press release

Happy new year

Looking back on 2022, it seems to have been a year of even greater uncertainty than before. In addition to factors from the perspective of geopolitical risks such as Russia's invasion of Ukraine, the intensification of the US-China conflict, and the growing reality of a Taiwan emergency within the next few years, there are also events occurring that will have a major impact on the policies and corporate activities of each country, such as energy issues, global inflation, concerns about an economic recession, and rapid exchange rate fluctuations. In this environment, it is becoming increasingly important for our Group to respond to these uncertainties quickly and appropriately in order to achieve sustainable growth.

In order to achieve sustainable growth in the future, we believe it is important to re-establish the "Fujikura Technology" brand, as we have always said. Fujikura has long used its technological capabilities as a strength, and has many technologies and products that are considered to be at the world's top level. By combining these strengths or utilizing them in new Monodukuri, we will increase our metabolism and create new value, thereby aiming for sustainable growth.

<Corporate Group Management Situation> <Corporate Group Management Situation> <Corporate Group Management Situation
In the first half of the fiscal year, the Group's operating results were 399.1 billion yen in net sales and 35.3 billion yen in operating income, both record highs for the first half of a fiscal year, due to strong demand for data center and FTTx in the Information Technology business and strong demand for smartphones in the Electronics business, as well as the impact of foreign exchange rates. For the second half of the year, we expect continued strong sales in Information Technology business and Electronics business. For the full year, we project net sales of 790.0 billion yen and operating income of 68.5 billion yen, both record highs.

<About "Safety" and "Quality">
It is important to build an organization culture and relationships where people can talk about what they notice in a timely and friendly manner, both in terms of safety and quality. The occurrence of a serious workplace accident or a quality inappropriate incident will not only damage our credibility even more than the previous time, but it could also lead to the loss of our raison d'être in society. All Fujikura employee should recognize that "safety and quality are corporate value itself," and work together to improve our corporate value.

<Towards formulating a mid-term plan>
FY2023 will be the first year of our new mid-term plan. The new plan will cover three years up to FY2025, and we are currently working on it to announce it to the public in May of this year. Under the new growth phase brought about by the mid-term plan, we will re-establish Fujikura's DNA of "Fujikura Technology" and aim to improve our corporate value through customer value creation and social contribution. Naturally, the active participation of each and every Fujikura Group Fujikura employee is essential in formulating and implementing the plan. Let's work hard together to make the future of Fujikura Group even better.