number of situations have occurred that require our attention, including the economic slowdown in China, active data center markets following the rapid introduction of AI, weakening yen and rising costs.
As a group, our financial results are recovering, and we revised up the FY2024 full-year forecast for net sales and profits. Also, we are implementing bold initiatives to realize and enhance our potential aimed at growth of the group, including reorganizing the optical fiber and cable business and metal wire business.
While calmly monitoring the changes taking place around the world, we will clarify and enhance our strengths as a group toward becoming a corporate group that can make major contributions to solving the social issues.