Business partnership with Furukawa Electric for general-purpose electric cables and establishment of a joint sales company
First written in FY2019. 4 of 12 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AchievedAnnual report
「The Company acquired all shares in its consolidated subsidiary SFCC Co., Ltd. held by Furukawa Electric Co.,Ltd. as of 31 March 2026, terminated the joint venture agreement and made SFCC Co., Ltd. a wholly owned subsidiary.」
For SFCC, which began as a joint sales company with Furukawa Electric Co.,Ltd., the Company acquired all of Furukawa Electric Co.,Ltd.’s interest as of 31 March 2026, terminated the joint venture agreement and made SFCC a wholly owned subsidiary. - FY2025AdvancedAnnual report
「At the joint venture company SFCC Co., Ltd., the Company will use this adjustment period to convert the Mie Site into a central warehouse, strengthen inventory management and improve cash flow. It will also pursue further earnings improvements by advancing various productivity-enhancement measures through DX, including expanding the “Web Sales Office” sales support tool to improve customer purchasing convenience.」
The alliance with SFCC has progressed to earnings improvement through stronger inventory management, conversion of a site into a central warehouse, and expansion of sales support tools following the integration of the sales and manufacturing businesses. - FY2023RestatedAnnual report
「As the manufacturing businesses of both groups were integrated into the sales business of SFCC Co., Ltd., the joint sales company of the Company and Furukawa Electric Co.,Ltd. for general-purpose electric wires for the construction and electrical retail markets, SFCC Co., Ltd. commenced its manufacturing business on 1 July 2022.」
The annual report also reconfirms that the integration of the manufacturing business into SFCC and the commencement of its manufacturing business have been completed. - FY2023-Q1AchievedAnnual report
「As the manufacturing businesses of both groups were integrated into the sales business of SFCC Co., Ltd., the joint sales company of the Company and Furukawa Electric Co.,Ltd. for general-purpose electric wires for the construction and electrical retail markets, SFCC Co., Ltd. commenced its manufacturing business on 1 July 2022. As a result, following the capital increase, the ownership ratios changed from Company 60% and Furukawa Electric Co.,Ltd. 40% to Company 80% and Furukawa Electric Co.,Ltd. 20%.」
For SFCC, the joint sales company with Furukawa Electric Co.,Ltd., the manufacturing businesses of both groups were integrated and SFCC commenced its manufacturing business on 1 July 2022. Following the third-party allotment capital increase, the ownership ratios became Company 80% and Furukawa Electric Co.,Ltd. 20%. - FY2022-Q3AdvancedAnnual report
「At a meeting of its Board of Directors held on 22 December 2021, the Company resolved to approve an agreement with Furukawa Electric Co.,Ltd. to integrate the manufacturing businesses of both groups into the sales business of SFCC Co., Ltd., the joint sales company for general-purpose electric wires for the construction and electrical retail markets that commenced operations on 1 April 2020, and to change the ownership ratios of the two companies. On 24 December of the same year, the Company signed with Furukawa Electric Co.,Ltd. and the other parties involved an amendment to the joint venture agreement executed on 11 October 2019 and a business transfer agreement, among other agreements.」
The alliance with Furukawa Electric Co.,Ltd. progressed to the stage of a Board resolution and execution of agreements concerning the integration of both groups’ manufacturing businesses into the sales business of the joint sales company SFCC and changes to the ownership ratios. - FY2021-Q1RestatedAnnual report
「The Company’s consolidated subsidiary SFCC Co., Ltd. acquired the sales business relating to general-purpose electric wires for the construction and electrical retail markets from Furukawa Elecom Co., Ltd. and Furukawa Electric Industrial Cable Co., Ltd., both consolidated subsidiaries of Furukawa Electric Co.,Ltd., on 1 April 2020.」
The Company has reconfirmed that SFCC acquired the general-purpose electric wire sales business under the alliance with Furukawa Electric Co.,Ltd. on 1 April 2020. - FY2020AchievedAnnual report
「The Company’s consolidated subsidiary SFCC Co., Ltd. acquired the sales business relating to general-purpose electric wires for the construction and electrical retail markets from Furukawa Elecom Co., Ltd. and Furukawa Electric Industrial Cable Co., Ltd., both consolidated subsidiaries of Furukawa Electric Co.,Ltd., on 1 April 2020.」
Following the basic agreement and joint venture agreement with Furukawa Electric Co.,Ltd., the joint sales company SFCC was established and acquired the general-purpose electric wire sales business for the construction and electrical retail markets on 1 April 2020. - FY2020-Q2AdvancedAnnual report
「The Company had signed a basic agreement with Furukawa Electric Co.,Ltd. dated 18 June 2019 concerning a business alliance in the general-purpose electric wire business for the construction and electrical retail markets. The parties subsequently agreed to establish a jointly funded sales company and integrate the sales divisions of both groups, and signed a joint venture agreement on 11 October 2019. In addition, SFCC Co., Ltd. (classified within the Energy and Infrastructure business) was newly established during the second quarter consolidated accounting period and has been included in the scope of consolidation.」
The alliance with Furukawa Electric Co.,Ltd. in the general-purpose electric wire business progressed from a basic agreement to the execution of a joint venture agreement, giving concrete form to the establishment of a jointly funded sales company and integration of the sales divisions. SFCC Co., Ltd. was also newly established and added to the scope of consolidation. - FY2020-Q1RestatedAnnual report
「At a meeting of its Board of Directors held on 18 June 2019, the Company resolved to approve a basic agreement with Furukawa Electric Co.,Ltd. concerning a business alliance in the general-purpose electric wire business for the construction and electrical retail markets and the establishment of a jointly funded sales company through the integration of the sales divisions, and on the same date signed a basic business alliance agreement with Furukawa Electric Co.,Ltd. and the other parties involved.」
The Company has reconfirmed the signing of a basic agreement with Furukawa Electric Co.,Ltd. concerning the business alliance and establishment of a joint sales company as a material contract. - FY2019First statedAnnual report
「The Company resolved to approve a basic agreement with Furukawa Electric Co.,Ltd. concerning a business alliance in the general-purpose electric wire business for the construction and electrical retail markets and the establishment of a jointly funded sales company through the integration of the sales divisions, and on the same date signed a basic business alliance agreement with Furukawa Electric Co.,Ltd. and the other parties involved. Following negotiations and execution of the definitive agreement and the review by the Japan Fair Trade Commission, the Company aims to commence operations of the new sales company on 1 April 2020. Ownership ratio: Company 60%, Furukawa Electric Co.,Ltd. 40%.」
The policy of establishing a joint sales company for general-purpose electric wires for the construction and electrical retail markets, integrating the sales divisions and brands, centralizing inventory management, and improving the efficiency of manufacturing and logistics bases was first disclosed as a subsequent event through the filing date.