November 10, 2008
For Immediate Release
Company name: The Furukawa Electric Co., Ltd.
Code: 5801 (First Section of TSE, OSE and NSE)
Representative: Masao Yoshida
Contact: Masahiko Fukumoto, Head of IR/PR Unit,
Management Planning Department
(TEL: 03-3286-3050)
Notice of Dissolution of a Subsidiary
The Furukawa Electric Co., Ltd. announces that a meeting of directors held on November 10 resolved to
dissolve Furukawa America, Inc., a consolidated subsidiary. Details are as follows.
1. Profile of Subsidiary
(1) Corporate name:
Furukawa America, Inc.
(2) Address:
Peachtree City, Georgia, U.S.A.
(3) Representative:
John F. Rogers
(4) Business:
Sales subsidiary in North America
(5) Establishment:
October 1996
(6) Paid-in capital:
17 million US dollars
(7) Shareholder
FURUKAWA ELECTRIC NORTH AMERICA, INC. (our wholly-owned subsidiary that we decided to
dissolve on November 10) 100% 2. Reason for Dissolution
As a result of a review of the future development of businesses in North America, the Company decided that
it would move forward with its internal company system and have each company control production and
distribution in an integrated fashion, to respond to customers’ needs promptly and expand businesses
efficiently amid violent changes in the North American market following the financial crisis. The Company
has therefore decided to dissolve Furukawa America, its sales subsidiary in North America, and will transfer
the sales operations of the company to its consolidated subsidiaries OFS Fitel, LLC (belonging to its
Telecommunications Company) and Furukawa Electric North America Apd, Inc. (belonging to the
Electronics & Automotive Systems Company).
3. Schedule for Dissolution
The liquidation is scheduled for completion in March 2009.
4. Impact on Financial Results
The impact of the dissolution of the subsidiary on consolidated and non-consolidated financial results in
the fiscal year ending March 2009 is expected to be minimal.