Fujikura and Furukawa Electric to Dissolve Joint Venture, Waive 8.3 Billion Yen in Claims

MT Newswires Live03-27

Telecommunications company Fujikura (TYO:5803) and electronics manufacturer Furukawa Electric (TYO:5801) have agreed to dissolve their 50:50 joint venture, Viscas, and waive claims against the company.

Both companies' boards resolved on March 27 to waive loans receivable totalling 8.27 billion yen, as Viscas' remaining operations have substantially concluded.

The dissolution follows a 2016 agreement to terminate the joint venture, after which Viscas transferred its core businesses to its two parent companies.

As of March 31, Viscas reported negative net assets of nearly 16 billion yen and total assets of 1.46 billion yen.

Both Furukawa Electric and Fujikura said they had already recorded allowances for doubtful accounts in the fiscal year ended March 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2622846757?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-27 16:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2622846757","market":"sg","top_or_hot":-1,"title":"Fujikura and Furukawa Electric to Dissolve Joint Venture, Waive 8.3 Billion Yen in Claims","media":"MT Newswires Live","content":"<html><body><p> Telecommunications company Fujikura (TYO:5803) and electronics manufacturer Furukawa Electric (TYO:5801) have agreed to dissolve their 50:50 joint venture, Viscas, and waive claims against the company.</p><p>Both companies' boards resolved on March 27 to waive loans receivable totalling 8.27 billion yen, as Viscas' remaining operations have substantially concluded.</p><p>The dissolution follows a 2016 agreement to terminate the joint venture, after which Viscas transferred its core businesses to its two parent companies.</p><p>As of March 31, Viscas reported negative net assets of nearly 16 billion yen and total assets of 1.46 billion yen.</p><p>Both Furukawa Electric and Fujikura said they had already recorded allowances for doubtful accounts in the fiscal year ended March 2025.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fujikura and Furukawa Electric to Dissolve Joint Venture, Waive 8.3 Billion Yen in Claims</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFujikura and Furukawa Electric to Dissolve Joint Venture, Waive 8.3 Billion Yen in Claims\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-03-27 16:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Telecommunications company Fujikura (TYO:5803) and electronics manufacturer Furukawa Electric (TYO:5801) have agreed to dissolve their 50:50 joint venture, Viscas, and waive claims against the company.</p><p>Both companies' boards resolved on March 27 to waive loans receivable totalling 8.27 billion yen, as Viscas' remaining operations have substantially concluded.</p><p>The dissolution follows a 2016 agreement to terminate the joint venture, after which Viscas transferred its core businesses to its two parent companies.</p><p>As of March 31, Viscas reported negative net assets of nearly 16 billion yen and total assets of 1.46 billion yen.</p><p>Both Furukawa Electric and Fujikura said they had already recorded allowances for doubtful accounts in the fiscal year ended March 2025.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4185","symbol_name":"保健护理机构","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2622846757","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622846757","pubTimestamp":1774599513,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Telecommunications company Fujikura  and electronics manufacturer Furukawa Electric  have agreed to dissolve their 50:50 joint venture, Viscas, and waive claims against the company.Both companies' boards resolved on March 27 to waive loans receivable totalling 8.27 billion yen, as Viscas' remaining operations have substantially concluded.The dissolution follows a 2016 agreement to terminate the joint venture, after which Viscas transferred its core businesses to its two parent companies.As of March 31, Viscas reported negative net assets of nearly 16 billion yen and total assets of 1.46 billion yen.Both Furukawa Electric and Fujikura said they had already recorded allowances for doubtful accounts in the fiscal year ended March 2025.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4185":"保健护理机构","JYNT":"The Joint Corp."},"translate_title":"藤仓与古河电机将解散合资企业，放弃83亿日元债权","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JYNT":1.5},"content_text":"Telecommunications company Fujikura (TYO:5803) and electronics manufacturer Furukawa Electric (TYO:5801) have agreed to dissolve their 50:50 joint venture, Viscas, and waive claims against the company.Both companies' boards resolved on March 27 to waive loans receivable totalling 8.27 billion yen, as Viscas' remaining operations have substantially concluded.The dissolution follows a 2016 agreement to terminate the joint venture, after which Viscas transferred its core businesses to its two parent companies.As of March 31, Viscas reported negative net assets of nearly 16 billion yen and total assets of 1.46 billion yen.Both Furukawa Electric and Fujikura said they had already recorded allowances for doubtful accounts in the fiscal year ended March 2025.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622846757","isCrawlerRequest":true}