Notice Regarding Forgiveness of Debt toward Viscas Corporation

Fujikura Ltd. announced that at a board meeting held on March 27, 2026, it was resolved that Fujikura would forgive its loans to Viscas Corporation, an equity-method affiliate of Fujikura, upon the dissolution of Viscas on March 31 of the same year.

1. Background

Regarding Viscas Corporation (hereinafter, "Viscas"), a joint venture equally owned by Fujikura and Furukawa Electric Co., Ltd. (hereinafter, "Furukawa Electric"), both parties agreed on October 1, 2016, to terminate the joint venture and have since been working towards its conclusion. As Viscas's business operations have now reached a certain stage of termination, Fujikura and Furukawa Electric have agreed to forgive the respective debts owed to them by Viscas and to dissolve the company.

2. Overview of the Equity-Method Affiliate

(1) Name Viscas Corporation

(2) Location 1-8-8 Haneda Airport, Ota-ku, Tokyo

(3) Representative's Title and Name President and Director, Ichiro Ishigaki

(4) Business Description Manufacture and sale of electric wires, cables, etc., and the design, construction, and monitoring of related work.

(5) Capital 10 million yen

(6) Date of Establishment September 26, 2001

(7) Net Assets -15,951 million yen (as of March 31, 2025)

(8) Total Assets 1,463 million yen (as of March 31, 2025)

(9) Shareholders and Shareholding Ratio Fujikura Ltd. 50%, Furukawa Electric Co., Ltd. 50%

(10) Relationship with the Listed Company Capital Relationship Viscas is an equity-method affiliate of Fujikura.

Personnel Relationship Two executives from Fujikura serve as officers of the company.

Transactional Relationship Fujikura has provided loans to the company.

Related Party Status As an equity-method affiliate of Fujikura, it qualifies as a related party.

3. Details of the Debt Forgiveness

(1) Type of Debt Long-term loan

(2) Amount of Debt and Percentage of Consolidated Net Assets for the fiscal year ending March 2025 8,266 million yen 1.9%

(3) Implementation Date March 27, 2026

4. Future Outlook

The forgiven debt amount of 8,266 million yen has been recorded as a provision for doubtful accounts in prior fiscal years, and the impact on both the non-consolidated and consolidated financial results for the fiscal year ending March 2026 will be minor.