Furukawa Electric Co., Ltd. (TSE:5801) agreed to acquire 40% stake in MFOptex Co., Ltd. from Mitsubishi Cable Industries, Ltd. on April 26, 2024. Prior to the transaction, Furukawa Electric Co., Ltd. (TSE:5801) held 40%. MFOPTEX Co., Ltd. is a joint venture between the Company and Mitsubishi Cable Industries, Ltd. It is also planned that MFOptex's Head Office and Works will be relocated to the Furukawa's Mie Works and other locations.The deal is subject to approval by the competition regulator.

The expected date of share acquisition is on October 1, 2024