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M&A and Subsidiary Changes5715FURUKAWA CO.,LTD.Iron & Steel, Nonferrous Metals

Notice Regarding the Completion of the Transfer of Fixed Assets by a Consolidated Subsidiary and the Recognition of an Extraordinary Gain

The consolidated subsidiary transferred a former smelter site in Australia and expects to recognize an extraordinary gain of approximately ¥6.0 billion in the fiscal year ending March 2027. The transfer proceeds are expected to be used to fund the investigation and remediation of residual contamination at and off the site.

Worth reading
33Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
60
¥100 million
Wording
Conditional
How definitive the wording is.

This transaction

Disposal of Fixed Assets
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Location Australia (location of the transferred assets)
Consideration and expenses
Acquisition priceThe transfer price and carrying value will not be disclosed.
Type of ConsiderationType of consideration
Funding arrangementsThe transfer proceeds are expected to be used to fund the costs of measures under the contract for the investigation and remediation of residual contamination at and off the former smelter site.
Amount of extraordinary income (loss)Extraordinary gain: approximately ¥6.0 billion (expected to be recognized in the fiscal year ending March 2027)
Impact on Business Performance

The impact on results for the fiscal year ending March 2027, including other factors, is currently under review. If it is determined that a revision is necessary, the Company will disclose it promptly.

This transaction
ItemDetails
Transaction nameDisposal of Fixed Assets
Location of the Subject CompanyAustralia (location of the transferred assets)
Acquisition priceThe transfer price and carrying value will not be disclosed.
Type of ConsiderationType of consideration
Funding arrangementsThe transfer proceeds are expected to be used to fund the costs of measures under the contract for the investigation and remediation of residual contamination at and off the former smelter site.
Amount of extraordinary income (loss)Extraordinary gain: approximately ¥6.0 billion (expected to be recognized in the fiscal year ending March 2027)
Impact on Business PerformanceThe impact on results for the fiscal year ending March 2027, including other factors, is currently under review. If it is determined that a revision is necessary, the Company will disclose it promptly.
Contract Date2 July 2026
Execution Date / Effective Date10 August 2026 (date of completion of the transfer)
Items this document does not state (23)
Counterparty nameName of the Subject CompanyBusiness Description of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageGoodwill amountDate of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To address environmental issues relating to the former smelter site and proceed with the winding-down of the Company's local operations in Australia. The transfer proceeds are expected to be used for the costs of measures under the contract for the investigation and remediation of residual contamination at and off the site.

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Notice Regarding the Completion of the Transfer of Fixed Assets by a Consolidated Subsidiary and the Recognition of an Extraordinary Gain | FURUKAWA CO.,LTD. (5715) timely disclosure | Komori