Fujikura Ltd. (TSE Prime: 5803) said on July 10, 2026 that it and its wholly owned subsidiary Fujikura (China) Co., Ltd. will sell their entire 60% combined stake in FiberHome Fujikura Optoelectronic Material Technology Co., Ltd. to the venture's other founding shareholder, FiberHome Telecommunication Technologies Co., Ltd. Fujikura's own 40% stake changes hands for 333.49 million yuan, about ¥7.97bn, while Fujikura China's 20% stake goes for 166.75 million yuan, about ¥3.99bn. The two sides signed the agreement the same day; execution is scheduled for late September 2026, after which Fujikura and its China unit will each hold zero percent of the target company.
The target company sits in Wuhan's Donghu high-tech development zone. It was established in May 2009 with $90 million in registered capital to research, manufacture and sell optical fiber preforms, the glass rods that get drawn into fiber-optic cable. Before the sale, Fujikura held 40% directly, Fujikura China held 20%, and FiberHome Telecommunication held the remaining 40%. Both companies said they had reached a shared view that the joint venture had "fulfilled a certain role," the stated reason given in the filing for the sale.
The disclosure includes three years of the target's results in yuan. Revenue fell from 439.5 million in 2023 to 338.1 million in 2025. Net income dropped from 48.0 million in 2023 to 1.5 million in 2024 before recovering to 44.1 million in 2025.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net assets | 977.2 | 790.6 | 833.7 |
| Total assets | 1,039.0 | 840.6 | 872.8 |
| Sales | 439.5 | 359.0 | 338.1 |
| Operating profit | 40.7 | 17.3 | 21.5 |
| Ordinary profit | 48.0 | 1.5 | 30.5 |
| Net income | 48.0 | 1.5 | 44.1 |
The buyer, FiberHome Telecommunication Technologies, is also based in Wuhan and has 1,358.17 million yuan in registered capital. Its most recent fiscal year showed consolidated net assets of 19,111.32 million yuan and total assets of 47,181.98 million yuan. Its largest shareholder is FiberHome Technology Group Co., Ltd., with a 36.38% stake. Fujikura said it has no capital, personnel or transaction relationship with FiberHome Telecommunication and that the buyer does not count as a related party.
Fujikura filed the change as an extraordinary report with the Kanto Local Finance Bureau, citing Article 24-5, Paragraph 4 of the Financial Instruments and Exchange Act and Article 19, Paragraph 2, Item 3 of the related cabinet office disclosure ordinance as the basis for the filing. The company said the effect of the sale on its consolidated earnings is expected to be minor, and that it will make further disclosures promptly if anything reportable comes up before the deal closes.