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Notice regarding change (upgrade) of rating by Rating and Investment Information, Inc.

Fujikura Ltd. (Director, President and CEO: Naoki Okada) has had its issuer rating upgraded from "A (Stable)" to "A+ (Stable)" and its bond rating upgraded from "A" to "A+" by Rating and Investment Information, Inc. (R&I). We believe this rating upgrade is a result of our efforts to strengthen our financial base and improve profitability.

1. Subjects and ratings

Rating Agency subject Rating remarks
R&I Issuer Rating A+ (Stable) Raised from A (stable)
bond rating A+ Pulled up from A
CP Rating a-1 No changes

2. Date of rating publication
July 15, 2026

3. Reasons for the rating change
For details on the reasons for the rating change, please visit the R&I website (https://www.ri.co.jp/rating/index.html Please see the following.

Going forward, under our 2028 Mid-Term Plan, we will maintain an equity ratio of 50% from a financial soundness perspective, while flexibly implementing additional strategy and growth investments and shareholder returns to further improve capital efficiency.

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