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Home > Company Index > Manufacturing > Wire & Cable > The Furukawa Electric Co., Ltd.

The Furukawa Electric Co., Ltd.
Nasdaq: FUWAY
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 PROFILE
The Furukawa Electric Co. has got things wired. Through nearly 250 subsidiaries and affiliates, the company makes optical-fiber cable, optical fibers, and superconductive wire. Altogether, its wire and cable business accounts for nearly 50% of sales. Furukawa Electric also makes copper and aluminum products. The firm's products range from auto wiring systems and sheet metal to printed circuit boards and electronic components. It also makes lead, alkaline, and nickel batteries. The company is developing interactive cable systems that use optical fibers, and it is engaged in real estate activities. It has a 17% stake in fiber-optic component maker JDS Uniphase. Japan accounts for more than 90% of sales.

 COMPETITION
Corning Incorporated (GLW)
Fujikura Ltd. (dossier)
Sumitomo Electric Industries, Ltd. (SMTOY)

 DEALS
Deal: Lucent Sells Optical Fiber Arm to Furukawa
Date Announced: 07.24.01
Value of transaction (US $Mil): 2525
Description: Furukawa Electric will pay $2.525 billion for Lucent's optical fiber solutions business, excluding its Chinese ventures.

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 6,602.10
1-Yr. Sales Growth: 8.2%
Employees: 9,284
Revenue per employee: $711,126.67

 KEY PEOPLE
• Junnosuke Furukawa
    CEO

 CONTACT INFO
6-1, Marunouchi 2-chome, Chiyoda-ku
Tokyo 100-8322, Japan
Phone: 81-3-3286-3001
Fax: 81-3-3286-3747
Online: Web Site

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